Was Friedman Right? Moving Towards Strategic CSR Agenda

Maria Roszkowska-Menkes ()
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Maria Roszkowska-Menkes: Warsaw School of Economics

Chapter Chapter 5 in The Dynamics of Corporate Social Responsibility, 2017, pp 71-89 from Springer

Abstract: Abstract The business of business is business. This statement describes what businesses do quite well, although in a very simplified fashion, which was Milton Friedman’s standpoint on the purpose of firm’s existence. Being a management scholar it is hard not to agree with it, even if you are not a radical liberal. For decades, however, corporate social responsibility (CSR), one of the oldest and most controversial concepts in management science, has been held in opposition to profit-making goals and shareholder wealth creation. Basing on a critical analysis of literature on CSR the goal of this paper is to add further insight into the debate on the strategic role of the concept in today’s companies.

Keywords: CSRCorporate Social Responsibility; Corporate Social Performance; Corporate Citizenship; Corporate Sustainability; Triple Bottom Line (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-39089-5_5

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DOI: 10.1007/978-3-319-39089-5_5

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