Social Responsibility: The Good, the Bad, and the Ugly
In Timothy Devinney's article, Is
The Socially Responsible Corporation A Myth? The Good, The Bad, And The Ugly Of
Corporate Social Responsibility, Devinney presents several arguments as to why social responsibility is not as good as it seems. He argues that businesses exist to "generate economic returns, not to solve societal problems."
Main Claim: Social Responsibility is not as clear-cut as a business doing the right thing. Plenty of businesses put on a miscleading facade.
|
|
|
Rebuttal
Not every business needs to have money first and everything else secondary. Plenty of successful businesses such as Starbucks or Timberland use the Triple Bottom Line in which social and environmental impact are of equal importance as financials.
|
There will always be people or organizations that abuse power or reputation to get what they want. The solution is not to stop CSR practices, but to make sure businesses are being socially responsible for the right reasons.
|
Any regulations that come about that will cause corporations to go out of business should be at least partially subsidized by the organization that enacted them.
|
Source: Devinney, Timothy M. "Is The Socially Responsible Corporation A Myth? The Good, The Bad, And The Ugly Of Corporate Social Responsibility." Academy Of Management Perspectives 23.2 (2009): 44-56. Business Source Complete. Web. 17 Apr. 2014.