Corporate citizenship involves transforming a concern for financial performance into a vision of corporate financial and social performance.

Question

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Corporate citizenship is an approach in which companies take responsibility for the impact of their operations on society and the environment, and strive to have a positive impact while also achieving financial success. This involves integrating social and environmental considerations into decision-making processes and strategies, and measuring success not just in terms of financial performance, but also in terms of social and environmental performance. Therefore, the statement is true, as it highlights the need to move beyond a narrow focus on financial performance and adopt a more holistic view of corporate success.

Corporate Citizenship Involves Transforming a Concern for Financial Performance into a Vision