to use their competence to solve social problems and thereby play a leadership role. . Professional Conduct Professional managers are required to display a keen social sensitivity and serve the society as a whole. Social responsibility is one of the professional demands on managers.
They adhere to the code of conduct and ethics applicable to respective area of operation. . Public Opinion Adoption of social responsibility as an objective will help to improve the public opinion of business. A good public image is a valuable asset for business.
For example maintaining parks, traffic islands and organising awareness camps etc., Arguments Against Social Responsibilitly Critics of the social responsibility concept put forward the following arguments: . Lack of Conceptual Clarity The concept of Social responsibility is very vague and amenable to different interpretations. There is no consensus on its meaning and scope. In such a situation, it would be futile as well as risky to accept social responsibility.
. Dilution of Economic Goals By accepting social responsibility, business will compromise with economic goals. Business is an economic institution and its only responsibility is to make maximum possible profits for its owners. It would endanger its economic viability by accepting any other responsibility.
Commerce - - . . PM . Lack of Social Skill Business organisations and their managers are not familiar with social affairs.
There are special social service organisations such as Government and Non-Governmental Agencies which can better deal with social problems. . Burden on Consumers If business deals with social problems, cost of doing business would increase. These costs will be passed on to consumers in the form of higher prices or will have to be borne by owners.
This would lead to taxation without representation. . Responsibility without Power Business organisations possess only economic power and not social power. It is unjust to impose social responsibilities with social power.
If business is allowed to intervene in social affairs it may perpetuate its own value system to the detriment of society. . Misuse of Responsibilities Acceptance of social responsibilities will involve diversion of precious managerial time and talent