The Most Strategic CSR Initiatives Are Those That Add a Social

question 26

True/False

The most strategic CSR initiatives are those that add a social dimension to the firm's overall
competitive strategy.

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Definitions:

Economic, Legal

Referring to the financial and regulatory context within which organizations operate, affecting their strategies and operations.

Social Responsibility

The obligation of a business to contribute to society in a beneficial manner, beyond its own interests and legal requirements.

Business Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with sustaining the business operations.