What are the views on social responsibility?
What are the views on social responsibility? The theory of social responsibility is built on a system of ethics, in which decisions and actions must be ethically validated before proceeding. If the action or decision causes harm to society or the environment, then it would be considered to be socially irresponsible.
What are the two views of corporate responsibility?
There are two major perspectives on Corporate Social Responsibility, Friedmans Classical Perspective and Freemans Stakeholder Perspective.
What are the two opposing views of social responsibility?
Corporate social responsibility (CSR) has been characterized as a crucial element of the social contract between business and society. However, despite decades of research, the purpose of this contract is the subject of debate. Two opposing views have been posited by analysts—the altruistic view and the strategic view.
What are the disadvantages of social responsibility?
The most important drawback of CSR is that its costs fall disproportionately on small companies. Big businesses can allocate a budget to CSR coverage, but this isn't necessarily available to smaller companies with between 10 and 200 workers.