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Was Friedman Right? Moving Towards Strategic CSR Agenda

In: The Dynamics of Corporate Social Responsibility

Author

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  • Maria Roszkowska-Menkes

    (Warsaw School of Economics)

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.

Suggested Citation

  • Maria Roszkowska-Menkes, 2017. "Was Friedman Right? Moving Towards Strategic CSR Agenda," CSR, Sustainability, Ethics & Governance, in: Maria Aluchna & Samuel O. Idowu (ed.), The Dynamics of Corporate Social Responsibility, chapter 0, pages 71-89, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-39089-5_5
    DOI: 10.1007/978-3-319-39089-5_5
    as

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