Corporate social responsibility initiatives may prioritize profit over social impact from "summary" of Winners Take All by Anand Giridharadas
Corporate social responsibility initiatives may prioritize profit over social impact. The very nature of capitalism often necessitates this prioritization. Companies exist to make money, and their primary goal is to maximize profit for their shareholders. While CSR initiatives may seem noble on the surface, they are often implemented with the intention of enhancing the company's reputation and bottom line rather than creating meaningful social change. Many corporations engage in CSR initiatives as a form of "conscious capitalism," using their philanthropic efforts to deflect attention away from their less ethical business practices. By investing in causes that align with their brand image, companies can improve their public perception and attract socially conscious consumers. However, these initiatives are often superficial and fail to address the root caus...
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