Business and Tech Redefined

Social responsibility (SR) of managers particularly in business organizations has, been one of the most talked about and widely supported subjects. Traditionally, businesses  basic objective has been defined in terms of profit maximization. The first break 1930s when the view was advanced and accepted that managers of large company make decisions which maintain an equitable balance among the shareholders, employees, customers, suppliers, and general public. Managers were considered trustees interests. Such a view was later developed as the social responsibility.

The phrase social responsibility is widely used in the literature of sociology, an economics, politics, and business management. However, conceptually as well as in also, this has been a volatile, vague, and confused area. Conceptually, people are clear what is the exact meaning of SR and what they are expected to do under practical point of view, the response from business has gone on providing as ranging from mere lip-sympathy to multi-lakh rupees concrete programmes in our From conceptual point of view, SR has been defined by Davis as follows:

“Social responsibilities refer to the businessman’s decisions and actions taken to reasons at least partially beyond the firm’s direct economic or technical interest. “

This is a broad definition of SR and prescribes actions not related to the interests of the organization. Still broader view has been suggested by Andrews when he says that:

“By social responsibility, we mean the intelligent and objective concern for the we society that restrains individual and corporate behavior from ultimately these activities, no matter how immediately profitable, and leads in the direction of contributions to human betterment, variously as the latter may be defined.”

Hope that you would have got some idea about the topic .