ENTREPRENEURSHIP

Detailed explanation-1: -increased sales and customer loyalty. operational costs savings. better financial performance. greater ability to attract talent and retain staff.

Detailed explanation-2: -Not only does corporate social responsibility encourage a higher caliber of job applicant, but it can also encourage employees to become more engaged and invested in their work. CSR can improve employee retention rates, boost morale, build loyalty and increase motivation.

Detailed explanation-3: -Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment. CSR helps both improve various aspects of society as well as promote a positive brand image of companies.

Detailed explanation-4: -Doing well by doing good-realizing the responsibility to give back to society-is a guiding principle and strategic plan of both progressive startups around the world and established businesses such as Starbucks, Land’s End, Ben and Jerry’s, and Whole Foods.

Detailed explanation-5: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.