Prof washington. only | Business & Finance homework help
In terms of organizational performance, CSR policies can improve employee morale by demonstrating that their work matters and is appreciated. It also strengthens customer relationships as customers are more likely to remain loyal when they know they are supporting a socially conscious brand. Finally, CSR initiatives can help reduce costs associated with government regulations or compliance issues; this helps free up resources which can then be allocated towards other areas of the business.
Overall, corporate social responsibility plays an important role in shaping how an organization is perceived by its customers and other stakeholders. When implemented correctly, it improves public image while simultaneously providing internal benefits such as improved employee satisfaction and cost savings.