Weaving a Stronger Fabric: Corporate Social Responsibility and its Impact on Stakeholder Relations

Abstract

Contemporary capitalism faces a reckoning. The traditional model, prioritizing shareholder primacy, is increasingly challenged by calls for a more holistic approach, one that integrates corporate social responsibility (CSR) into the very fabric of organizational decision-making. This article delves into the intricate relationship between CSR and stakeholder relations, analyzing theoretical frameworks, examining empirical evidence across diverse industries, and exploring practical strategies for navigating the evolving landscape of stakeholder expectations. By illuminating the positive impact of CSR on stakeholder engagement, trust, and long-term value creation, this article aims to equip businesses with the knowledge and tools necessary to cultivate meaningful partnerships.