Study after study has shown that socially responsible businesses (aka social enterprises) not only provide sustainable business models, but also have improved marketing, employee recruitment, employee satisfaction, legal treatment, customer loyalty, brand perception, and richer partnerships. Arguments for & against corporate social responsibility by mackenzie maxwell - updated june 25, 2018 corporate social responsibility, which is often called csr, is a business term that refers to the actions a for-profit business takes to improve the lives of people within a community.
Two arguments against corporate social responsibility 1 business managers being held responsible for both reaching profit objectives and enhancing the welfare of society can cause a conflict of interest that could potentially cause the demise of the business.
Arguments against corporate social responsibility (csr) some of the most commonly heard arguments against csr you will hear include: businesses are owned by their shareholders - money spent on csr by managers is theft of the rightful property of the owners.
5 reasons why social responsibility matters in business businesses and economic systems are bending under the expectations and obligations to be socially responsible on a global level, governments and private corporations must be more and more accountable for their impact on the environment, and for who they help or hurt.
What measures social responsibility and to what extent should a business enterprise be engaged in it, what amount of resources should be committed to the social values, whose interest should hold priority over others (shareholders should be preferred over suppliers or vice versa) and numerous other questions are open to subjective.