1. Business Strategy
Social responsibility is the recognition that business activities have an impact on society and the consideration of that impact in business decision-making. Obviously, social responsibility cost money. It is perhaps not so obvious-except in isolated cases-that social responsibilities is also good business. Customer eventually find out, which firms are acting responsibly and which are not. And, just as easily as they cast their dollar votes for a product produced by a company that is socially responsible, they can vote against the firm that is not. Government regulation and public awareness ar...
- Word Count: 2725
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate