The business case for ______ is based on the ability of the organization to help or harm various stakeholder groups and the ability of all stakeholder groups to help or harm the company.

Question

Quizplus · Accepted Answer

The concept of corporate social responsibility (CSR) involves a company's responsibility to consider the impact of its actions on various stakeholder groups, such as employees, customers, communities, and the environment. The business case for CSR lies in the company's ability to positively impact these stakeholders, which can lead to long-term benefits such as improved reputation, customer loyalty, and employee satisfaction. Conversely, companies that fail to consider the impact of their actions on stakeholders can face negative consequences such as boycotts, lawsuits, and reputational damage. Thus, the business case for CSR is based on the idea that responsible behavior contributes to long-term success and sustainability.

The Business Case for ______ Is Based on the Ability