Question

Accounting Ethics Truett Cathy, founder of the Chick-fil-A restaurant chain, was a devout Christian who maintained...

Accounting Ethics Truett Cathy, founder of the Chick-fil-A restaurant chain, was a devout Christian who maintained a policy of keeping his restaurants closed on Sundays so his employees could spend more time with their families. Chick-fil-A generates revenues of about $6 billion per year. As a result, being closed on Sundays might cost the restaurant roughly one billion dollars in sales annually. Rent is an important fixed cost in the restaurant business. Is Chick-fil-A's policy an act of CSR?

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Answer #1

No , Chick-fil's policy of keeping an off on Sundays is not an act o Corporate social responsibility.Corporate social responsibility is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.

But as mentioned by CEO Dan Cathy it is a strategy for the business to earn more, By giving an off the workers will work more enthusiastically on Monday's and this will pass onto other days as well. In this way they could earn a large amount of revenue as compared to its competitors.

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