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Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility. - Business Studies

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प्रश्न

Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.

थोडक्यात उत्तर

उत्तर

The following are the forces which are responsible for increasing the concern of business enterprises for social responsibility.

(a) Threat of public regulation: The government is meant to safeguard the interests of society. Thus, in case the government feels that a business enterprise is behaving in a manner that is not socially desirable, then it can regulate the operations of that enterprise accordingly.

(b) Pressure of labour movement: The increase in capital mobility over time has increased the pressure on business enterprises to pay attention to the welfare of workers, by providing them with healthy working conditions along with good remuneration.

(c) Impact of consumer consciousness: As consumers today are aware of their rights and responsibilities, they take their decisions more rationally. Thus, business enterprises are made to work more efficiently and produce better products at reasonable rates to satisfy their customers.

(d) Development of social standards: Business enterprises are not mere profit-making entities. For their long-term growth and existence, they require to fulfil the new standards of social welfare.

(e) Development of business education: The spread of education over time has made consumers, investors, employees and owners more of social problems, thereby making them more sensitive to social issues.

(f) Relationship between social interest and business interest: No business enterprise can work in isolation from society. Thus, there should be a balance between business interests and social interests, such that the business can grow by doing the maximum good to society.

(g) Development of a professional managerial class: Every business professional pursues the goal of profit maximization. But today’s professional managers make efforts to satisfy the interests of all members of society.

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पाठ 6: Social Responsibilities of Business and Business Ethics - Long Answer Questions [पृष्ठ १५९]

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एनसीईआरटी Business Studies [English] Class 11
पाठ 6 Social Responsibilities of Business and Business Ethics
Long Answer Questions | Q 2 | पृष्ठ १५९

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संबंधित प्रश्‍न

State with reasons whether the following statements are True or False

Business organisations do not have various types of social responsibilities.


State with reasons, whether the following statement is True or False:

The business organisation has various types of social responsibilities.


Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.


State the meaning of Corporate Social Responsibility as per the Companies Act 2013.


Select the correct option.

(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)

Group A Group B
1) After-sales service ____________
2) Timely payment of proper taxes ____________
3) ____________ Protest Anti Social Activities
4) _____________ Fair practices on the stock exchange

Correct the underlined word and rewrite the sentence.
 Social responsibility is a narrower term than legal responsibility of business.


Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.


Correct the underlined word and rewrite the sentence.

Social values are based on perceptions of right or wrong.


Explain the following term/concept.

Social responsibility


Explain the following term/concept.

Concept of Trusteeship


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a daycare center for kids and work from home facility. Even management takes their suggestions while taking the decisions though they are members of trade union.
  1. By doing this they are following social responsibilities towards which interest groups?
  2. What values are they presenting?
  3. What kind of responsibilities employer follows in the above case?

what is the need for social responsibility?


Choose the Correct Answer.

Assuming Social Responsibility of business helps the enterprise in ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


Who are called Stakeholders?


Explain in detail the concept and need for Social Responsibility?


Discuss the different groups that benefited from the Social Responsibility of business?


Give one word or phrase for the following sentence:

Who propounded the concept of trusteeship?


Justify the following statement.

Social responsibility is necessary for the protection of the environment.


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