Discuss whether csr is merely a tool to drive profitability

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Case: "Most companies have long practiced some form of corporate social and environmental responsibility with the broad goal, simply, of contributing to the well-being of the communities and society they affect and on which they depend. But there is increasing pressure to dress up CSR as a business discipline and demand that every initiative deliver business results. That is asking too much of CSR and distracts from what must be its main goal: to align a company's social and environmental activities with its business purpose and values. If in doing so CSR activities mitigate risks, enhance reputation, and contribute to business results, that is all to the good." (Source: Harvard Business Review, January - February 2015)

Discuss whether CSR (Stakeholder Theory) is merely a tool to drive Profitability (Shareholder Theory) or whether an increase in profit is a byproduct of CSR. Use appropriate ethical reasoning to back up your position.

Reference no: EM133349394

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