What Is Responsibility Essay

It would be wise to understand that there exists exclusive difference on how different people would view social responsibility. In the field of economics, the views may be evaluated on the basis of the different schools of thought.

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In this regard, it would be wise to determine the Classical and socio-economic view of social responsibility. The views of the classics on social responsibility, as well as the socioeconomic view, are two ideological perspectives that aim to define the role of business in the society.

Economist Milton Friedman, who is a major representative of Classical economist, proposed that businesses have no responsibility to their communities rest making massive money for shareholders within a given period of time Mirowski, This is an indication that the classical economists are never concerned of the community outside its business premises. Social responsibility is not in the plan of all companies that believe in the classics economic theories. Such companies are only interested on the satisfaction of its stakeholders with exclusive emphasis on the shareholders who possess the driving force for the organization Etzioni, On the other hand, socio-economic view states that organizations have a duty to act in the most outstanding wellbeing of the public while carrying out business. This is the most common economic view as most companies seek to establish extensively outstanding relationships with communities surrounding their operations. What Is Responsibility Essay

These companies What Is Responsibility Essay it unfair to operate in a sound, in an environment characterized with friendly members of the society and take away the entire profit without extending help to the society Scott, When declaring their revenue or profit margins companies, under the socio-economic view, will always account for social responsibility to the community in the surrounding. Question two Social obligation refers to the responsibilities that an organization or a person has to carry out in a bid to be beneficial to the society. In most cases, this social element is mandatory in an organization. The responsibilities are not debatable as they are defined as core practices for the organization Christman, An obligation may as well be defined as a duty. This means that it has to be carried out despite the situation of the company at a given time.

Duties are done in a routine manner. Therefore, at no point should social obligations be ignored.

Question two

Social responsiveness refers What Is Responsibility Essay a situation where an organization involves itself in social actions that act as a response to certain popular social need. In most cases, dangerous situations will arise within the community, and it is the duty of the society to deal with article source events.

This is because such events may have direct harm to the organization Okamoto, Therefore, when organizations are in the bid to eliminate the prevalent problem within their business premises, they save the society from the pain of the What Is Responsibility Essay without their knowledge. Social responsibility refers to ethical theory that entities in a form of organization and individuals have in a bid to act for the benefit of the entire society.

Social responsibility is usually encouraged among all people in a bid to ensure that there exists a balance between the economy and the livelihood of the members of the society. Social responsibility is in the development agendas of most companies willing to attract performance and development in their activities Chen, ]

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Intercultural Management Analysis and Examples of Leadership	2 hours ago · The Recruiting Value of Corporate Social Responsibility According to Kim and Park (), corporate social responsibility (CSR) activities can be used as recruiting techniques to attract potential employees who believe the firm and its CSR efforts are ethically appropriate. 3 days ago · Social responsibility is usually encouraged among all people in a bid to ensure that there exists a balance between the economy and the livelihood of the members of the society. Social responsibility is in the development agendas of most companies willing to attract performance and development in their activities (Chen, ). 1 day ago · Every year people get a lot of responsibility. according to him the only aim of narrative essay examples high school the business executives essay on the lives of others should lie in the maximizing the profit of their organizations and the most important measure of profit is undoubtedly the narrative essay prompt amount of money which the business makes to avoid responsibility essay .
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