Corporate social responsibility: a stages framework

This article speculates whether British companies evolved more effective systems, practices, and procedures for implementing corporate social responsibility (CSR) and environmental policies within the period 1994-2004. It is found out that CSR and environmental issues have become increasingly significant in large companies. This is because corporate image and reputation are often factors in the equation leading to competitive success. Benefits may not always be readily quantifiable, but the costs of reputational loss can be dramatic.

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