Influential management theorists such as Friedman, Allen, Handy, Porter and Prahalad:
A)All agree that CSR is necessary according to a "moral imperative"
B)Disagree widely about the justification for CSR
C)Expect firms to implement CSR according to their theories
D)All of the above

Question

Quizplus · Accepted Answer

The management theorists mentioned in the question disagree widely about the justification for CSR. Friedman argued that the only social responsibility of a firm is to increase its profits. Allen believed that CSR is a moral imperative, while Handy emphasized the importance of balancing the interests of various stakeholders. Porter and Prahalad argued that CSR can lead to competitive advantage for firms. Therefore, they do not all agree that CSR is necessary or that firms should implement CSR according to a single theory.

Influential Management Theorists Such as Friedman, Allen, Handy, Porter and Prahalad