Social Responsibility Threats and Challenges Video Lecture - Commerce

now coming to reality of social
responsibility that is the threats and
the challenges as to why do business
houses assume social responsibility
chukar thing
what are the threats and the challenges
that they face number one being threat
of Public Regulation ours is a
democratic government which is for the
people and by the people okay which is
government of the people for the people
and by the people so if at any point of
time the government feels that a
particular business house is exploiting
the society is exploiting any of the
interest groups in the society
okay definitely an action is going to be
taken against that ticket and we all are
aware of that hamsa Papa tie the
government your hair other government
killer of Sequoyah action Agha yes si la
gomera factory fine then it is going to
get very difficult for me to get going
so it is because of the threat of public
regulation regulation meaningful action
Mary against Nadia you know any kind of
action in the legal form can be taken
against the business house if it is in
any way exploiting any of the interest
groups fine
threat of labor movement meaning that
nowadays the labor is very well informed
take a very well inform and is very well
organized into trade unions so you
cannot deprive them of any of their
rights they know that what is the amount
of the money that other person working
in the same position in another factory
what is the amount of the money that he
is getting
chiamo jose kavi Roberta Meldrick in
Imelda am I getting congenial
environment to work in or not all right
so are there upon Keiko be rights
deprived karoge take a yeah you encode
it may pass a million you succumbed okay
so what they can do is they can go in
for a strike
knockout strike their algorithm so in
order to avoid this kind of a situation
a business organization feels or thinks
it's better to
- but you know act in a socially
responsible manner themselves only you
like that who these caper of silly
hugger home act Corinne a socially
responsible manner it's much better
rather than any kind and other than wait
for any kind of labor movement to take
place
similarly threat of consumer
consciousness I just told you that comes
nowadays consumer I know that ok let the
buyer beware iboga let the seller beware
because consumer is the king of the
market and all the products they have to
be designed taking into account what
does a consumer want what are the
consumer need right they have to be
supplied at the right time and at the
right place and at the right price ok
and of the right quality in Mesa
kuchibiru Ottawa so a complaint can be
filed against you in the consumer court
okay in order to avoid that again it's
better that a business acts in a
socially responsible manner then threat
of new social business standard now we
say that a business gets all its
resources from the society fine business
gets all its resources from the society
be it man material labor support
societies in later fine there is no
restriction on to that he can use but
then at the same time
at the same time you have to pay back
you have to do something for the
betterment of the society okay now does
it has been made mandatory that all the
companies they have to spend at least to
a percent of their earnings on
discharging your corporate social
corporate responsibility CSR corporate
social responsibility together then
threat of emerging business education
nowadays in the business education you
know it is emphasized that apart from
the economic objectives there are
certain social objectives also that the
business has to take care of alright so
the newer generation is well aware of
the fact that only percents of the
economic objective is not going to be
enough it has to pursue the social
objectives as well in order to be
successful and in order to be there in
the market for a long period of time
existence of social interest and
business interests now the business had
business people they started to realize
that the social interests and the
business interest they are not
contradictory rather they complement
each other
you