As stated in our textbook, corporate social responsibility (CSR) is a business's concern for society's welfare. This is related to the best interests of the company and the company's relationship to the society based on how it is involved.
It is known that CSR can be a divisive issue. In other words, it means that they tend to cause disagreement or hostility between people. According to Friedman: "Business executives spend more money than necessary-to purchase delivery vehicles with hybrid engines, pay higher wages in developing countries, or even donate company funds to charity. They are spending shareholders' money to further their own agendas." This can cause an issue among people because they are not spending their own money for their needs. Some would argue that this is not fair and I agree because they are taking money out of someone else's pocket to accommodate their own needs.
But, on the other hand, CSR has an increasing amount of supporters based on several compelling factors. For example, it is simply the right thing to do. Some of them include pollution and poverty-level wages. It is known for their responsibility of business to right these wrongs. I believe that businesses should be given the chance to solve these problems because they have resources and they can help with that. "Business can provide a fair work environment, safe products, and informative advertising." I believe this to be true because they are capable of doing anything they set their mind to and also they can do anything with extra help and support.
CSR has four components: economic, legal, ethical, and philanthropic. Which responsibility do you think is right for the society? Do you think different businesses would act upon it?
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