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    To Whom Is Management Responsible

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    shubhajyoti halder
    Management has responsibilities to different groups depending on the stage of a company: owners and management in stage 1, employees in stage 2, local constituents in stage 3, and broader society in stage 4. There are two views on social responsibility - the classical view is that the only responsibility is profit maximization, while the socioeconomic view is that responsibilities also include protecting and improving social welfare.

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    To Whom Is Management Responsible

    Uploaded by

    shubhajyoti halder
    255 views1 page
    Management has responsibilities to different groups depending on the stage of a company: owners and management in stage 1, employees in stage 2, local constituents in stage 3, and broader society in stage 4. There are two views on social responsibility - the classical view is that the only responsibility is profit maximization, while the socioeconomic view is that responsibilities also include protecting and improving social welfare.

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    marketing

    Original Title

    To Whom is Management Responsible

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    Management has responsibilities to different groups depending on the stage of a company: owners and management in stage 1, employees in stage 2, local constituents in stage 3, and broader society in stage 4. There are two views on social responsibility - the classical view is that the only responsibility is profit maximization, while the socioeconomic view is that responsibilities also include protecting and improving social welfare.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    255 views1 page

    To Whom Is Management Responsible

    Uploaded by

    shubhajyoti halder
    Management has responsibilities to different groups depending on the stage of a company: owners and management in stage 1, employees in stage 2, local constituents in stage 3, and broader society in stage 4. There are two views on social responsibility - the classical view is that the only responsibility is profit maximization, while the socioeconomic view is that responsibilities also include protecting and improving social welfare.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 1

    To whom Is Management Responsible?

    lesser

    Stage 1
    • Owners and management

    Stage 2
    • Employees

    Stage 3
    • Constituents in the Specific Environment

    Stage 4
    • Broader Society
    Greater

    Classical view: Socioeconomic view:


    The view that management’s only The view that management’s social
    social responsibility is to maximize responsibility goes beyond making
    profits. profits to include protecting and
    improving Society’s welfare.

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