Corporate social responsibility has many advantages, such as company can have better recognition, positive business reputation, or let company can have better financial performance, i.e: operational costs savings, increased sales. Moreover, it can also increased customer loyalty, attract talent and retain staff.

If we look at Business reputation, CSR can help company to built an image as responsible, and this can lead to competitive advantages. In terms of Costs saving, when company reducing resources use, it helps the environment and save the money, in other words, it lower company's utility bills and achieve saving for it. Lastly, Retain staff, when company being responsible, employees might be motivated to stay longer, or it might be easier to find a new staff, which means it reducing the costs and distribution of recruitment and retraining.

Test: #6 Ethic & CSR