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The trusteeship principle of social responsibility, articulated by Mahatma Gandhi, emphasizes that businesses and individuals hold their resources and wealth in trust for the benefit of society. This concept suggests that organizations should prioritize ethical considerations and the welfare of the community over mere profit maximization. By acting as trustees, businesses are encouraged to contribute positively to social, economic, and environmental well-being, ensuring that their operations support broader societal goals. Ultimately, it advocates for a balanced relationship between profit-making and social good.
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Why is social responsibility relevant in production management?
Social responsibility comes into play in production management many times. Fair and equal treatment of the employees, provision of a safe workplace, following the accepted practices for obtaining raw material, part and supplies are just some areas. Shortcuts by production management can lead to unsafe working conditions, unsafe conditions endangering the environment or the neighboring community (Bopal, India, Love Canal). Lack of social responsibility can mean leaving future tenants to clean up dumped chemicals and other hazards. Social responsibility requires that the production be accomplished in a safe, legal manner. Many times businesses have lobbied to have laws written for that they can comply with the letter of the law but still not be acting in a socially acceptable manner (for example, coal miners and black lung).
What do you mean from the term management?
A.O.A DEARS, I want to know the answer of this question in view of Principle of Management so Plz give the authentic answer"what do you mean from the term management?"
What does the principle activities of a business mean?
The principle activities of a business refer to the core functions or operations that define its primary purpose and drive its revenue generation. These activities typically include producing goods or providing services, marketing, sales, and customer service. Understanding these activities helps to clarify the business's focus and strategic direction, as well as its competitive advantages in the marketplace.
What does have you previously held a position of responsibility mean?
The phrase "have you previously held a position of responsibility" refers to whether an individual has had a role in the past where they were accountable for certain tasks, decisions, or the management of others. This could include jobs, volunteer positions, or leadership roles in organizations where they were responsible for achieving specific outcomes. It often implies assessing one's experience in managing duties, leading teams, or making important decisions.
What does management mean by action on the exception principle?
The action on the exception principle in management refers to the practice of focusing efforts and resources on significant deviations from established standards or expectations rather than on routine operations. This approach allows managers to prioritize their attention on issues that could impact performance or outcomes, thereby enhancing efficiency. By addressing exceptions, management can make more informed decisions and allocate resources effectively to mitigate risks or seize opportunities.
What do you mean by social responsibility in a community?
Social Responsibility, when in context with business practices, is the concept that any organization (corporation, entity, LLC, etc) has a certain responsibility to the people, society, or nature which that business comes into contact with.
What does principle to robbery mean?
what does principle to robbery mean?
What is the doctrine of the mean by James legge?
The doctrine of the mean, as articulated by James Legge in his translation and interpretation of Confucian texts, emphasizes the importance of moderation and balance in moral behavior. It suggests that virtue lies in finding a middle ground between extremes, fostering harmony and stability in personal conduct and social interactions. This principle is central to Confucian ethics, advocating for a balanced approach to life that promotes moral integrity and social responsibility.
Evaluate the following statements profit should be higher perority than social responsibility for business?
I think you mean priority...
What is target known for?
If you mean the chain retail store, then they are known for low prices, the red bulls-eye and social responsibility.
What does what was your volume responsibility mean?
volume responsibility
What does it mean that there is no emancipation status in the state of Tennessee?
Until you reach the age of majority you are the responsibility of your parents and the only way out is through social services.
What does the Principle of reciprocity mean?
The Principle of Reciprocity refers to the social norm where individuals feel compelled to return a favor or respond in kind to others' actions. It suggests that when someone does something for us, we are inclined to reciprocate, creating a cycle of mutual benefit. This principle is often leveraged in social and marketing contexts to build relationships and encourage cooperation. Overall, it emphasizes the importance of mutual exchange in human interactions.
What does social mean in textiles?
In textiles, "social" refers to fabrics or products that are produced in a way that promotes fair labor practices, ethical working conditions, and social responsibility. This can include factors such as workers' rights, wages, and community involvement in the production process.
What did Jane Addams mean by social housekeeping?
Jane Addams used the term "social housekeeping" to describe the responsibility of society to care for its members and improve community welfare, much like a housekeeper maintains a home. She believed that social reformers should address social injustices, uphold moral standards, and foster a sense of collective responsibility. Addams emphasized the importance of creating a nurturing environment in neighborhoods and institutions to promote social harmony and empower individuals. Through social housekeeping, she advocated for active engagement in improving social conditions, particularly for marginalized groups.
What does Andersons's Principle mean?
It does not exist.
What does principle's mean?
A principle is a way of working or ethical standards.
