What are your thoughta on social responsibilities .Memtion your arguments to consider?
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“If you are in the luckiest of 1% of humanity, you owe it to the rest of humanity to think about the other 99%,” said Warren Buffett. Mr. Buffett understood that the purpose of any business is not only to make a profit but also to be responsible for its actions and decisions. Social responsibility is the duty of businesses towards society. Businessmen must review their impact of decisions and actions on the different sections of society.
(Social Responsibility)
According to Peter F Druker, “Social responsibility requires managers to consider whether their actions are likely to promote the public good, to advance the basic belief of society, to contribute to its stability strength and harmony.” Social responsibility refers to the voluntary efforts on the part of the business to contribute to the social well being. The moral idea behind this is that the businesses use resources of the society so they must give something back to the society.
(The Need for Social Responsibilit)
Self-interest: It is in the self-interest of the business to have a social responsibility as it opens opportunities for understanding the problems and issues of society.
A better environment for Business: In today’s cynical age, social responsibility keeps the businesses honest and the markets stable.
Public image: When a business takes initiative to solve the problems of the society, it puts the business in the goodwill of the people.
Social power: A leader is a helper. Helping the society is a form of social responsibility. Executing social work helps the business attain social power within the society.
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Social Responsibilities of Business
Social Responsibility
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“If you are in the luckiest of 1% of humanity, you owe it to the rest of humanity to think about the other 99%,” said Warren Buffett. Mr. Buffett understood that the purpose of any business is not only to make a profit but also to be responsible for its actions and decisions. Social responsibility is the duty of businesses towards society. Businessmen must review their impact of decisions and actions on the different sections of society.
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Social Responsibility
According to Peter F Druker, “Social responsibility requires managers to consider whether their actions are likely to promote the public good, to advance the basic belief of society, to contribute to its stability strength and harmony.” Social responsibility refers to the voluntary efforts on the part of the business to contribute to the social well being. The moral idea behind this is that the businesses use resources of the society so they must give something back to the society.
Social Responsibility
source: clomedia
The Need for Social Responsibility
Self-interest: It is in the self-interest of the business to have a social responsibility as it opens opportunities for understanding the problems and issues of society.
A better environment for Business: In today’s cynical age, social responsibility keeps the businesses honest and the markets stable.
Public image: When a business