Business case for socially responsible behavior

Question

Explain the business case for socially responsible behavior.

Answer 1

The business case for socially responsible behavior:

There are many reasons why the exercise of social responsibility is fine business:

i. It produces internal advantages particularly as concerns workforce retention, employee recruiting, and training costs.

ii. It decreases the risk of reputation-damaging incidents and can lead to increased purchaser patronage.

iii. It is in the finest interest of shareholders.