Barriers of Social Responsibility

Every one has some barriers to perform social responsibilities.
1. The individual manager:
Managers are the ultimate person to perform social responsibilities. There some managers who want to retard to perform social responsibilities. They don’t want that any change comes in the business because they have to face the new challenges. So their attitude that means their attitude is negative to the society.

Arguments Against to Social Responsibility

The major arguments against the assumption of social responsibilities by business are:
1) Violation of profit maximization: This is the essence of the classical viewpoint. Business is most socially responsible when it attends strictly to its economic interests and leaves other activities to other institutions.

2) Dilution of purpose: The pursuit of social goals dilutes business’s primary purpose: economic productivity. Society may suffer as both economic and social goals are poorly accomplished.

Arguments for Social Responsibility

The major arguments for the assumption of social responsibilities by business are:
1) Public expectations: Social expectations of business have increased dramatically since the 1960s. Public opinion in support of business pursuing social as well as economic goals is now well solidified.

2) Long run profits: Socially responsible businesses tend to have more and secure long run profits. This is the normal result of the better community relations and improved business image that responsible.

Government Responsibility to Business

1. Establishment and Enforcement of law:
Government established and enforces law and regulation under which the business functions. Law and regulations covering all aspects of business enacted by the government.

2. Money and credit:
Government provides a system of money and credit by means of which transaction can be affected.

Business Responsibility towards Different Interest Groups

After getting some idea about the concept and importance of social responsibility of business let us look into the various responsibilities that a business has towards different groups with whom it interacts. The business generally interacts with owners, investors, employees, suppliers, customers, competitors, government and