Fundamentals of Management, 8th ed

Social Responsibility

1. The purpose of business in U.S.

  society is to generate profit

 for 

owners.

2. Involvement in social programs

  gives business too much power.

3. There is potential for conflicts

 of 

interest.

4. Business lacks the expertise to 

  manage social programs.

Arguments for Social Responsibility

Arguments against Social Responsibility

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F I G U R E 2 . 2

Arguments for and Against Social Responsibility

Although many people want everyone to see social responsibility as a desirable aim, in fact, several strong

arguments can be advanced both for and against social responsibility. Hence, organizations and their

managers should carefully assess their own values, beliefs, and priorities when deciding which stance and

approach to take regarding social responsibility.