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    Social Responsibilities of Business

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    Sunil
    The document discusses social responsibility of business (SRB). It defines SRB as the obligation of business decision-makers to consider society's welfare along with their own interests. Several models of SRB are described, including Carroll's four categories of obligations: economic, legal, ethical, and discretionary. The extent of a business's social orientation ranges from anti-social to committed/active. Factors like management and stakeholders influence SRB. Responsibilities include those towards employees, customers, shareholders, government, and society overall like preventing pollution and creating jobs. Supporters argue SRB improves public image and environment while avoiding excessive government control, though some see the concept as vague.

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    Social Responsibilities of Business

    Uploaded by

    Sunil
    44 views23 pages
    The document discusses social responsibility of business (SRB). It defines SRB as the obligation of business decision-makers to consider society's welfare along with their own interests. Several models of SRB are described, including Carroll's four categories of obligations: economic, legal, ethical, and discretionary. The extent of a business's social orientation ranges from anti-social to committed/active. Factors like management and stakeholders influence SRB. Responsibilities include those towards employees, customers, shareholders, government, and society overall like preventing pollution and creating jobs. Supporters argue SRB improves public image and environment while avoiding excessive government control, though some see the concept as vague.

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    The document discusses social responsibility of business (SRB). It defines SRB as the obligation of business decision-makers to consider society's welfare along with their own interests. Several models of SRB are described, including Carroll's four categories of obligations: economic, legal, ethical, and discretionary. The extent of a business's social orientation ranges from anti-social to committed/active. Factors like management and stakeholders influence SRB. Responsibilities include those towards employees, customers, shareholders, government, and society overall like preventing pollution and creating jobs. Supporters argue SRB improves public image and environment while avoiding excessive government control, though some see the concept as vague.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views23 pages

    Social Responsibilities of Business

    Uploaded by

    Sunil
    The document discusses social responsibility of business (SRB). It defines SRB as the obligation of business decision-makers to consider society's welfare along with their own interests. Several models of SRB are described, including Carroll's four categories of obligations: economic, legal, ethical, and discretionary. The extent of a business's social orientation ranges from anti-social to committed/active. Factors like management and stakeholders influence SRB. Responsibilities include those towards employees, customers, shareholders, government, and society overall like preventing pollution and creating jobs. Supporters argue SRB improves public image and environment while avoiding excessive government control, though some see the concept as vague.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 23

    By Sunil Kumar Dileep Sneha jayal

    Introduction
    Business depends on the society for the requirement of inputs like Men Machine Materials Money With also depends on the Society for the market to sell its Product, hence business depends on the society for its existence.

    SRB
    It is an obligation of decision makers to take decisions which protect and improve the welfare of the society as a whole along with their own interest.

    It refers to what the business should do for the welfare of the society.

    Definition

    Social Responsibilities Models


    Some of the models describing social responsibility includes Carroll's model, Halals model & Ackerman's model Archie B.Caroll defines corporate social responsibility as the entire range of obligation business has to society, has proposed a three dimensional conceptual model of corporate performance. According to him a firm has 4 categories of obligations Economic Legal Ethical Discretionary

    Extent of social orientation & involvement


    Anti-Social Indifferent Peripheral Socially Oriented Committed & very Active

    Factors affecting Social orientation


    Promoters & top management Board OF Directors Stakeholders & internal power relationship Societal factors Industry & trade association Govt & laws Political influences Competitors Resources Ethical influences

    Responsibilities to different sections

    SRB towards Share Holders

    SRB towards Customers

    SRB towards Employees

    SRB towards the Government

    SRB towards the Society

    SRB towards Employees


    The Success of the business depends on the morale of

    the employees and their cooperation, employees morale depends on the discharge of responsibilities by Management The following are the some of the responsibilities to be fulfill to the employees.

    They are
    Payment of Fair Wages Participating in the Management Decision Making. Providing best possible working condition

    Install proper Grievance Handling System

    Follow all labour welfare measures recommended by the law

    Provide opportunities for promotion

    Arrange for proper Training and Development programs for workers

    SRB Towards Customers


    As per Peter F. Drucker the purpose of any business is

    to create more and more customers. Customers are the Kings, business unit is the Servant. The Success of the business depends on the morale and cooperation of the customers, following are the responsibilities must be fulfilled.

    They are.,
    Produce & Supply quality goods. Do research and update the product quality. Introduce new product. Remove interruption in the distribution. Avoid artificial scarcity. Reveal truth in advertisements. Provide required after sale service. Avoid adulteration. Provide sufficient information about the product.

    SRB Towards Share Holders


    They have to invest money in the business.
    They appoint managers to run the business, so the

    responsibilities of the manager to protect the welfare of the Shareholders. The following are the important responsibilities to be fulfilled.

    They are.,

    Safe guard the capital invested by them

    Appreciate capital invested by them.

    Ensure reasonable Dividend

    Ensure regular dividend year by year.

    Maintain proper records

    Build up adequate reserves for future use

    Maintain good public image.

    SRB Towards Government


    India follows mixed economic system one of the main

    feature is government interference. The business unit is given permission by the government. It establish infra structural facilities for the business, hence each and every business units is responsible to the government.

    They are.,

    SRB Towards Society


    The Society gives the wealth to the business.
    It supplies all the inputs for the business like men, machine,

    materials, and
    money. Hence each business unit is responsible to the Society.

    They are.,

    To prevent environmental pollution.

    Preserve ecological balance

    To protect natural resources.

    Create more employment opportunities.

    Promote educational and population control measures.

    Develop most backward areas.

    Improve efficiency of the product quality

    Supporting SRB
    Creation of Society Improve public image Balance of responsibilit ies and power.

    To create Better environmen t

    Avoidance of government control

    Moral responsibilit ies.

    Opponents of SRB
    Vague Concept

    Lack of social skills

    -SRB

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