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Describe the Concept of Changing Social Contract by Differentiating Between

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Describe the concept of changing social contract by differentiating between the new and the old contract.


Definitions:

B Corporation

A certification awarded by B Lab, earned by a company’s rigorous adherence to social responsibility and sustainability.

Social Environmental Impact

The effect that activities and behaviors have on the social fabric and environment, encompassing both positive contributions and negative damages.

Strategic Benefit

Advantage gained from implementing particular tactics or strategies, contributing to the overall goals and success of an organization or individual.

Corporate Social Responsibility

An operational framework for businesses that prioritizes social and environmental issues in their dealings and communications with stakeholders.

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