Impotence of the Social Relation Responsibility


Impotence of the Social Relation Responsibility



Meaning of Social Responsibility

Some of the definitions of social responsibility.

According to Adolfe Berle "social responsibility" as the management's responsiveness to public consensus." According to Prof. Andrews, "by social responsibility, we mean the intelligent and objective concern for the welfare of society that restrains individual and corporate behavior from ultimately destructive activities, no matter how immediately profitable and leads in the direction of positive contribution to human betterment variously as the latter may be defined." According to Keith Davis, "social responsibility" refers to "the businessman's decisions and actions taken for reasons at least partially beyond the firm's direct economic or technical interest." (Lucidchart.com, 2019)

Howard Bowen is of the view that "the social responsibilities are obligations to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society."

An analysis of the above definitions of social responsibility reveals the following. Social responsibility refers to "the objective concern of business firm for the welfare of the society and it involves following by the management of such policies, making of such decisions or following of such lines of action which are desirable in terms of objectives and values of our society." Further, decisions are taken by the business for reasons at least partially beyond the firm's direct economic or technical interest.

The theme of social responsibility is that

(i) A business firm should not ignore the welfare of the society

(ii) Policies and decisions of the business enterprise, should focus on values of society

(iii) Earning profit by honoring values of society and finally assist the promotion of welfare of the society. corporate social responsibility initiatives are standards and measures that businesses put in place to benefit society. Generally speaking, these initiatives are based on sustainability in four different categories.







The four types of Corporate Social Responsibility

 Environmental sustainability initiatives,
 Direct philanthropic giving,
 Ethical business practices
 Economic responsibility.



References
Lucidchart.com. (2019). 4 Fundamental Change Management Models | Lucidchart Blog. [online] Available at: https://www.lucidchart.com/blog/four-fundamental-change-management-models [Accessed 3 Jan. 2019].
Shopify. (2019). Corporate Culture Definition - What is Corporate Culture. [online] Available at: https://www.shopify.com/encyclopedia/corporate-culture [Accessed 3 Jan. 2019].



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