Arguments for Social Responsibility u Fewer coyernrmenr requlations u Balance of responsibility alnd power Stockholder ineresis a Possession or resources I Preyernrion versus cures Cross-Cultural Management l
Cross-Cultural Management 16 Arguments for Social Responsibility Fewer government regulations Balance of responsibility and power Stockholder interests Possession of resources Prevention versus cures
Arguments against Social Responsibility Violation of profit maximization Dilution of purpose Costs outweigh benefits Too much power · Lack of ski|ls Lack of accountability Lack of broad public support 17 Cross-Cultural Management
Cross-Cultural Management 17 Arguments Against Social Responsibility • Violation of profit maximization • Dilution of purpose • Costs outweigh benefits • Too much power • Lack of skills • Lack of accountability • Lack of broad public support
Answer to Question 3 Yes, he's heavily involved with the community and places the customer first. The fact he has a positive business/profit outcome does not diminish the social responsibility of his actions Cross-Cultural Management
Cross-Cultural Management 18 Answer to Question 3 • Yes, he’s heavily involved with the community and places the customer first. The fact he has a positive business/profit outcome does not diminish the social responsibility of his actions