Evaluation Of The Relationship Between Social Involvement And Economic Performance
Businesses engaged in social involvement incur costs as a result of their activities, so it is only natural to determine if there is a financial justification for the investment, beyond the moral and ethical. Though many studies have been conducted, the only conclusion defined as “meaningful” by our textbook is that there is little evidence that a business’s social involvement is detrimental to its long term economic performance. Some businesses do engage in socially responsible activities based on the reasoning that acting in a socially irresponsible manner can create significant business risks, such a liability and the potential for legislative intervention.
The majority of studies conducted about the relationship between social involvement and economic performance did show a positive relationship between the two, meaning that social involvement had a positive effect on a company’s economic performance. However our textbook also indicates that no general conclusion can......
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Approximate Word Count: 492
Approximate Pages: 2 (250 words per double-spaced page)
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