What Challenges Do Leaders Face in Corporate Responsibility?
Leaders often face several challenges when implementing corporate responsibility: 1. Resource Allocation: Balancing the need for profitability with investments in social and environmental initiatives. 2. Stakeholder Conflicts: Navigating conflicting interests among different stakeholders. 3. Measurement and Reporting: Developing effective metrics to measure and report on corporate responsibility efforts. 4. Regulatory Compliance: Keeping up with changing laws and regulations related to corporate responsibility.