ABC Corporation hires students from a local school to do ground maintenance.This program is a part of a corporate strategy that sees profits split equally between shareholders and youth work programs.The founders of the company felt that business
Needed to be more creative in how it managed CSR programs to maximize the difference that corporate involvement could realize.This example illustrates which of the following concept(s)?
A)Community investor
B)Social entrepreneur
C)Social enterprise
D)Corporate sponsor
E)Social venture

Question

Quizplus · Accepted Answer

The example given illustrates a social enterprise, which is a business that has social objectives as well as financial ones. The company's strategy of hiring students for ground maintenance as a part of their CSR program aligns with their goal of making a social impact by providing job opportunities for young people, while also making a profit that is split between shareholders and youth work programs. This approach to CSR is an example of a social enterprise.

ABC Corporation Hires Students from a Local School to Do