A company following the virtuous circle of CSR will most likely
A) become an add-on initiative-funding activities like philanthropy, environmental preservation, and community projects.
B) pursue a narrow stakeholder perspective focused on maximizing short-term profits.
C) pursue its own interests in competitive settings and make products that are profitable.
D) put society and the environment ahead of shareholders and stakeholders.
E) integrate socially responsible behaviour into everyday business goals and activities for an improved financial performance.

Question

Quizplus · Accepted Answer

The virtuous circle of CSR involves integrating socially responsible behavior into everyday business goals and activities, resulting in improved financial performance. This approach prioritizes the interests of stakeholders, as well as society and the environment, while still pursuing profitability. It goes beyond mere philanthropy and individual initiatives to create a holistic approach to responsible business practices. Pursuing narrow stakeholder perspectives or placing shareholder interests ahead of social responsibility is not consistent with the virtuous circle of CSR.

A Company Following the Virtuous Circle of CSR Will Most