CSR advantages & disadvantages
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Advantage
Organisations find a way to make changes in services to deliver benefits for the community
Advantage
Creates opportunities and alliances, strengthens ties
Advantage
Encourages businesses to act ethically
Advantage
Enhances relationship between clients, builds trust
Disadvantage
Forgets obligations to shareholders
Disadvantage
Increase in expenditure and costs
Disadvantage
May be forced to increase prices
Disadvantage
Shifts the focus of the company from objectives such as making profits
Disadvantage
Uses up funds for community welfare