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Answers to questions week 3 homework for business foundations at George Mason Univeristy.
Typology: Assignments
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Choose two of the statements below: ● “Social responsibility is pure rhetoric because businesses are unable to accomplish social goals anyway.” ● “Social Responsibility is anti-business" ● “Corporate social responsibility harms a free society where business must serve a more general social interest of the majority and is a slippery slope towards collectivism" After choosing two statemetns from the above list: ● Take a position on whether you agree or disagree ● Present the logical rationale for your position (i.e. defend your position) ● Submit your written response through Blackboard by Friday September 13 at 11:55 p.m. Word count: at least 200 words per statement.
general social interest of the majority and is a slippery slope towards collectivism" raises important concerns. This claim suggests that CSR could negatively impact the principles of a free market, where the businesses would focus on their own interests and goals and not be pressured into social goals. The text “The Social Responsibility of Business is to Increase its Profits by Milton Friedman” points out that CSR can be used insincerely where business leaders promote social issues that might not align with thier businesses goals. This can lead to businesses starting to focus more on social issues than on making profit. In a free market, all interactions should be voluntary and mutually beneficial, without anyone being forced to follow social issues or needs. When a company engages in CSR that doesnt align with their main goals, it can mess up their market dynamics. For example, businesses might prioritize social issues over their own interests as a business. This can cause them to be less competitive or disrupt how the market functions. CSR could be seen as a threat to the free market because it may push businesses towards collective goals rather than letting the businesses focus on their own goals. Therefore, CSR might be a more collectivist approach, which can potentially harm the principles of a free society.
References The impact of corporate social responsibility on firm reputation and organizational citizenship behavior: The mediation of organic organizational cultures. (n.d.). NCBI. Retrieved September 10, 2024, from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9901298/