question archive Please give example of why company should not care about coporate social responsibility and give real statistics how company run out of money because of giving back to the community

Please give example of why company should not care about coporate social responsibility and give real statistics how company run out of money because of giving back to the community

Subject:BusinessPrice:9.82 Bought3

Please give example of why company should not care about coporate social responsibility and give real statistics how company run out of money because of giving back to the community.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Corporate social responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations.

Step-by-step explanation

Corporate social responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations.

Company should not care about corporate social responsibility and give real statistics how company run out of money because of giving back to the community due to  following reasons.
1 .Lead to dilution of economic goals as they have to compromise economic goals and business aims to maximize profits.

 

2 .Over loading responsibility

They serve society by providing goods and services, generating employment, developing technology , as by doing that they are overburdened.
 

3 .Tampering it with social responsibility would make the decision-making process quite complex and controversial.

 

4. Burden on Consumers

If business engage in CSR it will increase cost , which will be passed on to consumers in the form of higher prices or will have to be borne by owner.

 

5.Businesses are owned by their shareholders - money spent on CSR by managers is theft of the rightful property of the owners. 

 

6 .It's the responsibility of the government to deal with social benefit and issues  not business .


7 .Consumers do not consistently factor sustainability into their purchase decisions .