Advertisements
Advertisements
Question
Distinguish between the following.
Traditional social responsibility and corporate social responsibility.
Advertisements
Solution
| Basis of Difference |
Traditional Social Responsibility |
Corporate Social Responsibility |
| Meaning | Traditionally, traders and emperors used to help the poor and underprivileged with the profits they made. |
In modern times, business units commit to behave ethically and work towards the welfare of society. |
| Scope | Operates at an individual or micro level | Operates at the macro level, i.e., whole economy |
| Concept | It has the philanthropic concept. |
It includes philanthropic, ethical, legal and economic concepts. |
| Evolution | It evolved in ancient India and the pre-Christian era. | It evolved after the World War II. |
| Type | It includes tangible goals; so, it is narrowly defined. | It includes both tangible and intangible goals; so, it is broadly defined. |
APPEARS IN
RELATED QUESTIONS
Any ‘five cases’ (needs) of social responsibilities of business.
Government has established _______ to settle consumers’ disputes by compromise.
State with reasons, whether the following statement is True or False:
The business organisation has various types of social responsibilities.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
Choose the correct option for the following:
If business is to operate in a society which is full of diverse and complicated problems, it may have
Choose the correct option for the following:
Business people have the skills to solve
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.
For economic growth and national security ______ stability is required.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | Employees | 1) | Good quality product |
| B) | Responsibility to Investors | 2) | To maintain solvency and prestige |
| C) | Responsibility towards government | 3) | To serve society |
| D) | Economic Objective | 4) | Voluntary |
| E) | Business ethics | 5) | Job security |
| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
| 8) | To earn profit | ||
|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
Answer in one sentence.
What type of advertising should be avoided?
Correct the underlined word and rewrite the sentence.
Social responsibility is a narrower term than legal responsibility of business.
Explain the following term/concept.
Concept of Trusteeship
Study the following case/situation and express your opinion.
|
A vehicle manufacturing company has adopted the following practices.
|
- by doing this, the business organisation follows social responsibility towards which interest group?
- What kind of pollution do they want to avoid?
- What kind of message do they want to convey?
What is corporate social responsibility?
Choose the Correct Answer.
The Stakeholders of Socially Responsible business units are except ______
What do you mean by Social Responsibility?
Who are called Stakeholders?
Define the Concept of Social Responsibility?
Discuss the different groups that benefited from the Social Responsibility of business?
