Essay on Relationships Between Productivity, Reputation, and Strategy
Businesses seek to maximize productivity because it increases efficiency, motivates employees, and can help firms compete on the strategic elements of time, cost, and quality.
Productivity has been shown to be positively correlated with reputation such that firms with good reputations tend to have higher productivity. Reputation can be improved through corporate social responsibility initiatives that seek to enhance social and environmental wellbeing.
Improved reputation can provide a sustainable competitive advantage and increase the perceived quality of a firm’s goods or services.
In the business world, it is well …show more content…
Corporate Social Responsibility and Reputation
Corporate Social Responsibility is the philosophy that businesses should operate in accordance with not only legal, but also ethical and social standards in regards to the community and the environment. CSR is often associated with sustainability efforts and includes an