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How to argue against Corporate Social Responsibility?
My group in against corporate social responsibility. What are some great arguments for the con side? It is a debate.
4 Answers
- bizsmithyLv 51 decade agoFavorite Answer
Easy. The idea of CSR is that businesses need to address stakeholder concerns and behave in a "Socially Responsible" manner. First off, what is "socially responsible"? When can you say you've done enough? Who's social interests does a business manager focus on more? (there are an infinite number of things claiming responsible attention). The problem with CSR is that the assumption is that the other stakeholders in society aren't self interested as well. This is pure stupid. Customers, employees, government and suppliers are all extremely worried about maximizing their own returns (i.e. greedy), at the expense of the ownership of a company. CSR almost always excludes the ownership of the firm.
Milton Friedman is your best source of arguments. His point is that the primary responsibilty of a business is to increase shareholder wealth. His view is similar to you hiring someone to watch your house while you are on vacation. How would you appreciate the house sitter inviting homeless people to spend the weekend in your house and rummaging through your things? They may submit that it is a waste to leave a house empty while others have no place to live and the socially responsible thing to do is to let these poor souls use this resource (which happens to be yours). Even if the temporary residents don't cheapen your house, the responsibility of the house-sitter is to you, not the homeless. Friedman would say that if you wanted to help the homeless, you would do so yourself, you don't need someone to volunteer your assets for you. Besides, the house-sitter will get all of the glory for helping the homeless while you take all of the risks. This is the problem with CSR.
Pollution is another issue. If the community is unhappy with levels of pollution in their environment, one company cutting back puts that one company at a disadvantage to its competitors. It is also reducing the value that shareholders get. People may complain that shareholder's are greedy and make too much money, in which case you can remind them that if shareholders are getting rich, they themselves can buy stock in the company and get rich as well. You can even buy shares of evil Walmart and Exxon/Mobil and "get rich" too. You will find out that its not quite so great.
Good luck with this. There are elements of CSR worth thinking about. Unfortunately its weaknesses aren't being brought up since its so much more fun to talk about "being nice to everyone".
Source(s): Milton Friedman - read his stuff on maximizing shareholder wealth if you need more. - gataLv 44 years ago
In my humble opinion, there isn't any such element as "company social duty". The duty of a company is to make funds for its shareholders. The theory that a company has social duty feels like a thank you to melt the unfavorable impression of the shown fact that international huge, firms carry massive means by using irrelevant impression over government coverage. in case you only sever the link between government and company means, then there isn't any choose for any theory of "company social duty".
- hippie grandmaLv 51 decade ago
sorry you got the con side. geee! and sorry i have no idea just my two cents.