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The words "social responsibility" may be famous among some companies but may be unimportant to others.
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| Submitted: Mon Dec 22 2003
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The words "social responsibility" may be famous among some companies but may be unimportant to others. Social responsibility can be defined as a specific company's obligations to pursue long-term goals, which may be gainful for the society beyond the requirements by the law and economics (Robbins, et. al., 2003: pp. 138). The businesses and organizations are engaged in activities to care for, conserve and contribute to the society's welfare both externally and internally. Social responsibility requires an organization's mission to maximize its positive impact on and minimize the negative occurrences (Lantos. G, 2001: pp. 5). Social responsibility can be sub-divided into two opposing categories. They are, the classical view or also called the purely economic view, and the socioeconomic view. Derived from today's society, majority of businesses are implementing the socioeconomic view as its benefits outweighs the cost. However, the two views that conflict one another will be explained...
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