Arguments against CSR

“The idea that companies

have a social responsibility to
act in the public interest and
will profit from doing so is
fundamentally flawed…But it’s
an illusion, and potentially
dangerous one”
- Aneel Karnani, 2010

“The responsibility of a
business is to maximize
shareholder value…the
Arguments against CSR business of business is
business.”
- Milton Friedman, 1970
 • Restricts the classic • Creates confusions and
Arguments economic goal of profit conflicts among
Against CSR maximization managers, what they
must prioritize – social
or economic objectives.
• Business is not
equipped to handle • Increases the power of
social activities business – taking the
roles of government
• Dilutes the primary
purpose- businessmen • Limits the ability to
are not the moral compete in a global
agents marketplace
• Burden on consumers