Author(s)

Guoxi Tang ¹

Affiliation(s)

¹ The University of Sydney, NSW, 2006, Australia

Corresponding Author

Guoxi Tang

ABSTRACT

Most stakeholders are discussing the implementation of the organization's corporate social responsibility (CSR) policy, which has prompted different organizations to implement their corporate social responsibility policies to meet the needs of stakeholders. And actively improve their role in society to maximize their interests. To find a balance between economy, society and environment, so as to explore its sustainable development. This paper argues that the implementation of corporate social responsibility policy has both costs and benefits, but the benefits do exceed the costs of implementing corporate social responsibility policy. This paper will discuss the arguments for and against the implementation of corporate social responsibility policy and draw a conclusion at the end.

KEYWORDS

CSR policies, win win strategy, costs and benefits

CITE THIS PAPER

Guoxi Tang, Cost and Benefits for Implementing CSR Policies. Social Security and Administration Management (2022) Vol. 3: 39-43. DOI: http://dx.doi.org/10.23977/socsam.2022.030107.

REFERENCES

[1] Carroll, A.B. and Shabana, K.M., 2010. The business case for corporate social responsibility: A review of concepts, research and practice. Wiley Online Library. View 23 Aug 2022. 
[2] Davis, K., 1973. The case for and against business assumption of social responsibilities. Academy of Management journal, Vol. 16, No. 2, June 1973, pp.312-322.
[3] Du, S., Bhattacharya, C.B. and Sen, S., 2010. Maximising business returns to corporate social responsibility (CSR): The role of CSR communication. Wiley Online Library.  View 23 Aug 2022. 
[4] Friedman, M., 1970. The social responsibility of business is to increase its profits. The New York Times Magazine. September. 126. Viewed 23 Aug 2022.
[5] Falck, O. and Heblich, S., 2007. Corporate social responsibility: Doing well by doing good. ScienceDirect. View 23 Aug 2022. 
[6] Henderson, D., 2001. The case against 'corporate social responsibility'. Policy: A Journal of Public Policy and Ideas, Vol. 17, No. 2, June 2001, pp.28-32.

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