CSR: ARGUMENTS, PHASES, STAGES

• 1. Business resources

  • Use resources to improve societal and environmental conditions.
• 1. Viability of businesses

  • Revoke business if it fails to meet social expectations.
• 1. Good public image

  • Participation with charitable projects enhances reputation.
• 1. Profits from social problems

  • Business can turn problems into profits through creativity.
• 1. Lack of social skills

  • The ability of business leaders are only focused to economies.
• 1. Profit maximization

  • Concern on profit, not on society.
• 1. Lack of social accountability

  • It should be government to solve the problem, not the businessman.
• 1. Higher product cost

  • Participation of business to social activities only adds cost to the company.