On the macroeconomic side of things, if a company is acting in a socially responsible manner, the economy would become a focus of attraction for production factors and other resources. (Cochran, 2007) It is essential for companies to create economic value and be able to compete with its main competitors in the market in order for them to be responsible. A better understanding and respect for local communities enables companies to be more accepted within society. Political drivers are seen as motivators for firms implementing CSR plans because the state should be encouraging and offering incentives for such behavior. Practices should be aided through public policies, actions by the community and it’s people. In return CSR behavior should have a positive influence on the political side while choosing stronger promotion and support of responsible business activities. (Škare and Golja, 2014) The following is a list of economic obligations of
On the macroeconomic side of things, if a company is acting in a socially responsible manner, the economy would become a focus of attraction for production factors and other resources. (Cochran, 2007) It is essential for companies to create economic value and be able to compete with its main competitors in the market in order for them to be responsible. A better understanding and respect for local communities enables companies to be more accepted within society. Political drivers are seen as motivators for firms implementing CSR plans because the state should be encouraging and offering incentives for such behavior. Practices should be aided through public policies, actions by the community and it’s people. In return CSR behavior should have a positive influence on the political side while choosing stronger promotion and support of responsible business activities. (Škare and Golja, 2014) The following is a list of economic obligations of