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  • Social Responsibilities of Business

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    Smita Jhankar
    1K views14 pages
    The document defines social responsibility as an obligation of decision makers to consider the welfare of society in addition to their own interests, according to Keith Davis. It discusses factors that drive social responsibility for businesses like consumerism, public expectations, and creating a better environment. Challenges to social responsibility are also outlined, such as lack of skills or burdening consumers. Social responsibility involves duties to shareholders, employees, customers, and the government. The effectiveness and costs of social responsibility programs are debated.

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    The document defines social responsibility as an obligation of decision makers to consider the welfare of society in addition to their own interests, according to Keith Davis. It discusses factors that drive social responsibility for businesses like consumerism, public expectations, and creating a better environment. Challenges to social responsibility are also outlined, such as lack of skills or burdening consumers. Social responsibility involves duties to shareholders, employees, customers, and the government. The effectiveness and costs of social responsibility programs are debated.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    1K views14 pages

    Social Responsibilities of Business

    Uploaded by

    Smita Jhankar
    The document defines social responsibility as an obligation of decision makers to consider the welfare of society in addition to their own interests, according to Keith Davis. It discusses factors that drive social responsibility for businesses like consumerism, public expectations, and creating a better environment. Challenges to social responsibility are also outlined, such as lack of skills or burdening consumers. Social responsibility involves duties to shareholders, employees, customers, and the government. The effectiveness and costs of social responsibility programs are debated.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 14

    MEANING: Social responsibility is a duty of every individual and organization has to perform so as to maintain a balance between the economy

    and ecosystem.

    DEFINITION:

    According to Keith davis,social responsibility is the obligation of the decision maker to take decisions which protect and improve the welfare of the society as a whole along with their own interest

    Consumerism Trade

    unionism Public opinion Enlightened self-interest Trusteeship

    Cost

    of social work Businessmen is not expert in social work Social responsibility is not legal responsibility Lack of social skill Misuse of responsibility

    To

    increase reputation of society Business legal obligation More public expectation from business Business has useful resource Better environment from business Coalition Creation of society Social impact Social power

    Coalition Creation

    of society Social impact social power Competence Free enterprise

    Use

    of national recourses More employment opportunities Protect the national environment Development of backward regions Corporate of government

    Lack

    of social skill Burden on consumer Misuse of responsibility Lack of yard stick Responsibility without power Already responsible

    Responsibility

    towards shareholders Responsibility towards Employees Responsibility towards Customers Responsibility towards Government

    Costs Efficiency Relevance Scope

    and complexities

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