Identify and explain the main economic and ethical issues concerning Corporate Social Responsibility (CSR) and moral...

Identify and explain the main economic and ethical issues concerning Corporate Social Responsibility (CSR) and moral licensing in relation to the employer employee relationship.

Expert Solution

Corporate Social Responsibility is a type of business model which is self-regulated. The economic advantage is that it makes the company more accountable to its stakeholders, the common people and the company itself. Thereby increasing accountability makes the company work effectively and efficiently. CSR also makes the company take into account economic, social and environmental considerations of the impact it is having on them. Here comes in the ethical part of it. Often the companies in pursuit of profit deplete natural resources. But the CSR puts a check on such ruthless activities and thus it is ethical.

Moral licensing on the other hand refers to the situation when people are initially behaving morally so that it is good for the company however with the passage of time their actions become immoral. The economic impact is that such immoral activities reduce the profit margin of the company. The ethical consideration lies in the issue that the people who were ethically bold initially are now becoming immoral and unethical after they have been with the company for some time.

Rahul Sunny answered 1 year ago

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