Corporate Social Responsibility: The Narrow Vs the Broad Scope Debate

Question 1

Narrow scope

Answer 1

Narrow scope
companies should focus on profit motivation

Question 2

Narrow scope argument 1

Answer 2

Friedman
- only SR of corp is to create profit
Diverting motives from profit decreases efficiency in market
Only SR way to make money is within the rules of the game
Private enterprise should not have to take part as job of government

Question 3

Narrow scope 2

Answer 3

Stone
- said CRS is not feasible for 4 reasons
The promissory argument = manager have responsibility to seek what owner wants (profit)
The Agent argument = executives are agents of the shareholders and are responsible for fulfilling their wishes
The role argument = people have obligations based on thier role
The polestar argument = management is pursuing profits because doing so based on environment we are in

Question 4

Broader view of CSR

Answer 4

is refraining from socially undesirable behaviour and contributing active to the public good
Corp have addiotnly responsibilities as have more economic power
Need to take responsibilities for unintended side affects they cause
Fudicary responsibility to stakeholder to treat them as means and give them voice in future decisions

Question 5

broad view 1

Answer 5

Arrow broad view
CSR and economics go together and can positively impact business
Gives moral code like DR

Question 6

Borad view 2

Answer 6

French
- -corp are able to make rational and morally conscious decision so should be morally blameworthy for actions