What are the criticisms of the social responsibility view please?

Question

anonymous · Answer

Yes! my notes will be useful :D

$\sf \text{Corporate social responsibility}$ is the duty of a company's management to work in the best interests of the society it relies on for its resources (human, material, and environmental), to advance the welfare of society, and to act as a good global citizen through its policies. 

$\sf  \text{Criticisms of CSR}$
*Costs money, detracts from profits
*Uses employees' time and energy
*Can distract customers from problems a company creates
*A company may act ethically in one country, but not in another

$\sf \text{Benefits of CSR}$
*Can be used as a marketing tool
*Dissuades governments from implementing regulations that could interfere with business
*Helps companies attract and retain excellent employees

~Fundamentals of International Business
Copyright. 2010 Thompson Educational Publishing, Inc

anonymous · Answer

If you questions about this, just ask me ^_^

roberts.spurs19 · Answer

Thank you so much!!! That explains it completely!!!