which of these is an argument in favor of corporate social responsibility? course hero

Which of the following is an argument in favor of corporate social responsibility?

Which of the following is an argument in favor of corporate social responsibility? Discourages government regulation. Which of the following companies is being the most socially responsible?

Which of the following is an argument against corporate social responsibility?

An argument against corporate social responsibility is that it imposes unequal costs among competitors. Corporate power refers to: The capability of corporations to influence government, the economy, and society, based on their organizational resources.

What is the most important argument for CSR?

CSR is an argument of economic self-interest for businesses. CSR adds value because it allows companies to reflect the needs and concerns of their various stakeholder groups. By doing so, the firm is more likely to create greater value and, as a result, retain the loyalty of those stakeholders.

What are the 4 main reasons to support corporate social responsibility?

4 benefits of corporate social responsibility.Increased employee satisfaction. The way a company treats its community says a lot about how a company treats its employees. ... Improved public image. ... Increased customer loyalty. ... Increased creativity.

What is an argument against social responsibility quizlet?

Arguments Against Social Responsibility. - purpose of business in US society is to generate profit for owners. - involvement in social programs gives business too much power. - potential for conflicts of interest. - business lacks expertise to manage social programs.

Which of the following is not an argument in favor of social responsibility?

Explanation: a) Better environment for business is an incorrect option because there is a little chance of success if it is to operate in a society of complicated problems.

What is the moral argument for corporate social responsibility?

CSR's moral argument derives from intrinsic motives namely moral rules and personal values. In fact, based on the Kantian moral philosophy and according to the moral perspective, CSR should be considered as end in itself and not a means to achieve economic or personal goals.

What are the reasons for corporate social responsibility?

Companies should embrace corporate social responsibility as a way to excel the following business practices.Customer engagement. Half of the point of CSR is to benefit the company and improve its reputation. ... Employee engagement. ... Brand differentiation. ... Long-term plans. ... Cutting costs. ... Innovation.

What are the advantages of corporate social responsibility?

The potential benefits of CSR to companies include:better brand recognition.positive business reputation.increased sales and customer loyalty.operational costs savings.better financial performance.greater ability to attract talent and retain staff.organisational growth.easier access to capital.

What are the benefits of corporate social responsibility for companies?

CSR increases employee engagement Engaged employees have a 17% increase in productivity, are 21% more profitable, and can have 41% lower absenteeism. Innovation also increases in an engaged workplace. Translating this into financials, disengaged employees cost businesses between $450 and $550 billion annually.