Published Oct 22, 2022
2 mins read
427 words
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Economics
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What Are The Causes Of Growing Concern For Social Responsibilities?

Published Oct 22, 2022
2 mins read
427 words

Hello friends and my last two blogs I talked about social responsibility and how it helps in improvement of society and development of the country. Today we will be seen the causes of growing concern for social responsibility or what are the causes that are making it more important for businesses to be socially responsible. Social responsibility is a modern concept it is the result of various economic political social as well as legal forces. These forces have bound the Businessman and compelled them to become more responsible towards the society. There are total 7 causes and we will be seeing them one by one.

These causes are:

1. Public opinion

2. Consumerism

3. Trade union movement

4. Public relations

6 .Education

7. Managerial revolution

Public opinion : the fear of public interference or the interference of government has force many Businessman and companies to consider and think about their social responsibilities. Public opinion and the thread of government regulation or ownership have compiled them to identify their behaviour and act in a more socially responsible way.

Consumerism:The establishment of many consumer organisations and the growing awareness among consumers has made businesses more responsive and proactive towards the needs and desires consumer satisfaction is the main aim of all businesses businesses no longer can exploit consumers who are aware and know about the rights.

Trade union movement: this point is in respect to the workers are the labours in an organisation. Increasing strength and Unity of all labours has first Businessman to respect the rights and give them a fairy for their work. Human relations and Labour registrations have high trade unions in this respect. Now  there is a increasing recognition of human factor and business.

Public relations: businesses in Modern Times are aware that their survival and growth depends on the image they present to the public. In order to improve their image in the mind of people they create brand awareness at a huge level and respond to the Expectations of society.

Education: the rise of education and its spread has led Businessman to be more concern about what they provide to the society and their social standards. Many self and lighting business leaders have encouraged other businesses to realise there social obligations and responsibilities.

Managerial revolution: management is the essence of business. In Modern Times managers whole a very important position in a business and they are aware of the society expectations from it. A business's management helps to fulfills social expectations more responsibly. 

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