We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Management - Essay Example

Comments (0)
Summary
A similar statement was made by Archie Carroll. According to Carroll (1973), “Social responsibility of a business has at least four dimensions: an economic dimension, a legal dimension, an…
Download full paper
GRAB THE BEST PAPER
Management
Read TextPreview

Extract of sample
Management

Download file to see previous pages... The government will then have the money to take measures of social welfare.
The legal dimension proposes that the business organisations should follow the rules and regulations proposed by the government and should not evade taxes. During their operation, business organisations should follow the rules related to health and safety of the staff, rules against racial or sex discrimination, emission norms etc. There are several industry specific rules such as rule related to hazardous waste, which must be followed.
The ethical dimension refers to the business ethics of fair competition while protecting the interest of the major stakeholders be it the shareholders, consumers and the employees. It requires the business owners to work with the moral conscience while taking business decisions.
The discretionary dimension is the philanthropic part of social responsibility wherein the business organisation make donations for the social cause such as poverty alleviation, education of the poor sections of the social, control of a deadly disease like cancer or HIV AIDS. There are donations made by businesses during any national or global calamity. All these become a part of discretionary philanthropic act.
Only two of the four dimensions discussed above has been the part of Friedman’s statement i.e. economic and legal dimension. In his essay, Friedman argues that the ethical and the discretionary dimensions can be the responsibility of any individual be it the businessmen or the employees of the organisation and not the business.
As was insisted in the stakeholder theory by R. Edward Freeman, business organisations have legal obligation towards the primary and secondary stakeholders to run in a profitable and fair manner. The primary stakeholders include shareholders, customers, business partners, employees and the community while the secondary stakeholders include the government and the regulatory bodies, civic institutions ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Management
Introduction The development of globalization in markets worldwide has allowed businesses to achieve a high growth within a relatively short period of time. However, the decrease of time in the expansion of business activities, as a consequence of globalization, has been followed by the increase of relevant risk (Vellani 2007, 134).
7 Pages(1750 words)Essay
Management
Along with the management skills, managers should possess some degree of technical skills (i.e. help wait on tables, occasional food preparation etc in the chosen case study) to manage employees and their problems in an effective manner (Basic Skills for Project Managers).
2 Pages(500 words)Essay
Management - Performance Management
Implementing a performance management system is essential because without such a system the management cannot determine organizational goals. There are different aspects to performance management such as performance planning, monitoring, reviewing performance, and appraising individual performance.
8 Pages(2000 words)Essay
Management
After researching on the product market, the entrepreneur then goes on to establish the business enterprise. However,the strategies used in running the business determine its success and survival in the market.This is dependent on the management theory used by the business.
3 Pages(750 words)Essay
Project Management Risk Management
In order to effectively control the project, it is of great importance that the project managers must clearly identify the risks before starting the project and outline their responses against the various risks identified so that an effective and efficient strategy can be developed to meet the uncertainties related with the project.
6 Pages(1500 words)Essay
Management
Basic definitions of management and organization structure are discussed in this paper. Initially management was considered as an art of directing and controlling people. But now it is considered a science of using expertise of personnel to its maximum potential.
5 Pages(1250 words)Essay
Management
The role of a manager is to properly oversee the assigned tasks of management. He is the person who decides what course of action will be adopted in the wake of managing tasks. He is responsible for delegating work
2 Pages(500 words)Essay
Management
Talent management is one of the vital functions of the human resources department of a company. In order to manage the talents effectively the HR
3 Pages(750 words)Essay
Management
anizing, selecting and involvement of the best qualified staffing and the ability to lead people, each organization has chances to achieve the best outcomes as for the itself as for the stakeholders involved. Proper management ensure setting of such activities as planning and
6 Pages(1500 words)Essay
Management
For the project success, it is essential to identify and categorize any potential risk then evaluate them in the end (Ward &
8 Pages(2000 words)Essay
Let us find you another Essay on topic Management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us