Analysis of the Dangers of Social Responsibility Article by Levitt - Essay Example

Activists against capitalism have pushed forth to ensure that businesses do not only take profits from society but also contribute towards the well-being and development of society (Levitt, n.d.).

According to the author, the social responsibility evolution aspect in the business world is the main aspect that will enable socially responsible businesses to thrive while profit-oriented entities and self-centered executives fall (p. 464). Remarkably, the author indicates that personal social responsibility values such as self-conscious and non-profit endeavors are the key aspects of a responsible manager that will enable the business to thrive in the public and reduce resistance evoked by capitalism.

The article articulates that social responsibility is not a threat to the success of a businessperson, but long-term benefits from society compared to the short-term business environment offered by society to selfish and profit-oriented executives. Social responsibility remains the main aspect towards the survival of a business and reduces conflicts among the executive and the governments despite the function of a business to yield a high level of profits. Additionally, the author recognizes the failure of businesses to recognize social responsibility that has led to the rise of unions and welfare programs to safeguard the community against ill-motivated economists whose sole interest is to uphold capitalism and deprive the resources of society, labor, agriculture, and the government.

Important Features, Facts, and HighlightsThe article have highlighted several facts and features that include: i. Social responsibility in business does not only ensure survival in a society, but long-term maximization of reasonable profits. ii. Most businesses are profit-oriented and do not intend to give back to society. iii. Some business practices and motives continue to accomplish American capitalism as well as create poverty in society leading to increased slums. iv.

Socially responsible management receives high levels of support from society compared to self-centered management focused on depriving the sources of uphold in society. v. Capitalism has been the main source of conflicts in various sectors of the economy posing a great threat to the business's survival. vi. Management is always faced with numerous critics, which it can only avoid by involving society in terms of ensuring that it maintains civil rights and restricts the free operation of the profit motive.

Refection SummaryThe articles have evoked a sense of exploitation by the capitalists who think that they can just come up with a business that is aimed at deteriorating the life of an individual as well as the society by making exorbitant profits. It has further made me take note of how social responsibility plays an important role in the economy. However, I feel that there should be no division, be it natural or instigated by individuals (capitalists), between the social and economic functions in terms of social aspects tied to society and the economic motives.