the business has to invest genuine investments that society expects from the entripse
help me to know the scope of 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.
"The only social responsibility of a company is to deliver profit to its shareholders".
how can society help business meet social responsibility
The iron law of responsibility says that in the long run, those who do not use power in ways that society considers responsible will tend to lose it. Business and society P47
Tineke Elisabeth Lambooy has written: 'Corporate social responsibility' -- subject(s): Social aspects, Corporation law, Corporate culture, Social responsibility of business
Those who do not use power in a socially responsible way will eventually lose it
It is there work but unfortunately nobody give emphasize on it
demerits of social responsibility
Barriers to social responsibility include lack of awareness or understanding of social issues, competing business priorities, financial constraints, and resistance to change within an organization. Additionally, perceived lack of direct benefits or incentives for engaging in social responsibility initiatives can hinder progress.
basically, it means that any perosn who doesn't use power they have responsibly....they lose it.
scope of corporate social responsibility
help me to know the scope of social responsibility
J. E. Parkinson has written: 'Corporate Power and Responsibility' -- subject(s): Corporation law, Social responsibility of business
The Social Responsibility Theory was proposed in the 1950s and gained prominence in the 1960s as a response to the growing concern about the impact of business activities on society. It emphasizes that businesses have an obligation to act in ways that benefit society beyond just maximizing profits.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.