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The Corporate Social Responsibility Debate
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| Words: 2876
| Submitted: Sat Jun 09 2007
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Critically evaluate the arguments for Corporate Social Responsibility and isolate whether you think it is a sensible business strategy. The debate over business's role in society is based around two opposing arguments. On one side, it is argued that social issues are peripheral to corporate agenda. This perspective maintains that corporations and society pursue different goals, and that the objectives of one can only be achieved at the expense of the other. Companies are profit maximisers, and the sole purpose of business is to generate shareholder value. On the other hand, social responsibility proposes the contrary; companies which participate in activities that positively contribute to society will see the benefits to their reputation and subsequently their bottom line. In other words, there is an implicit social contract between business and society, with responsibilities, opportunities and mutual advantages. This essay will critically evaluate the supporting and opposing arguments surrounding the Corporate Social...
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