Chapter 6, Problem 1RDQ

Summary Introduction

To differentiate: Social Obligation, Social Responsiveness and Social Responsibility.

Introduction:

Social Obligation refers to the organizations engagement in social actions where they are obliged to meet economic and legal responsibility.

Social Responsiveness refers to when the organization goes beyond its economic and legal requirement to meet a social need.

Social responsibility is an organizations intention of doing well for the society, by going above and beyond the legal and economic obligations.

Explanation of Solution

A Social Obligation is classified as an engagement of a firm within social actions due to is obligations of meeting specified economic and legal responsibilities, this is situation the organization only does what they are obligated to do, the organization does not go beyond that. The approach is known as the classic approach of social responsibility as it implies the managements only social responsibility is to maximize its profits.

Social Responsiveness indicates how an organization engages in social acts to respond to a popular social need. The collaboration of Social Responsiveness and Social Responsibility projects a socioeconomic view on social responsibility, this explains how the organizations objectives are not only to maximize profits for its stakeholders, but they hold an obligation to the larger proportion of the society.

Social Responsibility is defined as an organizations intentions of going beyond its basic economic and legal obligations to do the right things and function in ways which are good for its society. The reason why an organization as such would go beyond is obligatory responsibility is because they believe it is ethical to do so.