Question 1: What is the concept and ethical arguments ( the broad AND narrow view of CSR )?

article topic related to the questions : https://www.abc.net.au/news/2019-10-30/woolworths-underpays-5700-staff-up-to-300-million-dollars/11652656#:~:text=Woolworths%20says%20the%20underpayment%20of,with%20interest%20and%20superannuation%20contributions

Explain the broad view and narrow view. for example:

The BROAD of CSR

is it true that immoral to do anything but focus on maximising profits.? or other opinion?

• Business has obligations in addition to making profit? it should act to ensure that it does no harm to any of its many stakeholders ?
• Social responsibility must be consistent with the earning of a satisfactory level of profit ? But leaders must be willing to forgot a certain measure of profit for non-economic end

The NARROW of CSR

• The only responsibility that business has is to its shareholders.?
• Business should only focus on maximising profits.?
  • Whilst staying within 'the rules of the game'.
  • To maximise profits, anything goes, as long as it's legal!
  • Elementary morality rules out deception, force and fraud, and the 'rules of the game' are intended to promote open and free competition.

Question 2. What is the Arguments used to support the narrow view:

• Is it Adam Smith's invisible hand ? Let the government handle it? Corporations lack ethics expertise? Corporations will impose their values on us ?