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Headlines
Nonprofit workers fill holes in the social safety net, but millions are financially insecure themselves | MSN, 10 sep 2024
Why Nonprofits Are Considering Device as a Service | BizTech, 10 sep 2024
Tackling food insecurity needs more than charity - governments must also act | NNSL, 10 sep 2024
Ten campaign automations charities need to implement | Charity Digital, 10 sep 2024
HOW CAN VOLUNTEERING IMPROVE YOUR HEALTH AND PROFESSIONAL SKILLS? | Central Michigan University, 09 sep 2024
The Most Charitable Countries in the World | Statista, 05 sep 2024
Boardable AI: Transforming Nonprofit Board Management with Integrated Intelligence | PR Newswire, 29 aug 2024
Grants for Nonprofits: How to Get Free Funding in 2024 | NerdWallet, 31 jul 2024
How are UAE Schools Teaching Entrepreneurship, and Why? | Which School Advisor, 25 jul 2024
Sustainable Impact Through Cross-Sector Partnership | SAP, 18 jul 2024
August 2021
Mohammad Anas Wahaj | 28 aug 2021
Corporate Social Responsibility (CSR) is becoming an essential tool for businesses to not only participate in a greater good but also differentiate themselves in a highly competitive business environment. Businesses can utilize CSR as a source of competitive advantage by strategically applying CSR in the communities they work. Companies with serious CSR planning and implementation signify that they operate in ethical and sustainable way and care for the environment and are sincere about their social impacts. Particularly for companies that work in developing world with poverty related challenges, CSR is a great tool to demonstrate that they care and contribute for a better world. Here are few points that represent the value of CSR for businesses in today's world - (1) Creates Greater Job Satisfaction: As per the study published in HBR in 2018, 9 out of 10 workers are willing to earn less income to do more meaningful work. Companies with strong CSR culture can increase employee satisfaction and can attract better employees. (2) Encourages Customer Loyalty: Customers are now more interested in how the companies operate with respect to society and environment. When customers find out about CSR aspects of a company they trust it more and would buy products from them. Millenials as customers are more inclined towards such aspects of companies before they buy products from them. (3) Makes Businesses More Sustainable: When companies apply more sustainable practices then their models become more sustainable too and they will reap the benefits in the long run. Read on...
South Coast Herald:
Why Corporate Social Responsibility is Essential for Businesses
Author:
NA
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