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Essay / Research Paper Abstract
This 10 page paper looks at the use of corporate social responsibility (CSR) policies and considers whether they are always in the interests of business and society. Different approaches to corporate social responsibility are discussed from the perspective of businesses and from the perspective of society as a whole in order to assess if, when and how CSR can be beneficial. The bibliography cites 10 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TECSResp.rtf
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Unformatted sample text from the term paper:
good business, even Friedman, proponent of the shareholder wealth maximisation model, accepted that social considerations could be good to business where they were necessary to enhance revenues to gain acceptance
the continued operations. There are a number of companies who have found that corporate social responsibility has been a path to a competitive advantage, helping differentiate themselves from others and
create a more positive image (Porter and Kramer, 2006). Some companies were failed to adapt and adopt corporate social responsibility policies have suffered, as seen with companies such as Nike
and Nestle who suffer financially as a result of a poor public image following publicity of questionable ethical practices (Zadak, 2004). Therefore, the adoption, or the appearance of
the adoption, of some corporate social responsibility policies may be possible to lead to a competitive advantage, or a more sustainable position in terms of the competitive environment making it
a commonsense approach (Basu and Palazzo, 2008). In many instances corporate social responsibility can also be good for society as a whole, such as improving the environment and benefiting communities.
However, it may be argued that not all aspects of corporate social responsibility may be good business, if they do not help the company increased sales, reduce costs, or
improved profits then there is a potential argument that corporate social responsibility policies are failing to benefit the company, taking a potential resources without the creation of return. If the
first duty of a business is to its shareholders, shinning that it is operating within legally and socially accepted boundaries, to breach these could be seen as a breach of
shareholder trust. Conversely, could be argued that as commercial and prices can exercise a great deal of influence it should be their
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