Question

What is corporate social performance and how does this differ from traditional corporate performace?

Answer 1

Corporate social performance refers to the tenets, practices, and results of a company's interactions with individuals, groups, and the environment, including both the intentional and unforeseen effects of those interactions.

Why is corporate social performance important?

According to research, CSR enhances the value of the product, and customers are more likely to be motivated to increase the perceived value and degree of pleasure with the products provided by socially responsible businesses than by those that are not.

Corporate social responsibility is a related idea (CSP). Most of the time, CSP is a development of the idea of CSR that places an emphasis on actual results obtained rather than the generic idea of corporations' accountability or obligation to society. CSP follows naturally from CSR as a result.

A corporation engages in corporate social responsibility (CSR) when it goes above and beyond the law's requirement that it only pursue financial gain and takes measures that benefit society as a whole.

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