MODERN MANAGEMENT Proposition 3:The social costs and benefits of an activity, product,or seryice,shall be thoroughly calculated and considered in deciding whether to proceed with it Proposition 4i,The social costs related to each activity,product, or service shall be passed on to the consumer "Proposition 5:Business institutions,as citizens,have the responsibility to become involved in certain social problems that are outside their normal areas of operation
Modern management ▪ Proposition 3: The social costs and benefits of an activity, product, or service shall be thoroughly calculated and considered in deciding whether to proceed with it ▪ Proposition 4: The social costs related to each activity, product, or service shall be passed on to the consumer ▪ Proposition 5: Business institutions, as citizens, have the responsibility to become involved in certain social problems that are outside their normal areas of operation
MODERN MANAGEMENT 2.Areas of corporate social responsibility Going Green ·urban affairs, consumer affairs, %e1 约07 community volunteerism, GO ©f employment practices GREEN 2 66 TIPS To Unpack Your Life! 3 ◆04 656
Modern management 2. Areas of corporate social responsibility • urban affairs, • consumer affairs, • community volunteerism, • employment practices
MODERN MANAGEMENT ATT钢 WORLD w MOHAWK Presenting the Coca-Cola India Sustainability Update 2018/19 KNOW MORE OUR PEOPLE .a note from our founder 的山 CORN FLAKES 6一 modk TwT05102g CHEJFmtee
Modern management
MODERN MANAGEMENT 3.Varying opinions on social responsibility Arguments for Business Performing Social Responsibility Activities .This argument begins with the premise that business,as a whole,is a subset of society,one that exerts a significant impact on the way society exists.Because business is such an influential member of society,the argument continues,it has the responsibility to help maintain and improve the overall welfare of society. Because profitability and growth go hand-in-hand with responsible treatment of employees,customers,and the community.This argument says,essentially,that performing social responsibility activities is a means of earning greater organizational profit
Modern management 3. Varying opinions on social responsibility Arguments for Business Performing Social Responsibility Activities •This argument begins with the premise that business, as a whole, is a subset of society, one that exerts a significant impact on the way society exists. Because business is such an influential member of society, the argument continues, it has the responsibility to help maintain and improve the overall welfare of society. •Because profitability and growth go hand-in-hand with responsible treatment of employees, customers, and the community. This argument says, essentially, that performing social responsibility activities is a means of earning greater organizational profit
MODERN MANAGEMENT Arguments Against Business Performing Social Responsibility Activities CONTROL DATA CORPORATION The best-known argument against business performing social responsibility activities has been advanced by Milton Friedman,one of America's most distinguished economists. Friedman argues that making business managers simultaneously responsible to business owners for reaching profit objectives and to society for enhancing societal welfare sets up a conflict of interest that could potentially cause the demise of business as it is known today. According to Friedman,this demise will almost certainly occur if business is continually forced to perform socially responsible actions that directly conflict with private organizational objectives
Modern management Arguments Against Business Performing Social Responsibility Activities The best-known argument against business performing social responsibility activities has been advanced by Milton Friedman, one of America’s most distinguished economists. • Friedman argues that making business managers simultaneously responsible to business owners for reaching profit objectives and to society for enhancing societal welfare sets up a conflict of interest that could potentially cause the demise of business as it is known today. • According to Friedman, this demise will almost certainly occur if business is continually forced to perform socially responsible actions that directly conflict with private organizational objectives