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5 January, 05:15

The [blank] view of CSR approaches business decisions with understanding that economic gains and social progress are interconnected

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  1. 5 January, 08:12
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    Socio economic view

    Explanation:

    The socio economic view relates to viewing organizational decisions in the light of their both social and economic consequences.

    The concept of corporate social responsibility relates to discharge of those social obligations which an enterprise owes to it's various stakeholders.

    A business operates within social bounds and thus it becomes indispensable for a business to contribute to social good which could be in the form of amenities, providing better sanitation facilities or better infrastructure.

    As per the socio - economic view, economic gains which represent economic profits and social gains as a measure of social betterment, both are inter related and a corporation must not view them as separate.
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