Evaluate the likelihood of traditional corporations using social responsibility as an effective competitive strategy.

Evaluate the likelihood of traditional corporations using social responsibility as an effective competitive strategy. Specify at least one way that a company with which you are familiar can use (or has used) social responsibility as a competitive strategy in the marketing of its products / services, supply chain, charitable activities, strategic investments, or operations. Imagine a company’s profits decrease and the rank-and-file workers’ salaries are frozen. Take a position on whether or not the CEO has an ethical obligation to forego compensation. Support your response. Note: In formulating your response, consider the CEO’s stature as a leader.