Opening Pandoras Box
Corporate Social Responsibility Exposed
By Jessica C. Ludescher, Rubiná Mahsud
This article appeared in the Summer 2010 issue of The Independent Review.
Corporate social responsibility is the ethical doctrine that a business corporation should promote the welfare of various stakeholders, enhance environmental stewardship, and improve society by doing things that add little or nothing to its bottom line. The doctrine diverts attention from the social responsibilities of government, academic, media, and religious organizations; focuses too narrowly on select stakeholders; and is so loose and general as to be practically meaningless.
Jessica C. Ludescher is an assistant professor of business ethics and philosophy in the Albers School of Business and Economics at Seattle University.
Rubiná Mahsud is an assistant professor of management in the Albers School of Business and Economics at Seattle University.