What Are The Factors Responsible For Popularity of Social Responsibility Concept?


0
4 comments

Approaches-to-CSR

Advertisement

 

 

Factors Responsible for popularity of Social Responsibility Concept:

 

  • Growing Expectation –

                 The normal expectations of different social groups & also the society are growing & deepening. The businessman finds it difficult to ignore such growing expectations of the society.

 

  • Favourable Image –

                 Business have a desire to create a favourable image in the society.

They are willing to expand their areas of operations & spend on those areas for such an image. In order to get social social recognition, the businessman  must accept more social responsibilities.

 

  • Threat of Strict Control –

                Businessman have now realized that if business doesn’t respond to social obligations the government will compel them to accept social responsibilities through social social legislations.

 

  • Professional Management –

                The introduction of professional management has given a boost to the idea of social responsibility of business.

 

                 Changes are taking place rapidly in the business environment. For eg – Consumerism, government control, ecological balance etc. These have put on pressures on business to assume social responsibility.

 

  • Organized Labour Force –

                   The business have no alternatives but to accept the demands & expectations of the organized labour force because of their pressures.

 

  • Realization of Long Term Benefits –

                    Businessman have realized that it is in their interest to assume social responsibility in the long run to expand business with the support & co-operation of the entire society.

            Conclusion-

                                  Thus the concept of social responsibility is applicable to all    business irrespective of their size & nature of activity. The concept is now universally accepted and recognized. It has been termed as “Corporate Science”.

 

 

Advertisement
The following two tabs change content below.

Like it? Share with your friends!

0
4 comments

4 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format