UM: Corporate Responsibility

In an essay for the Wall Street Journal’s Executive Advisor report, UM business professor Aneel Karnani describes why the concept of corporate social responsibility is flawed: “In the end, social responsibility is a financial calculation for executives, just like any other aspect of their business. The only sure way to influence corporate decision making is to impose an unacceptable cost – regulatory mandates, taxes, punitive fines, public embarrassment – on socially unacceptable behavior.” [Source]