AC1007604 Assignment on Fundamentals of Management

Added on - 16 Sep 2019

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Myles TarantoAC1007604Fundamentals of ManagementAssignment 412/14/2017Part A1.Briefly, describe what social responsibility means to you personally.Social responsibility is defined as the set of behavior patterns that will define that how actionswill provide benefit to the society. Individuals have to attempt the active or proactive approachwhen it comes to social responsibility. In my opinion, the proactive approach of socialresponsibility, which is the easiest on to follow for avoiding the activities that will adverselyaffect the society. This includes no smoking , no littering , careful driving and becomes thesensible member of society.(Kolk,2014)Being an educator , in my opinion, I believe that thechange will come on from my side by making positive changes in the minds and actions of mystudents, which in one way or other positively affect the young generation. For making mystudents socially responsible I have to focus on motivating them for the actions that have beendone by them for the benefit of society, by being courteous and rational with them.2.Do you think business organizations should be socially responsible? Provide two (2)supporting facts to justify your response.
1In my point of view, the businesses which are just following the law are not socially responsible.For instance , the business which pays its workers no less than minimum wage , is not act associally responsible but if the organization by its own will pay the low skilled employees ahigher wage than the minimum , is the act of being socially responsible.In the present scenario, the organization's main aim is to earn profit but earning the profit willalso be made in terms of the societal benefit than it is termed as the socially responsible act.(Mohammadi,2014)For instance – Mc Donald’s raise the wages of its employees to $10 per hourand for that they have to hike the prices of the products. The result is that the people stop eating ,which leads to the end up of money, which hurt the owners ,and it is not considered s sociallyresponsible.3.Do you think values-based management is just a "do-gooder" ploy? Provide one (1)supporting fact to justify your position.Value-based management associates the Corporate Social Responsibility(CSR) with the ValueBased Management(VBM).(Michalski,2013)Vbm focuses on the values related to economics,and its ultimate goal is to be responsive to the stakeholders in different ways by includingcustomers demand on the part of an organization.One of the best examples of value-based management is the Wal Mart’s sustainable approach.WalMart focusses on the sustainable environment approach by focusing on zero waste andpreserving of energy. These initiatives benefit a lot to the company by creating values in terms ofenvironmental responsibility by reducing global warming and making the society more viable.
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