Question
In the modern business environment, the concept of
Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This concept is grounded in a theoretical framework that emphasizes the importance of considering the interests and impacts on various parties associated with or affected by a company’s operations. Understanding the foundational theory behind CSR is essential for comprehending how and why companies integrate social, environmental, and ethical concerns into their business processes. The concept of Corporate Social Responsibility (CSR) is based on which of the following theory?Solution
The concept of Corporate Social Responsibility (CSR) is based on the Stakeholder Theory. Edward Freeman defines a stakeholder in an organization as any group or individual who can affect or is affected by the achievement of the organization’s objectives. This includes, but is not limited to, shareholders, customers, employees, suppliers, the community, the environment, and society at large. The Stakeholder Theory underpins CSR by advocating that companies have a responsibility to consider the impacts of their decisions on all these groups, thus integrating social, environmental, and ethical concerns into their business processes beyond their legal obligations.
 Who has assumed the position of District Judge of the Southern District of New York?
What is the target number of people to be trained under the Samarth (Scheme for Capacity Building in Textiles Sector) scheme by March 2026?
What is the primary aim of the National Landslide Forecasting Centre (NLFC) inaugurated by Union Minister G. Kishan Reddy?
Which two food innovations were transferred to companies during SUFALAM 2025?
What new policy did the Haryana government introduce for the OBC-B category, and what is the revised income ceiling for the creamy layer of OBCs?
Hun-Thadou cultural festival is an annual cultural festival and a civilizing act of the Thadous community  and is celebrated at the arrival of the n...
Which agency was recently established by the Yogi Adityanath government in Uttar Pradesh to advance urban road infrastructure development in the state?
When was the PM E-DRIVE scheme officially launched?
Venezuela and which country recently signed a 20-year cooperation agreement to expand ties in the oil and petrochemical industries, the military and the...
_________ has been selected to transform IoT solutions provider Lexmark’s enterprise applications, cloud journey and innovation program & is movin...