CSR advantages & disadvantages

Advantage

Organisations find a way to make changes in services to deliver benefits for the community

Advantage

Creates opportunities and alliances, strengthens ties

Advantage

Encourages businesses to act ethically

Advantage

Enhances relationship between clients, builds trust

Disadvantage

Forgets obligations to shareholders

Disadvantage

Increase in expenditure and costs

Disadvantage

May be forced to increase prices

Disadvantage

Shifts the focus of the company from objectives such as making profits

Disadvantage

Uses up funds for community welfare