What are the main challenges in corporate social responsibility (CSR)?
Some key challenges in CSR include balancing profit with social impact, stakeholder engagement, and measuring effectiveness.
Can you elaborate on stakeholder engagement?
Sure! Stakeholder engagement involves communicating and collaborating with all parties affected by a company's actions, which can be complex.
What are some strategies to improve CSR efforts?
Strategies include setting clear goals, involving employees in CSR initiatives, and regularly reporting on progress to stakeholders.
How can companies measure the impact of their CSR initiatives?
Companies can use metrics like social return on investment (SROI), surveys, and community feedback to assess their CSR impact.
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