Why is corporate social responsibility a key part of business strategy?
A)Because of the close scrutiny of pressure groups
B)Because of the close scrutiny of institutional investors
C)Because of the close scrutiny of shareholders
D)All of the above

Question

Quizplus · Accepted Answer

Corporate social responsibility is a key part of business strategy because of the close scrutiny of pressure groups, institutional investors and shareholders. Pressure groups typically raise awareness to social and environmental issues and demand companies to act responsibly. Institutional investors and shareholders, on the other hand, often consider a company's social and environmental performance in their investment decisions. Therefore, a company's focus on social responsibility can enhance its reputation and increase its financial success.

Why Is Corporate Social Responsibility a Key Part of Business