Read Milton Friedman's famous article on, The Social Responsibility of Business Is to Increase Its Profits http://websites.umich.edu/~thecore/doc/Friedman.pdf;

Perform further research, and come to your own informed opinion How do managerial economic terms of economies of scope and efficient boundaries of the firm relate to Friedman's views of corporate social responsibilities?

If a corporation's responsibility is to make increasing profits, how does corporate social responsibility fit into corporate strategy? If the economies of scope are about reducing costs and increasing revenue, how does a corporation rationalize the cost of corporate social responsibility programs?