Ways in which businesses are able to meet these obligations, remaining ethical, sustainable and environmentally responsible while balancing the need to maintain profitability and manage the expectations of all stakeholders.
Description
Corporate Social Responsibility is “the obligation of an organisation’s management to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation” (Daft, Kendrick, Vershinina, Management, Cengage, 2016, p175)
Discuss the ways in which businesses are able to meet these obligations, remaining ethical, sustainable and environmentally responsible while balancing the need to maintain profitability and manage the expectations of all stakeholders. Use examples and evidence to support your points and make reference to theories and models as appropriate