Assists the firm in achieving an enhanced reputation and market share
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One argument is that individuals within a company may make decisions collectively, making it difficult to pinpoint specific responsibility. Another argument is that external factors, such as market forces or government regulations, can influence social actions, making it challenging to attribute direct responsibility to a specific party. Finally, some argue that society as a whole shares collective responsibility for social issues, rather than placing it solely on individual actors.
demerits of social responsibility
Arguments for social involvement of business:a.Public expectationsb.Long run profitsc.Ethical obligationd.Public imagee.Better environmentf.Discouragement of further government regulationg.Balance of responsibility and powerh.Stockholder interestsi.Possession of resourcesj.Superiority of prevention over curesArguments against social involvement of business:a.Violation of profit maximizationb.Dilution of purposec.Costsd.Too much powere.Lack of skillsf.Lack of accountabilityg.Lack of broad public support
scope of corporate social responsibility
help me to know the scope of social responsibility
Violation of profit maximization Dilution pf economic productivity Cost to others Too much power arise by business Lack of skill by business leaders to solve social issue
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
It is a social responsibility
What companies take a defensive approach to social responsibility
With social responsiveness you respond to a new/potential social need. With social responsibility you follow the ethics of your industry. The difference is the goal: with social responsiveness you try to sell more, while with social responsibility you try to have a good image.