Corporate Social Responsibility and Stakeholder Management: A Social Science Approach

Abstract

Corporate Social Responsibility (CSR) has become a cornerstone in modern business strategy, emphasizing the importance of ethical, social, and environmental considerations alongside financial performance. This paper adopts a social science approach to explore the intricate relationship between CSR and stakeholder management. Drawing on theoretical frameworks from sociology, psychology, and organizational behavior, the paper examines how corporations navigate the complex network of stakeholders and address their diverse interests and expectations. By synthesizing empirical evidence and theoretical insights, the paper offers a comprehensive understanding of the dynamics between CSR initiatives and stakeholder engagement. Ultimately, it advocates for a holistic approach that integrates social science perspectives into corporate decision-making processes to enhance sustainable business practices and societal well-being.