Influential scholars such as Milton Friedman,Charles Handy,Michael Porter and CK Prahalad:
A)Agree that CSR is an essential "moral imperative"
B)Have fundamental disagreements about the justification for CSR
C)Believe that the capitalist system would operate better if all firms adopted CSR
D)Regard most firms' CSR initiatives as primarily exercises in public relations

Question

Quizplus · Accepted Answer

While each of these scholars has discussed CSR, they do not all agree on its justification or necessity. Milton Friedman famously argued that a corporation's only social responsibility is to maximize profits for its shareholders, and any other activity is a misuse of resources. Charles Handy has also suggested that the primary responsibility of a corporation is to its shareholders, but believes that there is an ethical obligation for corporations to consider the impact of their actions on society. Michael Porter has discussed the concept of shared value, where companies can create economic value by addressing societal needs, but he does not necessarily see CSR as a moral imperative. CK Prahalad believed that corporations have the potential to solve social problems through their business activities, but also emphasized the importance of profits. Therefore, although they all have different perspectives on CSR, they do not necessarily agree on its essentiality or its justifications.

Influential Scholars Such as Milton Friedman,Charles Handy,Michael Porter and CK