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Social Responsibility l

Social Responsibility l - SocialEnvironment...

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Social Environment  Social Responsibility of Business Aswathappa: Chapter 33 and 34
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Social Responsibility Obligation of decision makers to act to protect and improve the welfare of society as a whole along with their own interests. Two levels: 1. Micro – where individual companies are socially responsive 2. Macro – where the government takes the responsibility of fulfilling social needs
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Social Responsibility Models Ackerman’s Model Phase 1: CEO notes a problem and merely makes a written or oral statement of the company policy towards it Phase 2: Company hires specialists or seeks external consultancy to discuss how to deal with the problem. Plans and intentions have been made Phase 3: Implementation
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Social Responsibility Models Carroll’s Four-Part Model Economic responsibilities Legal responsibilities Ethical responsibilities Discretionary responsibilities Social  Responsibility
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Barriers to Social Responsibility
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