Which approach to CSR argues that philanthropic initiatives are authorized without concern for the corporation's overall profitability?

Question

Quizplus · Accepted Answer

The altruistic approach to CSR emphasizes on doing good deeds or performing charitable activities without considering the corporation's overall profits. It is driven by the moral obligation to serve the community and fulfill the social responsibility of the corporation. Hence, the philanthropic initiatives are authorized without any concern for the firm's profitability.

Which Approach to CSR Argues That Philanthropic Initiatives Are Authorized