Review of Social Responsibility: Models, Issues, and Regulations

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This report examines the critical aspects of social responsibility in a business context. It begins by comparing the socioeconomic and economic models, arguing for the long-term profitability of the former. The report highlights the importance of businesses proactively addressing social issues, including the need for companies to possess the necessary resources to tackle complex problems. It further discusses the role of businesses in training the unemployed, thereby contributing to economic growth. The report then addresses the shared responsibility for vehicular air pollution among manufacturers, consumers, and the government, advocating for stricter regulations and more sustainable practices. Lastly, it analyzes the increasing role of government regulation in social responsibility, emphasizing the need for ethical business conduct. The report references several academic sources to support its arguments.
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1Running head: REVIEW QUESTION
Review Question
Name of student:
Name of university:
Author note:
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Q 3.
Between the socioeconomic model and the economic model of social responsibility, it
would be more profitable for a business to follow the former one. The reason is that
businesses can achieve profit in the long run with the socioeconomic model. Companies must
proactively use the model since they must be keeping the focus on social issues while doing
business. Further, a business must have the range of technical, financial, and managerial
resources for addressing complex social issues that have the potential to interfere with
company profits1.
Q 4.
Businesses must take on the risk of training the hard-core unemployed as an aspect of
social responsibility. Training and adequate support to make individuals employable and
skilled. Therefore, with employment and successive earning, these individuals can spend a
part of their earning for buying consumer goods or services delivered by the business
providing 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 that
are fuel efficient and does not produce substances causing air pollution. As a result, heavy
vehicles 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 vehicles
1 Clapp, Jennifer, and Ian H. Rowlands. "Corporate social responsibility." The Essential Guide to Global
Environmental Governance. Routledge: London (2014): 42-44.
2 Wood, Jack Maxwell, Rachid M. Zeffane, Michelle Fromholtz, Retha Wiesner, Rachel Morrison, Aharon
Factor, Tui McKeown, John R. Schermerhorn, James G. Hunt, and Richard N. Osborn. Organisational
behaviour: Core concepts and applications. John Wiley & Sons Australia, Ltd., 2016.
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and successive emission of pollutants. From the government's end, there is a need for
reforming policies and guidelines that strictly regulate the production and use of polluting
vehicles and products3.
Q6.
The reason for increased government regulation involving social responsibility issues
is that a number of businesses function in an unethical manner. The government is guiding
companies to acknowledge the importance of social responsibility as the duty to maintain a
balance between economy and the social environment. Such stringent government regulation
must exist until businesses have a constabulary approach to managing their functioning4.
3 Huo, Hong, Bo Zheng, Michael Wang, Qiang Zhang, and Ke-Bin He. "Vehicular air pollutant emissions in
China: evaluation of past control policies and future perspectives." Mitigation and Adaptation Strategies for
Global Change 20, no. 5 (2015): 719-733.
4 Aguinis, Herman, and Ante Glavas. "On corporate social responsibility, sensemaking, and the search for
meaningfulness through work." Journal of Management(2017): 0149206317691575.
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References
Aguinis, Herman, and Ante Glavas. "On corporate social responsibility, sensemaking, and the
search for meaningfulness through work." Journal of Management(2017):
0149206317691575.
Clapp, Jennifer, and Ian H. Rowlands. "Corporate social responsibility." The Essential Guide
to Global Environmental Governance. Routledge: London (2014): 42-44.
Huo, Hong, Bo Zheng, Michael Wang, Qiang Zhang, and Ke-Bin He. "Vehicular air pollutant
emissions in China: evaluation of past control policies and future perspectives." Mitigation
and Adaptation Strategies for Global Change 20, no. 5 (2015): 719-733
Wood, Jack Maxwell, Rachid M. Zeffane, Michelle Fromholtz, Retha Wiesner, Rachel
Morrison, Aharon Factor, Tui McKeown, John R. Schermerhorn, James G. Hunt, and
Richard N. Osborn. Organisational behaviour: Core concepts and applications. John Wiley
& Sons Australia, Ltd., 2016.
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