Review of Social Responsibility: Models, Issues, and Regulations
VerifiedAdded on  2020/05/28
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Report
AI Summary
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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