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Carrolls model:
ETHICAL
Responsibilities
Be ethical.
Obligation to do what is right,
just and fair; Avoid harm.
LEGAL
Responsibilities
Obey the Law
Law is societys codification of right and wrong;
Play by the rules
ECONOMIC
Responsibilities
Be Profitable
Halals model:
Halals return on resources model of corporate performance
points out that a firm can only attempt to unite the diverse
interests of various social groups to form a workable
coalition engaged in creating value for distribution among
members of the coalition. Beyond a certain level of
economic activity the social issues at stake become
conflicting.
Ackermans model:There are three phases.
The first phase is one when top management recognizes
the existence of a social problem and acknowledges the
companys policy by making it an oral or written statement.
The second phase is characterized by the company
appointing staff specialists to study the problem and
provide recommendations.
The third phase involves the implementation of the social
responsibility programmes.
Consumers:
The consumer is the king and is the foundation of any business venture.
Important responsibilities of the business to the customers are:
Improve efficiency so as to increase productivity and reduce prices,
improve quality and smoothen the distribution system so as to make the
products easily available.
To do research and development so as to improve quality
To supply goods at reasonable prices, even in case of a sellers market
To provide after sales sevice
To ensure that the product supplied has no adverse effect.
To provide sufficient information about the product
To avoid misleading customers by improper advertising etc.
Community:
Taking steps to prevent environmental pollution
Rehabilitating the population displaced by the operation of the business
Assisting in the overall development of the locality
Taking steps to conserve scarce resources and develop alternatives
Improve the fficiency of the business operation
Contribute to R & D
Development of backward areas
Promotion of ancillary and small scale industries
Contributing to welfare activities like promotion of education etc.