Social & Cultural/responsibility of business

•knowledge and beliefs •Ideals •preferences

Culture create people, culture& globalization, ambitions, education, family, time dimension, marriage, cultural resources, ethics in business, religion& business, culture determines good& services, attitude to work, attitude to buisness

E. B. Taylor defined culture as "culture is understood as that complex whole which includes knowledge, belief, art, law, morals, customs, and other capabilities acquired by an individual as a member of society."

<p>Human product •learned •socially accepted patterns the •build our personality •cumulative • the existence of culture is continued and it is independent of any individual or group</p> Signup and view all the answers

<p>Machur said &quot;society is a web of social responsibility.&quot; Society is complex pattern of norms of interactions. Professor Wright defined &quot;society is not a group of people it is the system of responsibility that exist between the individual of the group&quot; society is a whole system of social responsibility it is permanent investment it is of 3 types tribal argarian and industrial.</p> Signup and view all the answers

<p>It is the obligation of decision makers to take actions which protect an improve the welfare of society as a whole along with their own interest. These are the obligation and duties of business to society.</p> Signup and view all the answers

<p>Shareholders •owners •environment •government, community •consumer •employees</p> Signup and view all the answers

<p>1)Deviation from main objective ,excess concentration power ,complex social problems ,influence on social setup ,lack of accountability ,lack of social skill ,opposition from society ,8)increase in price.</p> Signup and view all the answers

<ol> <li>public requirements 2) moral justification 3) public image 4)indebted to society5) business can shoulder responsibilities 6)socio cultural norms 7)favourable for business 8) responsibility correspond with power 9)government regulation</li> </ol> Signup and view all the answers

<p>Limits) 1) cost 2)efficiency 3)relevance 4)scope. Barriers a)manager b)organisation c)Industry d)division</p> Signup and view all the answers