Posted: May 2nd, 2017
Modern Corporation operates a steel mill. They have never contributed anything to the local community and they knowingly pollute both the air and river that runs by their mill. Their reasoning is that the cost to install pollution control devices would diminish their profits and they don’t support the community because they provide jobs and don’t think they owe anything else to the citizens in their area. Donating to the community would also diminish profits. Which theory of corporate social responsibility are they exhibiting?
the narrow view a/k/a invisible hand theory.
the broad view a/k/a management’s hand theory.
the moderate view a/k/a government’s hand theory.
the hybrid view a/k/a citizen’s hand theory.
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