How Corporate Social Responsibility Benefits Corporations
In today's era, companies can't just remain in business with the sole purpose of making a profit. Consumers may depend on companies for products and services, but the competitiveness of today's market allows consumers to take a number of factors into consideration before making their final decision regarding which company to buy from. One of the factors considered is the company's contribution to the community. Mentioned below are some of the ways in which corporations can benefit from corporate social responsibility. An enhanced public image The public image of a corporation is largely decided by its Corporate social responsibility programs and the consumers' awareness of those programs. A recent study reveals that ninety percent of consumers would desist from dealing with companies that have no social responsibility plans. For instance, a company renowned for donating goods or cash to local schools or non-profit organizations is more likely to be patroni
