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Some of the business problems with corporate social responsibility functions are: 1. Demands of national legislature 2. Human rights 3. environmental responsibility 4. civic freedom
help me to know the scope of social responsibility
What companies take a defensive approach to social responsibility
Investors
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.
dilution of purpose
poop
Assists the firm in achieving an enhanced reputation and market share
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
it is ,to some extent
who is responsibility is to monitor ethical behavior in madoff's case
demerits of social responsibility
what are the barrier of social responsibility
Some of the business problems with corporate social responsibility functions are: 1. Demands of national legislature 2. Human rights 3. environmental responsibility 4. civic freedom
it is ,to some extent
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
Some of the business problems with corporate social responsibility functions are: 1. Demands of national legislature 2. Human rights 3. environmental responsibility 4. civic freedom