Debate on CSR related issues Coursework Example | Topics and Well Written Essays - 500 words

Debate on CSR related issues - Coursework Example (Steven, 2003). The responsibilities of businesses are limited to making profits for the initiators or owners of the business. Profit earned from the business is a reward to the risk takers and is used either as income to the owner or it is used to improve their standard of living. The thoughts of businesses having a social responsibility are uncalled for since it is only people who have duties to perform or attend to. This can be loosely translated to mean that it is only people who have social responsibilities to look after. Businesses are artificial persons and in this sense, may have artificial responsibilities that cannot be in any way linked to or associated with the owners of the business (The New York Times, 1970). Persons are responsible at individual level and not the business as a whole, therefore if one was to categorize responsibility in its measure; then it would have to be at individual level and not as cooperate or as a business entity. Business entities are established with goals and objectives and among the most common objective is to increase market share which directly translates to increased profits except for entities or organizations started with the aim of providing community services such as community hospitals and schools (Sullivan & Steven, 2007). The primary responsibility of any cooperate institution to maximize the potential for the value of their product, and this translates into increased customer preference hence increased profits. The business entity will, therefore, have a primary responsibility of maximizing sales through different approaches such as advertising or packaging and these approaches will be aimed at increasing the profit margin. Social responsibilities on the other hand are initiatives related to employment creation, reducing or eliminating discrimination based on race, cultures, religion, ethnicity, among other factors and controlling environmental pollution (The New York Times, 1970). Individual associates