Corporate Social responsibility is just good public relations

2347 words 10 pages
Corporate Social Responsibility is just good public relations.
Corporate Social Responsibility is defined as a notion that shows accommodation of corporate behaviour to society’s values and expectations. However individuals and government bodies suggest similar yet so different opinions regarding corporate social responsibility like European Commission says “corporate social responsibility is a concept where companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis” (L.Hamilton ,P. Webster ,2009,The International Business Environment , Second Edition , Oxford University Press Inc.-US) and World Business Council for
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Milton Friedman supports Elaine Sternberg view by believing that “ the doctrine of social responsibility is fundamentally subversive ,there is one and only one social responsibility of a business and that is to use its resources and engage in activities designed to increase its profits so long as they engage in open and free competition without deception and fraud”(Jose Allouche ,2006, Corporate Social Responsibility ,Volume 1, CPI Anthony Rowe-UK).
However there are firms and governmental bodies who disagree with the previous view for example Confederation of British Industry believes that corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders on a voluntary basis ,for example u have firms providing tobacco ,alcohol and gambling which are goods and services that lead users gradually lose control over their consumption so it will generate in social and health

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