CSR is an ethical framework that when used correctly and strategically, enables companies to develop innovative ways to create value and new ways of operations that may be more efficient in resource utilisation and will benefit the company in the long term; the key practice of staying ahead of competitors.

Question:

Using Deschamps's list of innovation governance models as a starting point, Discuss and analyse the above statement. Use relevant examples to underpin your argument. $(25$ marks$)$