Classical and Socioeconomic Views of Social Responsibility

Those who doesn’t support the adherents of social-oriented economic approach say that business exists in order to make benefit from producing and selling goods and services to people. They say that companies are responsible to their investors, so workers and managers should concentrate on compensating of the investments (Thompson, 2010). They also claim that all the financial, personal and other resources of the company should work only to make the benefits of business better. If a society has problems, and those problems influence the whole society, then why should some company or some business solve these problems? Besides, there are special people in the state and in the government who are responsible for the social problems and all the social matters in general and it is their job to take care of these issues (Nemerowicz, 1997). These are the opinions that are based on a hypothesis that business should care only for better benefits and social problems is the problem of a State and it’s government.

References

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Duckworth, H.A., Moore, R.A. (2010). Social Responsibility: Failure Mode Effects and Analysis. p. 69.

Galbreath, J. (2009). Building corporate social responsibility into strategy. European Business Review, 21(2), 109-127.

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Nemerowicz, G.M., Rosi, E. (1997). Education for leadership and social responsibility. pp. 101-102.

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Thompson, D.W., Panwar, R., Hansen, E.N. (2010). Examining social responsibility orientation gaps between society and industry executives. Management Decision, 48(1), 156-171.

Viswesvaran, C., Deshpande, S., Milman, C. (1998). The effect of corporate social responsibility on employee counterproductive behavior. Cross Cultural Management, 5(4), 5-12.

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