Levels of Social Responsibility A hierarchy of the extent to which business UNITS. discharge social responsibilities is developed by R. Joseph Monsen . Starting from lowest level, there are four levels of hierarchy: 1. Obeyance Of The Law : managers feel they arc discharging social responsibilitity by merely, obeying the law. 2. Catering to public expectations : Social rcsponsibility goes beyond merely obeying the law. In addition to abiding by legal framework of the country, social responsibility also caters to public expectations from the business enterpriscs (for example, providing job opportunities, quality clouds, controlling pollution etc.).
3. Anticipation of public expectations : At a still higher level, business firms not
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Social obstruction : Though few in number, firms which follow this approach to social responsibility do the least possible to solve social problems. They oppose the concept of social responsibility and do not consider the consequences of business decision on environment. 2. Social obligation : Though a step ahead of social obstruction, socially oblige discharge social responsibility to the extent that avoids government interference organisation does everything that is legally required of it . A cigarette manufacturing company, for example, prints 'Cigarette smoking is injurious to health' on the packets but despite the product being harmful for health, it does extensive research to promote its sale.
3. Social response : A step further ahead of social obligation, firms perform and social obligations only if they are asked to do so. They do not seek socially activities on their own. Donations to charitable institutions for a social caust of social response. Companies make donations when they are approached by these institutions. It is, thus, discharging social responsibilities in response to
1. In order to implement an organizations commitment to social responsibility it is necessary to identify what social problem the organization intends to address, develop policies on what the organization plans to do to successfully fulfill its obligation and ensure stakeholder buy-in. The main obstacles an organization faces when implementing socially responsible policies is pressure from stockholders and business analysis who want steady increase in earnings. Without steady increase in profits, it becomes difficult to reinvest money in these areas. The following actions can be taken toward increased social responsibility:
Social responsibility makes a company more competitive and reduces the risk of sudden damage to the company’s reputation and sales.
Social responsibility is generally regarded as a duty of an organization’s management towards the benefit and well-being of the society in which it is engaged. The organization must behave ethically considering the social, cultural, economic and environmental issues.
Businesses, specifically larger corporations, play a major role in what occurs in society therefore, they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people, their communities, and their environment. (Lawrence, 2010). Social responsibility is becoming the norm so much so that some businesses have incorporated it into their business model. There are three components of the bottom line of social
Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.
We make a living by what we get, but we make a life by what we give.” A quote from Winston Churchill that reflects social responsibility. Social responsibility requires you to put your best foot forward due to legal responsibility. It includes the idea that its superior to be driven by a problem rather than reactive. This includes eliminating anything that causes corruption, unethical and delinquent behavior that may bring a negative impact on the supporters around the environment or the community alone before any type of behavior takes place.
Social responsibility is an ethical framework which suggests that an organization or individual has an obligation to act for the benefit of society at large. Social responsibility is a duty every organization has to perform so as to maintain a balance between the economy and the environment
Social Responsibility; An organization's obligation to maximize its positive impact on stakeholders and minimize its negative impact.
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal
Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.
3.Business to External Environment. Because businesses exist within a community from which they take resources, businesses have ethical responsibilities to the community. This obligation to protect and enhance the society is called Social Responsibility. This also includes responsibilities to the customers from which they earn profits. The main areas of Social Responsibility are:
In order to implement an organizations commitment to social responsibility it is necessary to identify values held by society, how the organization intends to address, and then develop training programs and policies on what the organization plans to do to successfully fulfill its obligation. Also, clarifying how the policies relate to the organizations strategies, individual functions and goals.
Social responsibility is built on a system of ethics, in which decisions and actions must be ethically validated before proceeding. If the action or decision causes harm to society or the environment then it would be considered to be socially irresponsible. Being socially responsible means that people and organization must behave ethically and sensitivity towards, social, cultural, economic, and environmental issues. Striving for social responsibility helps individuals, organization and government to have a positive impact on development, business and society. Often, the ethical implication of decision/action are overlooked for personal gain and the benefits are usually material. This frequently manifest itself in companies that
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
Every organisation has an obligation to act to benefit the society at large in an ethical framework. This helps in maintaining and developing the organisations image and consequently influences the customers’ overall evaluation