The proponents of corporate social responsibility have put forth arguments supporting the concept.Some of the reasons cited in favour of CSR are summarized as follows:i.
The proponents of corporate social responsibility have put forth arguments supporting the concept.Some of the reasons cited in favour of CSR are summarized as follows:i.Tags: School Satire EssaysColumbia Courseworks SignNote Cards Research PaperEssay Character Analysis Kill MockingbirdDescriptive Essay VeniceSmoking In Public EssayMy Stat Lab Homework AnswersComplex Processes EssaysEiseley Essay Loren
The management is not properly equipped and trained in handling social issues and activities: It would be better to leave social interests in the hands of people more skilled in social programmes such as teachers, social workers and so on.
Furthermore, management is so heavily involved in enormously imposing tasks of managerial functions that it will not be desirable to impose an additional task of social
Business is unavoidably involved in social issues: Managers are first and foremost citizens, in the same way as the individuals are.
As such they have the same responsibility as individual citizens to improve society as a whole.
Management must adopt such recycling policies that would eliminate or at least minimize the negative impact of such pollution and waste.
According to Jeremy Main, companies need to develop economically feasible ways to avoid contributing to acid rain, and global warming; to avoid depleting the ozone layer; and to develop alternative methods of handling sewage, hazardous wastes and so on.2.Keith Davis has summed up his views regarding managerial social responsibility as follows:“Society wants business as well as all other major institutions to assume significant social responsibility.Social responsibility has become the hall mark of mature, global civilization……….Some other areas of organizational social responsibility are:1.Environment: A critical area of social responsibility relates to natural environment.the business which vacillates or chooses not to enter the arena of social responsibility may find that it gradually will sink into consumer and public disfavor.”The major anti-CRS arguments are summarized as follows:i.The management is under moral and contractual commitment to the stock holders only: The primary duty of the management is to work for the shareholders who expect maximum returns on their investment.Businesses have the resources: The modern businesses command enormous wealth, huge wealth generating capacity, a rich stock of technical, financial and managerial resources and a pool of expertise that can solve many societal problems and provide leadership to society.v.Avoidance of excessive government regulations and interference: Laws cannot be passed for all circumstances and hence businesses must assume responsibility to maintain an orderly society.Just as there are some who overemphasize the importance of corporate social responsibility, there are others who criticize the concept and propose that any acts of social responsibility which would drain the profits of the corporation would be outside the realm of legitimate business functions and would defy the very purpose of the existence and objectives of the corporations.These critics view the economic and social objectives as contradictory to each other and as separate ends of a continuum.