Which of the following are potential benefits of Corporate Social Responsibility (CSR)? A) Negative public relations B) Attracting talent C) Cost savings D) Innovation
Understand the Problem
The question is asking about the potential benefits of Corporate Social Responsibility (CSR) and provides multiple-choice options to identify which ones are true benefits. The focus is on understanding CSR and its implications for businesses.
Answer
Attracting talent, cost savings, and innovation.
The potential benefits of Corporate Social Responsibility (CSR) include attracting talent, cost savings, and innovation.
Answer for screen readers
The potential benefits of Corporate Social Responsibility (CSR) include attracting talent, cost savings, and innovation.
More Information
CSR initiatives can foster innovation by creating a culture of creative problem-solving for social and environmental impacts, and attracting talent by improving corporate image. Cost savings can come from efficient resource use through sustainable practices.
Tips
A common mistake is assuming negative aspects like public relations setbacks are benefits to CSR. Focus on aspects like talent attraction and cost efficiencies.
Sources
- The Importance of Social Responsibility for Businesses - Investopedia - investopedia.com
- Corporate social responsibility - Wikipedia - en.wikipedia.org
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