Build up arguments for and against social responsibilities.
Answers
Arguments for assuming social responsibility :
(1) The democratic attitude of the government :
After a social and political revolution the country has adopted a planned development democratic economy, so it necessary to integrate, direct, and control the activities of the business towards social welfare.
(2) Consumers interest :
In earlier days consumers dependent on the mercy of the business houses but modern consumers have realized that businesses should not rule over them but render services to them.
(3) Political views :
If there is a democracy in the country workers being the viral and active factor of the business must be accorded participation in the management. They must be consulted in taking important decisions.
(4) Foreign Influence :
The business community of Japan England Germany airport National and moral character. They do not indulge in the bad practices of adulteration, imitation, and duplication. Our business houses should take lessons from these foreign institutions and carry out their business in the best interest of the various classes of society.
(5) Stress on business ethics :
There has been a revolution in the views and thinking of individuals. There are seminars, meetings, and discussions and everywhere it is stressed that a business should assume social responsibility.
Arguments against assuming social responsibility :
(1) Consumers interest :
The business owes its obligation to its customers to supply standard quality of goods at a reasonable price. If the business assumes its social responsibilities towards different classes, the cost of production, and the price of the commodity will increase, which will be against the interest of customers.
(2) Ethics and profit motive are the two different things :
The sole aim of the business is to earn more and more profit. If it becomes a moral entity, its sole aim will be adversely affected.
(3) Social welfare is the responsibility of the government :
It is the responsibility of the Government to adopt various schemes and measures for the uplift the weaker sections of the society. The business has no relationship with welfare schemes.
(4) The danger of dictatorship :
If the business is allowed to build a society at its sweet will, the business will be the dictator and architect of its own fortune. Such state of affairs will also be fatal to the interest of the society and common masses.
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