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Management Concepts & Organisational Behaviour - Social Responsibilities Of Business

Meaning and Scope of Social responsibility

   Posted On :  17.05.2018 08:35 am

According to Keith Davis’ social responsibilities of business refers to “the businessman’s decisions and actions taken to reasons at least partially beyond the firms direct economic or technical interest”.

Meaning and Scope of Social responsibility

According to Keith Davis’ social responsibilities of business refers to “the businessman’s decisions and actions taken to reasons at least partially beyond the firms direct economic or technical interest”. To quote Andrews, “ By social responsibility, we mean intelligent and objective concern for the welfare of society that restrains individual and corporate behavior from ultimately destructive activities, no matter how immediately profitable, and leads in the direction of positive contribution to human betterment variously as the latter may be defined”.
 
H.R. Bowen’s observation on social responsibility is clearer and point to the specifics of the concept. He suggests that business managers are bound to “pursue those policies, to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society”. Thus as the above definitions indicate, the concern for the society on the part of managers imply a particular behavior which is in line with the societal interests. It suggests that refrain from actions detrimental to the interests of the society.
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