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as its pros and cons but if it's still beneficial, one must go for it. Some of the critics raise certain points against corporate social responsibility and highlight its uselessness but adequate response is available for such critics that make CSR more important in corporate environment.

Arguments
CSR activities are against shareholders' interest
It is a fact that business is run by shareholders money and only shareholders own the business so spending money on CSR activities would be wastage of shareholders' wealth hence will be against their interest.

Response
If shareholders own the enterprises than they fully know how to be responsible towards their stakeholders and environment but unfortunately most of the shareholders are ignorant of such responsibility. Finally the responsibility falls on the shoulders of the management. In this modern time of competitive environment business shares are less important than that of the companies' reputation as it provides a passage way to the business to work smoothly. If stakeholders and social factors are ignored company will be at risk on the part of its goodwill and reputation. And this is the reason of some big companies' success that they focus more on their long-term goodwill and social relations than that of its shareholders interest that ultimately provide company with huge profits and a good name among its customers.

CSR activities are merely the wastage of precious time
If we look at some of the renowned companies we will come to know that they have been completely uninterested in working on CSR. Even some famous companies owners like bill gates and jack Welch had been working against CSR and had been rigid throughout their business career without considering their social relations and environmental affects of their business work. But still they were among the most successful business people all around the world. Hence CSR is merely wastage of time which the company can use towards more productive directions.

Response
If the businesses run by jack Welch and Bill gates were successful without following the CSR activities than the businesses like coca cola, IBM, and Motorola are equally successful being the leaders of corporate social responsibility. If businesses can make their way to success without harming their social relationships and environmental conditions than the firms should go for this way as its useful both for the business and for their stakeholders rather than moving to the direction only profitable for the business and drastic for the stakeholders and environment.

Big companies have thousands of resources to manage and if the attention is given to the issues other than managing those resources, the company may face the risks that can be harmful for its smooth and profitable working.

Response
Every activity is done in business either in a good way or a bad way. CSR is also the part of the management and if CSR is diverting attention from the core issues of the business than it means that management lacks proficiency and it is unable to manage its task skillfully. Ignoring environmental and social factors shall ultimately result in the formation of hurdles in the way of company achieving its goals and objectives. It may result in fines and prosecutions against the business for polluting environment and showing irresponsibi