Cons Of Corporate Social Responsibility

Great Essays
By engaging in misleading CSR practices, companies can obviate the need for government regulation. Several corporations tend to engage in unethical behavior such as child labor, polluting the environment, or exploiting third world countries. Because of the increasing amount of socially aware consumers, companies can no longer partake in such nefarious activity. A variety of corporations would rather continue the dirty work they are doing because it is cheaper and more beneficial for their self-interest. In order to keep doing whatever they already do, companies use corporate social responsibility as a marketing strategy to fool the government. “Companies argue that setting minimum standards stops innovation,” the author explains, “that you …show more content…
According to the author of “Why Companies Can No Longer Afford to Ignore their Social Responsibilities,” “70% of young Millennials, those ages 18 to 26, say a company’s commitment to the community has an influence on their decision to work there” (68). This furthers the argument of how CSR can allow people to truly do something they enjoy and can let employees/consumers positively impact society. Employees and the audience of a company can feel good about themselves if they support companies who promote good for the community. However, it is evident that corporate social responsibility is mostly used to help provide advantages to the company rather than to actually help the people. A company’s self interest is always prioritized. CSR is only used as a way to make consumers believe that they are helping society. The final accomplishment businesses wish to complete is a big bottom line. Additionally, companies don’t really help out communities, they only pretend to. By using intelligent marketing strategies and launching very inefficient campaigns, consumers can be easily fooled and fail to analyze a company’s true motives. In “What’s Wrong with Corporate Social Responsibility?: The Arguments against CSR,” the author remarks that, “Since few customers closely scrutinize a company’s ethical claims, …show more content…
It is crucial to understand the way CSR works and how it is only an approach to make money. For years, the people have been deceived and they do not even realize that they are preyed upon by big corporations who are in the pursuit of profit. Consumers live in a capitalistic country where businesses dominate the economy and play the government like monopoly. People can no longer afford to ignore the real intentions that companies have because they are being unfairly taken advantage of and are only lead to believe that they are helping. Once people understand the importance of the scam that CSR is, companies can no longer harm the environment or the community. If consumers do not comprehend the relevance of stopping CSR, then people will continue to be exploited, the environment will be critically endangered, and the rest of the world will fall under the influence of

Related Documents

  • Improved Essays

    Many large companies, such as Coco-Cola, have taken initiatives ensure their products are sustainable and not damaging to all customers, and even support charities that further their CSR goals, such as supporting protection of local water sources in the Mediterranean (Sepers). Companies have just as much of a responsibility do their part in the global community, and as humans who work in and support businesses, it is our duty as well to act consciously. As consumers and members of society, we need to take our role as a global citizen seriously. It is not to say that one should completely abandon the characteristics that make up our identity- our culture or ethnicities or political beliefs, but that in addition to this identity, we should be aware of an additional responsibility to our global neighbors. Besides trying to support companies that act responsibly, we also have an obligation to act our concerns as to what will affect to our planet as a whole, and to fight for values that affect our neighbors in Europe, Asia, and Africa just as they affect the local inter-cities of our country.…

    • 1005 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    UNICEF vs. Whole Foods Market Almost every new and existing company has some sort of program set in place that lists out its corporate social responsibility and ethics model. Some companies push their ideas out into the public in order to spread their name in a way that allows consumers to feel good about their choice to do business with that company, such as partnering with other big brands to have massive promotions to raise either money or goods for a worthy cause. Others are more subtle about their influence in their communities, and like to keep their community involvement in the background, such as sponsoring a local sports team or giving a large donation to their local food bank. Yet another type of business is one that is founded…

    • 1554 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Company Q Stakeholders

    • 1376 Words
    • 6 Pages

    Identifying Stakeholders I think it’s important to identify who is being affected by Company Q’s current attitude toward social responsibility or Company Q’s lack of social responsibility. These groups are composed of primary stakeholders and secondary stakeholders. Primary stakeholders for company Q would be its employees, customers, investors, shareholders, governments, and communities that provide necessary infrastructure which are crucial to company’s Q’s survival. (Ferrell, Fraedrich, & Ferrell, 2009).…

    • 1376 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Corporate Social Responsibility (CSR) is a concept integrated in an economic model that focuses in the obligation that a company carries with society. A socially responsible company should be able to reduce its negative impact on society while increasing its positive effects on it. One possible way to categorized these responsibilities and see them graphically, is by using the Pyramid of global CSR and performance. The base of the pyramid and possibly one of the most important aspects in a healthy economic responsibility policy, states that the economic responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. For example, multibillion dollar tech-giant Google,…

    • 645 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    CSR claims embedded in BHP's vision and strategic document It claims that the sole real reason for business is to make shareholder value. Advocates of this perspective trust that any contention recommending an organization ought to mitigate its social effect is unessential. The conviction that a company's sole explanation behind presence is to expand its wealth was strongly elucidated in the 1970s and there is only one social obligation of business is to utilize its assets and take part in exercises intended to expand its profits'. However, the perspective that has greater traction in the twenty-first century is that the relationship between business and society is a verifiable social contract.…

    • 536 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    In the article, “New Cone Communications Research Confirms Millennials as America 's most Ardent CSR Supporters, but Marked Differences Revealed among this Diverse Generation,” the author writes about the millennial generation’s influence on businesses. The article tells that millennials are very involved in corporate social responsibility efforts and many of them would change company brands if that brand is associated with a cause. According to the article, millennials are more willing to purchase products with a cause, tell about corporate social responsibility efforts, voice opinions about certain companies, and volunteer for a cause that is supported by a company that they trust, against the American average. Millennials are willing to sacrifice for causes the support, which effects businesses, the article informs. This is all true.…

    • 1097 Words
    • 5 Pages
    Great Essays
  • Great Essays

    Carlson Company Case Study

    • 1054 Words
    • 5 Pages

    CSR is defined that “a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect, their environment (Lawrence and Weber, 2008, 48).” The company can follow two different theories. The Ownership Theory is defined as “the firm is the property of the owners; the purpose is to maximize market value in the long term and make money for owners” (Lawrence and Weber, 2008, 6). The Stakeholder Theory is defined as “corporation serves a higher purpose- to provide value to society”…

    • 1054 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Social responsibility is a heavily disputed topic in the world of business and economics. John Mackey, co-founder of Whole Foods Market, claims that a business has multiple social responsibilities to each of its shareholders. He includes customers, employers, investors, and the community as part of the business’ stakeholders and claims that in fulfilling the needs of each group, the company must be mindful of the values of the other groups. On the other hand, Milton Friedman claims that there is no social responsibility of business, and that social responsibility falls on the government instead. Lastly, there is T.J. Rodgers who leans towards the arguments made by Friedman and objects against Mackey’s philosophy of altruism ahead of individual…

    • 1021 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Environmental Sustainability of Nike, Inc. John Pisacreta, Will Roberts, and Michael Thomson Clark University Author Note This paper was prepared for Management 170: Managerial Communications for the fall Semester of 2015. Environmental Sustainability of Nike, Inc. Nike’s Reputation…

    • 1376 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    Recently, scholars and managers have devoted great attention to corporate social responsibility(CSR). Consistent with McWilliams and Siegel(2001), we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good, beyond the interests of the firm and that which is required by law’. On Wikipedia, corporate social responsibility(CSR) is defined as a form of corporate self-regulation integrated into a business model. Corporate social responsibility(CSR) policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. Corporates intend to build up reputations…

    • 991 Words
    • 4 Pages
    Superior Essays
  • Great Essays

    Despite the growing literature, CSR’s complex nature has resulted in a lack of a single definition; however, “at the core of CSR is the idea that it reflects the social imperatives and the social consequences of business success” (Matten p.405). Carroll states that CSR firms should, “strive to make a profit, obey the law, be ethical, and be a good corporate citizen” (Carroll 1991, p.43). For firms to be able to address and support societal needs they must have the monetary resources to put forth action plans; in another view, a profitable business aids society by contributing to the economy. Firms obeying the law ensures that they are abiding by the laws established to help protect the greater good, therefore, helping to keep societal order. On the other hand, an ethical corporation, abides by moral/ethical laws which makes certain that all business decisions are consistent with societal norms and are not likely to harm the community at large.…

    • 1417 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Introduction and Background Organisations’ management strategies and practices affecting environmental, ethical, social and global aspects have evolved significantly and the responsibilities of an organisation to society are those that arise in the concept of Corporate Social Responsibilities (CSR). CSR can be defined as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour (ACCSR, 2016). Though CSR is not compulsory, it is expected and issuing regular CSR reports detailing social and environmental performance is considered best practice (Carroll 2004, 116). HSBC was established in 1865 and its named derived from founding member, The Hong Kong and Shanghai Banking Corporation Limited. HSBC is one of the largest Banking and Financial Institutions in the world, operating in 71 countries across the globe and crossing multiple jurisdictions (HSBC Group 2016).…

    • 1463 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Corporate social responsibility (CSR), is defined as a corporations initiatives to assess and take responsibility for the company effects on environment and social wellbeing. This definition has many key aspects to it which is expected by the society…

    • 1351 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    CSR-Sony -Tanima FY-A Corporate Social Responsibility (CSR), also known as corporate conscience is a concept related to the activities that are performed by a company to integrate social and environmental responsibility into their operations. It is a business model where companies attempt to work in a sustainable manner in compliance with international laws and ethics. Many companies have a CSR Policy, which defines areas of concern and initiatives to improve relations with the people and environments affected by business operations. “Our strategic philanthropy and corporate social responsibility (CSR) efforts are aligned to our key businesses and focus on three distinct areas: arts and culture, technology and the environment, with a particular…

    • 1128 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    INTRODUCTION Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business – Niall Fitzerald, Former CEO, Unilever. The current century is impacted by unpredictable challenges and opportunities, arising due to globalization. So it is recognized the world over business integrating their social, environmental and ethical responsibilities into the governance by the way of strategically formulating the CSR activities for ensuring their long term success, competitiveness and sustainability.…

    • 1756 Words
    • 8 Pages
    Great Essays