Corporate Social Responsibilities

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Johnson & Wales University

ScholarsArchive@JWU
MBA Student Scholarship

The Alan Shawn Feinstein Graduate School

5-2-2012

Corporate Social Responsibility: Fallacies and
Flaws
Christina Blundin
Johnson & Wales University - Providence, CLB630@jwu.edu

Follow this and additional works at: http://scholarsarchive.jwu.edu/mba_student Part of the Business Administration, Management, and Operations Commons, Business and Corporate Communications Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, and the Finance and Financial Management Commons Repository Citation

Blundin, Christina, "Corporate Social Responsibility: Fallacies and Flaws" (2012). MBA Student Scholarship. Paper 7. http://scholarsarchive.jwu.edu/mba_student/7

This Research Paper is brought to you for free and open access by the The Alan Shawn Feinstein Graduate School at ScholarsArchive@JWU. It has been accepted for inclusion in MBA Student Scholarship by an authorized administrator of ScholarsArchive@JWU. For more information, please contact egearing@jwu.edu.

Running Head: CORPORATE SOCIAL RESPONSIBILITY: FALLACIES AND FLAWS

Feinstein Graduate School

CORPORATE SOCIAL RESPONSIBILITY:
FALLACIES AND FLAWS
A Research Project Submitted in Partial
Fulfillment of the Requirements for the MBA Degree
Course: Ethics and Corporate Social Responsibility MGMT 5900

Christina Blundin

May 2, 2012

CORPORATE SOCIAL RESPONSIBILITY: FALLACIES AND FLAWS

i

TABLE OF CONTENTS

Page
History of Corporate Social Responsibility ............................................................................. 1-2 The Ethical Dilemma of Corporate Social Responsibility...................................................... 2-3 Is it Wrong to Make a Profit From Corporate Social Responsibility? ................................. 3-5 Implications of Corporate Social Responsibility .........................................................................5 Disingenuous Acts and Advertising.......................................................................................... 5-7 Untoward Consequences of Corporate Social Responsibility on Business ........................... 7-8 Untoward Consequences of Corporate Social Responsibility on Society ........................... 8-11 A New Term and Standard For Business and Society: ISRP ............................................ 11-12 References ............................................................................................................................... 13-15

CORPORATE SOCIAL RESPONSIBILITY: FALLACIES AND FLAWS

1

Over time, the ideals of business and society have become discordant from one another. When exactly this occurred is not as important as the effects it has had. When society began asking more from business, it voiced its concerns over companies solely existing to create profits, as well as their lack of responsibility to society. Consequently, businesses were coerced into performing acts of Corporate Social Responsibility (CSR), and philanthropy, to justify the profits they receive. However, in the pursuit of CSR, both business and society got short changed. They misconstrued the tenants of CSR. Each thought that it was the answer to their problems.

Through an examination of the relationships between companies and CSR, several flaws can be indentified. For instance, organizations, in order to remain competitive, are forced to adopt CSR acts and policies to their business strategies. This may not be entirely consistent with the tenants of social responsibility. Forcing a company to do good may make the act itself disingenuous. In the same manner, it becomes wrong for a business to make a profit off its efforts of CSR. Additionally, in an effort not to waste time, businesses are quick to adopt CSR and may fail to consider the responsibilities and ramifications that come with their new acts. Lastly, this paper will attempt to put...
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