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'Business is essentially, a social institution and not merely a profit making activity.' Explain.
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Question 1
CASE STUDY 2Today, amid a lingering recession that has dented corporate profits and intensified pressure from shareholders, companies are devising new CSR models. Rather than staffing a modest CSR department - and slapping it on the org chart as a small offshoot of the public relations (PR) or philanthropy division - many companies are instead trying to embed CSR into their operations because they have realized threat social interest and business interest are closely connected.Q.1 Quoting lines from the above passage clarify reality of social responsibility.
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| Question Text | 'Business is essentially, a social institution and not merely a profit making activity.' Explain. |
