What Is Social Responsive Approach?

by | Last updated on January 24, 2024

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In the broadest sense of the term, social responsiveness is

a person’s obligation to contribute to their community or country in a way that makes the quality of life and environment better for those around them

. … On a personal level, volunteering is an act of social responsiveness because it improves the community.

What is the difference between social obligation and social responsiveness?

The main difference between social responsibility and social responsiveness is that social responsibility is

the ethical/moral obligation/duty of an individual or an entity towards the society

whereas social responsiveness is the manner in which an individual or an entity responds to a social need.

What are the strategies of social responsiveness?

Social responsiveness (Carroll)

This refers to the capacity of the corporation to respond to social pressure, and the manner in which it does so. Carroll suggests four possible strategies:

reaction, defence, accommodation and proaction

.

What is social obligation approach?

The social obligation approach considers

business as having primarily economic purposes and confines social responsible activities mainly to conformance to existing laws

. The socially responsible approach sees business as having both economic and societal goals.

What are examples of social responsibility?

  • Reducing carbon footprints.
  • Improving labor policies.
  • Participating in fairtrade.
  • Diversity, equity and inclusion.
  • Charitable global giving.
  • Community and virtual volunteering.
  • Corporate policies that benefit the environment.
  • Socially and environmentally conscious investments.

What are the benefits of being socially responsive?

  • better brand recognition.
  • positive business reputation.
  • increased sales and customer loyalty.
  • operational costs savings.
  • better financial performance.
  • greater ability to attract talent and retain staff.
  • organisational growth.
  • easier access to capital.

What is a socially responsible action?

Social responsibility is an ethical theory in which

individuals are accountable for fulfilling their civic duty

, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.

What is the difference between social responsibility and legal obligation?


Legal responsibility is compulsory under any

of the laws, acts and constitution. Social responsibility is not backed by legal provisions. Legal responsibility is compulsion while social responsibility is a choice. Many a time, legal responsibility is fulfilled in the name of social responsibility.

Are responsive and responsible the same?

Responsible means being morally accountable for one’s actions while

responsive means reacting in a desired or positive way or quick to react

.

What is social obligation in management?

Social obligation: Social obligation is

a businessis most basic duty to society

. A business has fulfilled its social obligation when it meets its economic and legal responsibilities and no more. It does the minimum that the law requires.

What are the 4 types of social responsibility?

  • Environmental Responsibility. …
  • Ethical Responsibility. …
  • Philanthropic Responsibility. …
  • Economic Responsibility.

What are the types of obligation?

  • absolute obligation.
  • contractual obligation.
  • express obligation.
  • moral obligation.
  • penal obligation.

Why is social obligation important?

Being a socially responsible company can bolster a company’s image and build its brand. Social responsibility

empowers employees to leverage the corporate resources at their disposal to do good

. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

Which is the elements of social responsibility?

There are four key aspects of social responsibility:

ethical, legal, economic and philanthropic

. Businesses that have CSR policies first ensure they are accountable to themselves, their shareholders and their employees. In addition, they hold themselves accountable to their customers and the world around them.

How do you show social responsibility?

  1. Volunteer. Companies are seeing a benefit in offering volunteer days to their employees. …
  2. Invest in social and environmental initiatives. …
  3. Practice ethical labor. …
  4. Promote philanthropy. …
  5. Be environmentally conscious.

What is good governance and social responsibility?

The relationship between good corporate governance and social responsibility

helps corporations keep things in good balance

. It also supports the company’s efforts to develop control mechanisms, increasing shareholder value and improving satisfaction among shareholders and stakeholders.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.