Accounting technicians scheme west africa
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| C.1.2 Arguments for Social Responsibility 1. Public needs have changed, leading to changed expectations. Since business received its direction of activities from the society, it has to respond to the needs of the society. 2. Business is one of the institutions that create many of the social problems that exist today, so it should play a principal role in solving them especially in the areas or pollution reduction and toxic waste cleanup. The creation of abetter social environment benefits both society and business. Society gains through better neighbourhoods and employment opportunities, business benefits from abetter community, since the community is the source of its workforce and the consumer of its products and services. 4. Business involvement in social responsibility discourages additional government regulation and intervention. The result is greater freedom and more flexibility indecision making for business. 5. As members of the society, businesses should do their fair share to help others. 6. Business should be more responsible because they have a great deal of power, f financial and technical resources to help solve social problems. 7. Social involvement creates a favourable public image. Thus, a firm may attract customers, employees and investors because of its social activities. 8. Business should try to solve the problems that other institutions have not been able to solve more also when business has a history of innovative ideas. 9. Business has the resources such as talented managers, specialists, as well as its capital resources, to solve some of the society's problems. 10. Social responsibility is necessary to ensure economic survival, if business wants educated and healthy employees, customers with money to spend, and suppliers with quality goods and services in years to come, they must take steps now to solve the social and environmental problems that exist today and this can be done through social activities. 44 11. It is cheaper for business to prevent social through social activities than cure or solve the social problems generated through lack of attention to them. Download 3.37 Mb. Share with your friends:
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