Final answer:
Corporate social responsibility (CSR) can have a positive impact on the financial performance of an organization.
Step-by-step explanation:
Corporate social responsibility (CSR) refers to a company's efforts to contribute to society and operate in an ethical and sustainable manner. While the primary goal of CSR is not directly related to financial performance, there is evidence to suggest that it can have a positive impact on an organization's bottom line. In fact, several studies have found that companies that prioritize CSR tend to enjoy better financial performance over the long term. For example, a study conducted by Harvard Business School found that companies with strong CSR practices had higher stock prices and better profit margins compared to their peers.
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