Question

Give reasons why you think an organization might not value social responsibility. Explain.

Answer 1

Social responsibility is a concept which talks about giving back to the society, from which a business has utilized the resources, labour etc in order to earn profits, it gives importance to the relationship between the economy and the ecosystem.  

Now there are several reasons or challenges that are faced by an business/ organisation that hinder the balance between the two, resulting in devaluing of social responsibilities:-

1. Resource Investment :- in order to maintain this ethical framework of social responsibility, extra investment or funding is required, which was often counted as an extra expenditures, thus for an organization it is very difficult to get funds by convincing there shareholders and other partners.
2. Organizational Framework :- in order to implement the concept of social responsibility there is a requirement to integrate this concept with the organizational framework of the company, now as we know that profit making is the main motto behind any organization, such integration will bind them with this cost, irrespective of time.
3. Expansion Problems :- Organisations that are planning to continuously planning to expand there business often find it difficult to value social responsibilities.
4. Govt. Laws & Regulations :- Govt. laws and policies are sometimes designed in such a way that results in non fullfilment of this social obligations. CSR laws that direct companies to spend a certain amount of there profits in social responsibilities are sometimes just a symbolic act.
5. Sustainablity:- Org. find it difficult and unneccessary action, specially startups.