Corporate Social Responsibility (CSR) refers to a company's commitment to taking actions that benefit society beyond its core business activities and profit generation. It encompasses a wide range of initiatives aimed at environmental sustainability, ethical labor practices, community development, and philanthropy. By engaging in CSR activities, companies can build positive reputations, enhance employee morale, and contribute to the well-being of the communities in which they operate. How can a company strike a balance between maximizing profits for shareholders and fulfilling its CSR obligations to society and the environment?

Corporate Social Responsibility (CSR) refers to a company's commitment to taking actions that benefit society beyond its core business activities and profit generation. It encompasses a wide range of initiatives aimed at environmental sustainability, ethical labor practices, community development, and philanthropy. By engaging in CSR activities, companies can build positive reputations, enhance employee morale, and contribute to the well-being of the communities in which they operate. How can a company strike a balance between maximizing profits for shareholders and fulfilling its CSR obligations to society and the environment?