The Alignment of Morality and Profitability in Corporate Social Responsibility
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Nowadays most of the big companies pride themselves on their social responsibility. When visiting the websites of IBM, Cisco, ING, Philips, BP, etc., one will easily find a tab called ‘corporate social responsibility’, or ‘sustainability’.1 Here, companies describe how they contribute to the community and balance their impact on the environment. Why do they do that? There is a long tradition of moral considerations for commerce. In the early days of capitalism, the goal of the business was solely to make profits. This changed when business was challenged by social movements and legislation (Carroll, 1991: 39). Nowadays, business is not only responsive to external pressure, but is rather proactive in its social responsibility. Companies keep extending their responsible agenda, often going beyond legislation. It appears that companies have adopted their ethical dimension. Corporate Social Responsibility (CSR) seems to have found a way to make capitalism work for societies, with businesses driving social betterment.
- business case
- business ethics