Examlex
As the textbook points out, many people are willing to endure very bad circumstances-going hungry, living in dangerous neighbourhoods-because they are passionate about their professions. This is particularly important for artists, actors, singers, and other such adults. These priorities are inconsistent with Maslow's hierarchy of needs, thus reminding us about the importance of the critical-thinking concept of
Virtuous Circle
What occurs when socially responsible behaviour improves financial performance, which leads to more responsible behaviour in the future.
CSR
Corporate Social Responsibility, a business model that helps a company be socially accountable to itself, its stakeholders, and the public.
Socially Responsible Behaviour
Actions by individuals or organizations that contribute to the welfare of society and the environment.
Virtuous Circle
A sequence of events where each one positively influences the next, leading to continuous improvement or beneficial results.
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