Areas of Social Responsibility to Business
Social responsibility creates a better environment for business operations as it improves Quality of life and standard of living of people. So, business will get a better community to conduct business. It is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
Proposed areas of social involvement include the following:
Ecology and environmental quality
(a) Cleanup of existing pollution,
(b) Design of process to prevent pollution,
(c) Aesthetic improvements
(d) Noise control
(e) Dispersion of industry
(f) Control of land use
(g) Required recycling
(a) Truth in lending, in advertising, and in all business activities
(b) Product warranty and service
(c) Control of harmful products.
Community needs
(a) Use of business expertise and community problems
(b) Reduction of business role in community power structure
(c) Aid with healthcare facilities
(d) Aid with urban renewal.
Governmental relations
(a) Restrictions on lobbying
(b) Control of business political action
(c) Extensive new regulation of business
(d) Restrictions on international operations.
Business giving
(a) Financial support for artistic activities
(b) Gifts to education
(c) Financial support to assorted charities.
Minorities and disadvantaged persons
(a) Training of hardcore unemployed
(b) Equal employment opportunity and quotas for minority employment
(c) Operation of programs for alcoholic and drug addicts
(d) Employment of persons with prison records,
(e) Building of plants and offices in minority areas
(f) Purchasing from minority businessman
(g) Retraining of workers displaced by technology.
Labor relation
(a) Improvement of occupational health and safety
(b) Prohibition of ‘export of jobs’ through operations in nations with low labor costs
(c) Provision of day care centers for children of working mothers
(d) Expansion of employee rights
(e) Control of pensions
(f) Impatience with authoritarian structures.
Stockholder relations
(a) Opening of boards of directors to public members representing various interest group
(b) Prohibition of operations in nations with ‘racist’ or ‘colonial’ governments
(c) Improvement of financial disclosure.
Economic activities
(a) Control of Conglomerates
(b) Breakup of giant industry
(c) Restriction of patent use.
