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Social Responsibilities of Business

An exhaustive discussion of the different ethical models governing business ethics and social responsibilities of business organizations in the community, in the country and to the people at large.

language english
wordcount 6409 (cca 18 pages)
contextual quality N/A
language level N/A
price free
sources 3
Table of contents

Introduction 2
The New Business Ethics 2
The Concept of Social Responsibility 2
Business and Its Various Publics 3
Customer Relations 4
Concern for Employee Welfare 4
Stockholder Relations 5
Government Relations 6
Competitors 7
The Case For and Against Social Responsibility 8
Factors Behind the New Business Ethics 8
The Austere Model 9
The Household Model 10
The Vendor Model 10
The Investment Model 11
The Civic Model 11
The Artistic Model 11
Executive Profile and Social Responsibility 12
References 13

Preview of the essay: Social Responsibilities of Business


For an untold number of years until recent times, there was the prevailing view that business is merely the means by which goods are produced and services rendered to people for their personal satisfaction, the purpose of which is to make profits for the owners and nothing else. From this point of view, business is inherently selfish in its aims and objectives.

It was also believed that business is devoid of any social responsibility whatsoever and as such it can insulate itself from the environment in which it operates.

Such views were shared by some businessmen are now increasingly called into questions

The New Business Ethics

Today, most large business firms are in the form of corporations which are looked upon as endowed with a heart ...

... general run of mankind, however, expectations and mandates rise as authority, power and influence accrue to a person. Rank has not only its privileges but also its increased responsibility to give an example of impeccable conduct. More is expected from him than an individual in the lower station of life. To paraphrase President Harry Truman of the United States, if the executive cannot bear the ethical heat, let him stay out of the organizational kitchen.

The business executive must look upon his power and authority in the business organization not only with a view of harnessing resources and combining them to produce the desired products the people want and need but also as a golden opportunity to contribute to the development of workers and employees to their fullest potential.
Essay is in categories


Public Relations


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