Socioeconomic Model and Economic Model of Social Responsibility

Added on - 28 May 2020

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1Running head: REVIEW QUESTIONReview QuestionName of student:Name of university:Author note:
2HEALTHCAREQ 3.Between the socioeconomic model and the economic model of social responsibility, itwould be more profitable for a business to follow the former one. The reason is thatbusinesses can achieve profit in the long run with the socioeconomic model. Companies mustproactively use the model since they must be keeping the focus on social issues while doingbusiness. Further, a business must have the range of technical, financial, and managerialresources for addressing complex social issues that have the potential to interfere withcompany profits1.Q 4.Businesses must take on the risk of training the hard-core unemployed as an aspect ofsocial responsibility. Training and adequate support to make individuals employable andskilled. Therefore, with employment and successive earning, these individuals can spend apart of their earning for buying consumer goods or services delivered by the businessproviding the training. On the whole, training programs bring improvement in the economy,helping the firms sponsoring the program in an indirect manner2.Q5.The blame for vehicular air pollution is to be shared equally by manufacturers,consumers and government. Manufacturers are not giving emphasis on building engines thatare fuel efficient and does not produce substances causing air pollution. As a result, heavyvehicles are adding polluting substances into the environment. Consumers, on the other hand,are to be blamed since they are not using contributing to the increased use of private vehicles1Clapp, Jennifer, and Ian H. Rowlands. "Corporate social responsibility."The Essential Guide to GlobalEnvironmental Governance. Routledge: London(2014): 42-44.2Wood, Jack Maxwell, Rachid M. Zeffane, Michelle Fromholtz, Retha Wiesner, Rachel Morrison, AharonFactor, Tui McKeown, John R. Schermerhorn, James G. Hunt, and Richard N. Osborn.Organisationalbehaviour: Core concepts and applications. John Wiley & Sons Australia, Ltd., 2016.
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