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Social Responsibility vs. Profit

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If it is true that business is a profit making enterprise, then how do we weigh the cost of non-core responsibilities, such as those termed "corporate social responsibility," with the loss of profit that those activities entail?

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Solution Summary

269 words with 2 references on how to weigh the cost of corporate social responsibility against loss of profit.

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Corporate social responsibility (CSR) is not necessarily a business concept but is a factor for a company's decision to invest in responsible business initiatives. Organizations are motivated to include CSR in their operations for many reasons like being good citizens, trying to impress stakeholders, attempts to retain employees, to drive the consumer to purchase products or services, or to avoid being the target of regulations. The identification of costs and ...

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  • MBA, Grantham University
  • BSc, Grantham University
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