Was Friedman Right? Moving Towards Strategic CSR Agenda

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

The business of business is business. This statement describes what businesses do quite well, although in a very simplified fashion, which was Milton Friedman’s standpoint on the purpose of firm’s existence. Being a management scholar it is hard not to agree with it, even if you are not a radical liberal. For decades, however, corporate social responsibility (CSR), one of the oldest and most controversial concepts in management science, has been held in opposition to profit-making goals and shareholder wealth creation. Basing on a critical analysis of literature on CSR the goal of this paper is to add further insight into the debate on the strategic role of the concept in today’s companies.
Original languageEnglish
Title of host publicationThe Dynamics of Corporate Social Responsibility
EditorsMaria Aluchna, Samuel O. Idowu
PublisherSpringer Cham
Pages71-89
ISBN (Electronic)978-3-319-39089-5
ISBN (Print)978-3-319-39088-8
DOIs
Publication statusPublished - 2017
Externally publishedYes

Publication series

NameCSR, Sustainability, Ethics & Governance
PublisherSpringer Cham
ISSN (Print)2196-7075
ISSN (Electronic)2196-7083

Keywords

  • CSR Corporate social responsibility
  • corporate social performance
  • corporate citizenshp
  • corporate sustainability
  • Triple bottom line

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