What are the arguments for and against increasing the social responsibility of business?
The arguments for increasing the social responsibility of business are the following:
a.Business cannot ignore social issues because it is a part of our society.
b.Business has the technical, financial, and managerial resources that are needed to tackle today’s complex social issues.
c.By helping resolve social issues, business can create a more stable environment for long-term profitability.
d.Socially responsible decision making by business firms can prevent increased government intervention.
The arguments against increasing social responsibility are the following:
a.Business managers are primarily responsible to stockholders, so management must be concerned with providing a return on owners’ investments.
b.Corporate time, money, and talent should be used to maximize profits, not to solve society’s problems.
c.Because social problems affect society in general, business should not be expected to solve these problems.
d.Social issues are the responsibility of officials who are elected for that purpose and who are accountable to the voters for their decisions.
What are the arguments for and against increasing the social responsibility of business?
The arguments for increasing the social responsibility of business are the following:
a.Business cannot ignore social issues because it is a part of our society.
b.Business has the technical, financial, and managerial resources that are needed to tackle today’s complex social issues.
c.By helping resolve social issues, business can create a more stable environment for long-term profitability.
d.Socially responsible decision making by business firms can prevent increased government intervention.
The arguments against increasing social responsibility are the following:
a.Business managers are primarily responsible to stockholders, so management must be concerned with providing a return on owners’ investments.
b.Corporate time, money, and talent should be used to maximize profits, not to solve society’s problems.
c.Because social problems affect society in general, business should not be expected to solve these problems.
d.Social issues are the responsibility of officials who are elected for that purpose and who are accountable to the voters for their decisions.
การแปล กรุณารอสักครู่..