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Nexus between Corporate Social Responsibility and Firm's Performance

Nexus between Corporate Social Responsibility and Firm's Performance

Paperback

General Sociology

ISBN10: 6205493950
ISBN13: 9786205493953
Publisher: LAP Lambert Academic Publishing
Published: May 27 2025
Pages: 176
Weight: 0.54
Height: 0.41 Width: 6.00 Depth: 9.00
Language: English
In grappling with significant societal challenges such as poverty, inequality, population growth, environmental degradation, and illiteracy, Indian businesses play a crucial role. Fostering a genuine partnership between business and society requires transparency in declaring Corporate Social Responsibility (CSR) activities by Indian companies. While financial performance remains the primary concern for profit-based organizations, they are integral components of society, impacting various societal groups. The success of these organizations hinges on their relationship with society, as they both contribute to and draw resources from it. Ethical organizational processes involve taking responsibility for the environmental and societal impact of actions on customers, employees, shareholders, suppliers, communities, and other stakeholders. Implementing CSR practices with well-defined projects can shift CSR from a charitable endeavor to a sustainable, long-term approach.

Also from

Sharma, Asha

Also in

General Sociology