The virtuous cycle in relation to social responsibility suggests that

Question

Quizplus · Accepted Answer

The virtuous cycle in relation to social responsibility suggests that corporate social performance and corporate financial performance feed and reinforce each other. When a company demonstrates social responsibility, such as by adopting sustainable practices or giving back to the community, it can positively impact its reputation and brand image, which can lead to increased customer loyalty and sales. This, in turn, can boost financial performance. As financial performance improves, a company may be able to invest more in social responsibility initiatives, further strengthening its reputation and financial performance in a positive feedback loop.

The Virtuous Cycle in Relation to Social Responsibility Suggests That