IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 2 2024
DOI: https://doi.org/10.56201/ijebm.v10.no2.2024.pg74.87

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Positive Outcomes of Corporate Social Responsibility for Companies and Society

Mohammad Asif Ahmadi

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Abstract

To explore the complicated field of corporate social responsibility (CSR), this study performs a thorough narrative review of the literature. It achieves this by clarifying the benefits that CSR could bring to society as well as to companies. According to the study, corporate social responsibility (CSR) goes beyond philanthropy and serves as an imperative strategy that improves a company's competitive advantage, reputation, and brand image. The study highlights the several benefits companies may achieve, such as enhanced staff morale, reduced risk, increased market share, and sustained financial prosperity. The article also explores the social impact of corporate social responsibility (CSR), presenting it as a driving force behind improving living standards, advancing equity, and aiding in protecting the environment.

keywords:

corporate social responsibility, CSR, type of CSR, Positive Outcomes of CSR, criticism of CSR, company” and society.

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References:

1. Ali, I., Rehman, K.U., Yilmaz, A.K., Nazir, S and Ali, J.F. (2010). Effects of corporate
social responsibility on consumer retention in cellular industry of Pakistan, African Journal
of Business Management. Vol. 4(4), Pp. 475-485.

2. Arnold, M.F. (2010), “Competitive Advantage from CSR Programmes”, in: Louche, C.,
Idowu, S.O., Filho, W.L. (Eds.), Innovative CSR: From Risk Management to Value
Creation, Greenleaf Publishing Limited, Sheffield.

3. Arnold, M.F. (2010), “Competitive Advantage from CSR Programmes”, in:
Louche, C., idowu, S.o., Filho, W.L. (Eds.),
Innovative CSR: From Risk Management to Value Creation, Greenleaf Publishing
Limited, Sheffield.

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