Give any 3 reasons against the social responsibilities of a businessman
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Hello !
Arguments against Social Responsibilities of Business
1. Businessman should mind his Business: The only business of a devoted businessman is to do his business efficiently. He should concentrate only in his line of business. He should not get involved in the social matters. If his attention is diverted into social problems, the survival of his business unit itself shall become a question.
2. Burden of Additional Costs: The businessman should confine his activities to his business only. Any assumption beyond the economic necessities and legal obligations or stipulation would mean some additional costs.
3. Lack of Competence: The outlook of business managers is primarily economic and technological. They are not trained nor they do have possessed the requisite skills or resources to determine which project is socially desirable and needs support. Hence, if their judgment fails, the amount spent on such projects shall become a waste.
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