does social responsibility maximize or minimize profit for organizations?

Answer 1

Social responsibility is a drain on profits, at least in the short run. It is a noble yet niave concept which ignores the fundemental dynamic of capitalism....the creation of capital (money) encourages cutting corners. This is done by maximizing price, generating volume, and minimizing costs. One need look no farther than industrialized China (OK so maybe that is pretty far...), to see how profitable social irresponsibility can be.
The key to survival for responsible companies is to take a long term view, and encourage government intervention on their behalf in order to neuteralize the competitive disadvantage they are operating under. Unfortunately, big government is not particularly good at this (market regulation), and tend to make things worse.
As a result, lower skilled manufacturing jobs in particular, are gravitating towards countries that prioritize profits over social responsibility.
Companies with a socially responsible world view, can succeed if they change the buying public's perception of what value is. That's the key to getting people to pay $4 for a cup of coffee, or pay an $8,000 premium for a car so that they can save 4 cents per mile on gas. It can be done, but it's a tough sell. So long as price is the main determinant of sales, they will suffer.

Answer 2

That would likely depend on the organization and circumstances involved along with whatever marketing engine the group has available to make the situation work for them.

For example: A major corporation that spends decades polluting a river can turn around and present themselves as "socially responsible" by finally cleaning up that mess. (See the twist there.... they're the cause, but manage to turn themselves into heroes by "agreeing" to clean it up. Nice trick, huh?)

Another example might be charity and other non-profit organizations. Granted, people pull down salaries and such, but they are typically designed to be "socially responsible" without resulting in any (or very little) actual "profit."

I don't know of that helps.... but good luck!

Answer 3

It usually reduces short-term profit but improves long-term sustainability. CSR understands that an organization's stakeholders go beyond its employees, customers and shareholders to the community and beyond. Unless you have buy-in from all stakeholders your organization will probably not last.

Answer 4

Maximizes. Through creating indirect marketing and awareness of their presence and or products.

Answer 5

maximizes profit

Answer 6

it maximises the profit b'xoz it creates a good reputation for organisation .