The CSR approach argues that economic self-interests are not a trustworthy guide for firm decision making and may breed greed, excesses, and abuses.

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The CSR approach believes that economic self-interests can lead to negative consequences, such as greed and abuses. Therefore, it encourages firms to consider broader social and environmental concerns in their decision making. The CSR (Corporate Social Responsibility) approach emphasizes that firms should also consider the impact of their actions on society and the environment, rather than solely prioritizing economic self-interest. This is because relying on economic self-interest as the sole guide for decision making may lead to unethical behavior and negative consequences for stakeholders, as seen in cases such as Enron and the financial crisis of 2008. Therefore, the CSR approach argues for a more balanced and socially responsible approach to business decision making.

The CSR Approach Argues That Economic Self-Interests Are Not a Trustworthy