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a) Increased operational costs: CSR activities require a company to allocate part of its resources to such activities, thereby increasing the costs of the company. This can further translate into a short term reduction of the company's profits.
b) Lose of competitive advantage: A company that engages in CSR allocates some of its resources to CSR. A competitor company that does not engage in CSR activities invests all its resources in its core business thereby having a more competitive edge in comparison to the company involved in CSR
c) Conflict between management and shareholders
d) If CSR is made mandatory, companies can seek to engage in activities that are compliant to the law, but necessarily beneficial to the communities at large. In such cases, the benefits for charity may not be taken into consideration.
What else can I help you with?
What are demerits of social responsibility?
demerits of social responsibility
What is The scope of corporate social responsibility?
scope of corporate social responsibility
What is the difference between corporate governance and corporate social responsibility?
Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.
What are the merits and demerits of casteism?
Merits: Encourages social cohesion and community bonding, preserves cultural traditions and values, provides a sense of identity and belonging. Demerits: Promotes discrimination and inequality, hinders social mobility and opportunities for individuals, reinforces rigid social hierarchies, perpetuates stereotypes and biases.
What is the difference between social responsibility and corporate social responsibility?
The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.
What are the merits and demerits of modernization?
Merits of modernization include improved technology, infrastructure, and living standards. It can boost economic growth and productivity. Demerits may include cultural erosion, environmental degradation, and social inequalities resulting from uneven development.
What is the corporate social responsibility of kfc?
yes
What is corporate social responsibility?
I dont know do i
What has the author Poerwanto written?
Poerwanto has written: 'Corporate social responsibility' -- subject(s): Business ethics, Corporate culture, Social responsibility of business
What is the difference between Corporate Social Responsibility and Corporate Citizenship?
The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.
What is the corporate social responsibility components in shoe shop?
what are the corporate social responsibity that are related to shoe shop
What are the merit and demerits of cooperative society?
Merits Ease of formation Open membership Limitd Liability Stability Democratic Management Social Utility Demerits Limited Capital Inefficient Management
