Question

In: Economics

what should the role of government and the role of business be with regard to social...

what should the role of government and the role of business be with regard to social responsibility

Solutions

Expert Solution

Social Responsibility is an ethical framework, that impose obligations on the government and the corporates to benefit the society at large. Social responsibility is a two way process, every year government and private owned industries pollute the environment at large, so this ethical framework bound them to give back, from what they have taken directly or indirectly, knowingly or unknowingly.

Government need to work towards creating a more enabling environment by forming policies, legislations and laws related with the corporate social responsibilities, there is a need to bring up more collaborative model that address the concerns of each and every sector affecting factors like environment, health, standard of living etc. Collaboration between government and private sector will allow highlighting of the problems and complementing the the strenghts and efforts. While government leveraging the CSR law companies and enterprises should also aim to approach, engage and work with the federal and state governments to bring the change positively.

The government can support the best industry practices by initiating targeted policies, advertisements, education, role model creation etc, while industries should be ready to accept and adopt the new sets of benchmarks, companies can create a separate board of directors concerning the CSR spendings and obligations, and decisions regarding spending as well as evaluating the outcomes should be focused.


Related Solutions

what is the proper role of government? should government be in your daily lives?
what is the proper role of government? should government be in your daily lives?
What should be the role of government in the economy? (You may feel it should be...
What should be the role of government in the economy? (You may feel it should be less, more, or it could be just about right). Defend your position with a compelling economic argument. Does government fiscal policy work (taxes, spending)? Why or why not? Are there any fiscal policies (taxes, spending) that you support? Why or why not? Thinking about supply & demand, is government intervention required to close the recessionary gap or the inflationary gap? Why or why not?
What is the business of business? Does/Should the business of business include social responsibility? Is an...
What is the business of business? Does/Should the business of business include social responsibility? Is an altruistic social business possible? What do you think?
What is the role of government when external benefits or costs occur? a. The government should...
What is the role of government when external benefits or costs occur? a. The government should not become involved in the market and should leave it up to market participants to settle any issues.    b. The government should provide subsidies to those with low income in the case of external costs. c. The government should require producers who impose external costs to reduce their output and to increase their output in the case of external benefits. d. The government...
What do you think the primary role of the government should be?
EthicsWhat do you think the primary role of the government should be?Is it just to protect your liberties from other people inhibiting your rights? The government should focus on keeping other people from interfering in your self-actualization. This is a focus on negative rights. Think the Bill of Rights which is not about what the government can do for you, it is about how the government and others should leave you alone. This is the position of the right.Is it...
There are many schools of thought that exist on what the role of government should be...
There are many schools of thought that exist on what the role of government should be in our economy. Please offer your vision of what that role should be. List and explain any advantages/disadvantages that you see by the government getting involved in the economy. Also, should price discrimination be illegal? Why or why not?
There are many schools of thought that exist on what the role of government should be...
There are many schools of thought that exist on what the role of government should be in our economy. Please offer your vision of what that role should be. List and explain any advantages/disadvantages that you see by the government getting involved in the economy. Also, should price discrimination be illegal? Why or why not?
1. Discuss the pluses and minuses of government action in the economy? What role should government...
1. Discuss the pluses and minuses of government action in the economy? What role should government play in the case of public good and externalities? 2. What happened to the US economy during the Great Depression and what was the New deal? 3. Define GDP and the components of GDP. How is GDP computed? What is the difference between money GDP and real GDP? Why are we concerned about this difference? 4 . Analyze each of the following activities and...
Explain what is the role of prevention in regard to wellness?
Explain what is the role of prevention in regard to wellness?
With regard to the government-wide statements, indicate the measurement focus and basis of accounting that should...
With regard to the government-wide statements, indicate the measurement focus and basis of accounting that should be employed. What conditions must be satisfied in order to use the modified approach for recording infrastructure?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT