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Social responsibility

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Social responsibility

  1. 1. Social Responsibility Prepared by: Makwana Purva E. Enroll. no.107360592012
  2. 2. What is Social Responsibilities ??????? <ul><li>Social responsibility of business refers to all such duties and obligations of business directed towards the welfare of society. </li></ul><ul><li>an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact on it. </li></ul>
  3. 3. Dimensions of SR: <ul><li>Social responsibilities includes four dimension : </li></ul><ul><li>Legal, </li></ul><ul><li>Ethical, </li></ul><ul><li>Economic, </li></ul><ul><li>Philanthropic (discretionary) dimensions </li></ul>
  4. 4. Legal Dimension... <ul><li>refers to obeying governmental laws and regulations </li></ul><ul><li>civil law: </li></ul><ul><li>rights & duties of individuals and organizations </li></ul><ul><li>criminal law: </li></ul><ul><li>prohibits specific actions and imposes fines and/or imprisonment as punishment for breaking the law </li></ul>
  5. 5. Ethical Dimension... <ul><li>behaviors and activities that are expected or prohibited by organizational members, the community, and society (not codified into law) </li></ul><ul><li>standards, norms, or expectations that reflect the concern of major stakeholders. </li></ul>
  6. 6. Economic Responsibilities... <ul><li>how resources for the production of goods and services are distributed within the social system </li></ul><ul><li>consumers always favor socially responsible companies or are they most enamored with companies that maximize profits. </li></ul>
  7. 7. Philanthropic Dimension... <ul><li>business’s contributions to society </li></ul><ul><li>strategic philanthropy </li></ul><ul><ul><li>Home Depot </li></ul></ul><ul><ul><li>Microsoft, Hewlett Packard, IBM </li></ul></ul><ul><ul><li>Avon </li></ul></ul>
  8. 8. Definitions: <ul><li>According to Koontz & O'Donnell, </li></ul><ul><li>“ It is the personal obligation of every one as </li></ul><ul><li>he acts for his own interests to assure that the rights </li></ul><ul><li>and legitimate interests of all others are not impinged” </li></ul><ul><li>According to K.R. Andrews, </li></ul><ul><li>“ Conceptually SR may be taken to mean intelligent and objective concern for the welfare of the society” </li></ul>
  9. 9. Contd.. <ul><li>According to Howard R. Brown, </li></ul><ul><li>“ SR of B’ness refers to the obligation of B’ness </li></ul><ul><li>to pursue those policies </li></ul><ul><li>to make those decisions or </li></ul><ul><li>to follow those lines of action </li></ul><ul><li>which are desirable in terms of the objectives and values of the society” </li></ul>
  10. 10. Forces for increasing concern about SR <ul><li>Consumerism : </li></ul><ul><li>concern customers abt their rights. Businessman have been forced to care for the interests of consumers. </li></ul><ul><li>Public opinion : </li></ul><ul><li>public opinion and the threat of govt. control has made businessman to be responsible. </li></ul><ul><li>Trade unionism : </li></ul><ul><li>growing power of TU and labor laws have led b’ness to be concerned with labour welfare. </li></ul><ul><li>Trusteeship : </li></ul><ul><li>This principle suggests tht b’ness mgr should be caretakers of their property holding it in trust for the society as a whole. </li></ul>
  11. 11. Thanks...........

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