Is it possible for companies both to maximize financial value and be socially responsible? 

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Companies can maximize their profits and be socially responsible at the same time. Consumers today are conscious about the products and services they buy and their impact on the environment. Therefore, consumers are more inclined to associate themselves with companies that are socially responsible. For this reason, companies can use...

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Companies can maximize their profits and be socially responsible at the same time. Consumers today are conscious about the products and services they buy and their impact on the environment. Therefore, consumers are more inclined to associate themselves with companies that are socially responsible. For this reason, companies can use corporate social responsibility (CSR) to increase awareness of their brands. In the short-term, a company may lose its financial value by investing in CSR; however, there is a high likelihood that it will benefit in the long-run due to better engagement with customers and increased brand recognition. It is noteworthy that companies are not obligated to be socially responsible. However, an effective CSR strategy can increase a company's financial value.

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It is possible for at least some companies to do this.  However, it is not possible for all companies, depending on one's view of what is "socially responsible."

For example, a shoe company like Nike could probably not do both of these things.  It would be impossible for Nike to manufacture shoes in the US (socially responsible because it creates American jobs) while still keeping prices low enough to maximize financial value.

But other companies might manage both.  For example, a maker of household appliances might be able to maximize financial value even as it makes its appliances more energy efficient, which would be socially responsible.

The answer, then, depends on what products a given company sells and how one defines social responsibility.

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