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Implications of CSR Strategy for Business Legal Compliance and Competitive Advantage

Authors: Fridayani, Fridayani; Ellitan, Lena;

Implications of CSR Strategy for Business Legal Compliance and Competitive Advantage

Abstract

Corporate Social Responsibility (CSR) is not only a social obligation, but can also be a business strategy that contributes to a company's competitive advantage. This article examines how a Dynamic Capability-based CSR approach can improve business legal compliance and strengthen a company's competitiveness. Using a qualitative method based on literature studies, this study reveals that integrating CSR into a company's dynamic capabilities allows for rapid adaptation to changes in the external environment, improves reputation, and strengthens relationships with stakeholders. In addition, implementing CSR that is in line with Dynamic Capability helps companies not only comply with business legal regulations but also anticipate legal risks and create long-term value for stakeholders.

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    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average