Business Practice: relationship between corporate social responsibility and profits

For years, many companies believed that the only role of a company was to make money and that social problems were the concern of state. It was believed that socially responsible companies could not be profitable. But supporters of social responsibility now argue that a company has an obligation to society beyond the pursuit of profits and that companies can be both socially responsible and profitable. In fact, being a socially responsible company can help improve profits and being profitable can help companies stick to their social mission.