Word Count : 1018

---

Corporate Social Responsibility (CSR) has emerged as a crucial concept in modern business practice, reflecting the idea that corporations have responsibilities beyond profit maximization, extending to social, environmental, and ethical dimensions. Over time, various theories have been developed to explain why businesses should engage in CSR and how they can integrate it effectively into their strategies. These theories provide frameworks for understanding the rationale, scope, and methods of corporate engagement in social responsibility. Among these, the primary theories include the Classical Theory, the Stakeholder Theory, the Social Contract Theory, the Legitimacy Theory, and the Triple Bottom Line approach. Each of these offers unique insights into the motivations and expectations surrounding corporate social behavior. The Classical Theory of CSR is rooted in the traditional economic view, most famously articulated by economist Milton Friedman. According to this perspective, the primary responsibility of a business is to its shareholders, and its main objective should be profit maximization within the boundaries of law and ethical custom. CSR, in this sense, is often viewed as secondary or even potentially detrimental if it diverts resources from shareholder returns. While this theory emphasizes financial performance and efficiency, it has been criticized for neglecting broader societal responsibilities and the potential benefits of ethical engagement in social and environmental initiatives. Contrasting with the Classical Theory, the Stakeholder Theory offers a broader and more inclusive understanding of CSR. Developed and popularized by R. Edward Freeman, this theory argues that corporations have responsibilities not only to shareholders but also to all stakeholders affected by the ____ _____ ________ ______ __________.
____ __________ ________ ______ ______ _________ _____ _____ _________ _________ _________ _________.
___ __________ _________ ____ _________ __________.
_____ _______ ____ _________ ___ __________ _____.
________ _______ _______ _________ _____ ___.
__________ _________ ____ _____ ________ _______ _________ ___ _______ ___.
______ ________ ____ _______ ____ _________ ____ _______.
_____ _______ ______ _________ ____.
___ __________ ______ __________ _____ ________ _________ ________ _________ _____.
______ _________ _______ _____ __________ ____ ____ __________ ____ ______ _______.
_____ ___ ________ _______ __________.
__________ _______ ____ ___ ________ __________ _____ _______ _____ __________.
____ _____ _______ ____ ________ ____ _____ _______ ______ _______ ___ _________.
____ _______ _______ ___ _________ _________ ___ _________ ________.
_____ __________ __________ ________ __________ ________ ______ _______ _______ _________ _______.
_________ _____ _________ ___ ______ ________ _________.
_______ ___ _______ __________ __________ ___ ________ _________ ___ ___.
____ _________ ____ _____ ____ _____ _____ _____.
____ _______ ________ __________ ____ ___.
_____ ______ ______ __________ _____ _____ _________ ___ _____ ________ _________.
____ ___ _________ ________ _______ _______ _______ __________ ____ __________ ____ ___.
__________ ______ __________ ____ __________ ________ _____ _______.
________ ___ _____ _________ _______ __________ _____ _______.
______ _________ _______ ___ ____ _______.
____ _______ _______ __________ _________ _______ _______ _________ _____ ______ _____.
_________ __________ ________ _______ _____.
______ ___ ______ ____ _______ __________ _______.
________ ________ _____ _________ __________ _________ ___ ____ ___ ______ ___.
_______ ______ _____ ______ ________ ____ ___ ________ __________ ______ _________.
________ _____ _________ _________ _______ __________ ______ ______ ______ _________ _____ ______.
______ ________ _____ ________ __________ __________ ______ ___.
___ ___ ____ _____ _________ ____.
____ ___ __________ ___ ________ _________ _______ ____ ______ _________ _________.
________ __________ ____ ______ _________.
____ _______ ________ ______ _____ ________.
_______ ________ _____ ______ _________ ___.
____ __________ _______ ___ ____ ____ ____ ___ _____ _________ __________.
___ __________ ___ ________ _______ _________.
___ ________ ____ __________ __________ ____ _________ _________.
___ ___ _____ _______ ____ ______ ___ _____ _________.
______ ____ _____ _______ ________ ______ _________ _____.
________ ___ __________ _________ _____ _____ _____ ________ _________ _______ ___.
____ ___ ___ _________ ____.
________ _________ ______ ________ ____ ________.
___ ______ ________ _____ _________ _______ _____.
_________ ___ ___ ____ ________ __________ ___ ________ ________ ____ _____ ____.
________ _______ ___ ________ ____ __________ ___.
______ ________ __________ ____ ____ ______ _______ ___ ________ _________.
___ ____ ____ ________ __________ ____ ____ ___ _____ _____ _________ ______.
__________ ____ __________ __________ _________ _________.
_________ ____ ____ _______ _____ ________.
_________ ___ _______ ______ _____ _____ ________ _______ _________ _________.
________ ______ _________ ______ ______ ________ ______.
_____ ____ ____ __________ ________ _______ ______.
______ ___ _______ _______ ________ _________ _____ __________ ______ _____.
_______ _________ _________ ______ ____ ______.
________ ___ ________ ______ _________ _______ ______ _____ _________ ___ ________.
______ __________ _______ ___ ______ _____ __________ ________ ____ ______ ___ __________.
________ ________ __________ _________ __________.
____ __________ __________ ____ _________ ______ ____ ___.
________ _______ ___ _______ _________ __________ _________ _______.
___ _____ _____ _______ ______ _________ ______ _____.
______ __________ ___ ___ ____ _____ _______ ____ _____ ____ __________ ________.
______ _______ __________ _______ _________ _____ _________ _____ _______.
__________ __________ _____ _____ ________ _______ _________ ____ ___ ____.
_______ _________ __________ ___ _____ ______.
___ _______ __________ _________ ________ __________ __________ _____ ____ ____ _____.
___ ________ _____ __________ ______ _____ ___ _______ _____.
_________ ___ __________ _______ ___ _______.
_______ ________ _______ ____ ________ ______ ___ ___ ________ ____ ___ ________.
_____ _________ _________ _________ _________ ______ __________ ________ _____ ________ ________.
__________ ______ ____ _______ _________ ___.
__________ __________ ______ ________ ______ _____ __________ ____ ______ _____.
_________ ___ __________ ___ ____.
__________ ____ _______ ____ _____ ___ _________ ____ __________.
__________ _____ _________ ____ __________ ____ __________ __________.
_____ _____ ___ __________ ___ ___ _____ ______ _______.
______ ____ ______ ______ _____ ____ ______ ______.
__________ ___ _________ ________ _______ _______ _____ _____ ____ ____ _________ _____.
__________ __________ _________ _____ _____ _______ ____ ____ _________.
_____ __________ _________ ____ _______ ________ ___ _______ _______.
_______ ___ ______ ___ ______ __________ ___ ________ _____ ______ ________ ________.
_______ __________ ______ _____ ___ ________ _____ __________ ________ ____ ____ _____.
_______ ______ _______ __________ ____ __________.
_________ ___ __________ __________ ______ _______ ______ ____ _______ _______.
_______ __________ _____ _______ ________.
_________ ____ _________ ______ ________.
______ _____ ________ _____ __________ ______ __________ _____ _______ ____ _________ ___.
_________ ______ _____ __________ _______ _________ ________ __________ _________ _______.
______ _____ ___.
Get Full Answer on WhatsApp