Social Responsibilities of Business and Business-softcopy
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Transcript of Social Responsibilities of Business and Business-softcopy
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SOCIAL RESPONSIBILITIES
OF BUSINESS AND BUSINESS
ETHICSConcept, Need & Area of Social Responsibility
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Concept of Social Obligation
H.R.Bowendefines Social responsibility
of business refers to the obligation of
business to pursue those policies, to makethose decisions, or to follow those lines of
action, which are desirable in terms of
objectives and values of our society
The International Seminar on social
responsibilities of business held in
1965 at New Delhi had defined theterm as
Responsibility to itself, to its
consumers, workers, shareholders,
and the community, and its task of
management to reconcile theseseparate and sometimes conflicting
responsibilities.
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Need/Case for Social Obligation
Protection of Environment
Good Public Image
Concept of Trusteeship
Fear of Government control
Long-term Self Interest
Changed Expectation of the society
Trade Union Pressure
Pressure of Consumer Movement
Better Utilization of Resources
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Areas/Scope of Social responsibilities of
business
Business
organizationhas social
responsibilities
towards
different
interest group
such asfollows:
Responsibility towards Employees
Responsibility towards Shareholders
Responsibility towards Customers
Responsibility towards Society
Responsibility towards Government
Responsibility towards Debenture holder
Responsibility towards Suppliers
Responsibility towards Financial Institution
Responsibility towards Competitors
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Social values refers to human or moral values or principles that are essentially
desirable for the well being of an individual, a group or a society.
Social values
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Social Values
Sometimes great life-changingvalues come to us in briefmoments of contact with highpotential personalities- statesWalter Mac Peek.
Truth and Honesty
Justice and kindness
Generosity
Tolerance
Patriotism
Cooperation
Respect for senior or elders
Excellence
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Nature and Characteristics of socialvalues
Values are inculcated
Well accepted principles
Time-tested existence Basis of human values
Values reflect character
Values change gradually
Classification of values:
Moral and social values
Traditional and modern values
Intrinsic and instrumental values
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Importance of Social Values
Values foster Economic Progress
Values foster Social Development
Values improve Social Relation
Values facilitate Regional Cooperation
Values generate Love, Peace, and Happiness
Values improves Standard of Living
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Thomas M. Garet defines Business ethics is primarily concerned with the relationship
of business goals and techniques to specify human needs.
Business ethics
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Need and importance of business ethics Protection of consumer rights
Social responsibility
Concept of socialism
Interest of industry
Consumer movement
Better relation with the society
Buyers market
Beneficial to business and society
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Contents of Business Ethics Business ethics towards Employees
Business ethics towards Customers
Business ethic towards Competitors
Business ethics towards Government
Business ethics towards Suppliers
Business ethics towards Dealers
Business ethics towards Shareholders
Business ethics towards Financial
Institution
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O.C. textbook S.Y.J.C.
BIBLIOGRAPHY
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