THE ROLE OF PHILANTHROPY OR THE SOCIAL RESPONSIBILITY OF THE MANAGERS & HOW IS IT HELPFUL FOR THE COMPANYS GROWTH

Presented by: Mallika Suleria Shikha Trehan Avtar Singh Himanshu Chaudhary Mamta Chaudhary Rohit Kumar Akansha Dutta Sumit Rawat Prashant Bhakhri

MEANING OF PHILANTHROPY
The desire to promote the welfare of others, expressed especially by the generous donation of money to good causes Who is Philanthropist? A philanthropist is a person who gives money or gifts to charities, or helps needy people in other ways. Famous examples include Andrew Carnegie & Bill & Melinda Gates

SOCIAL RESPONSIBILITY, SOCIAL OBLIGATION, SOCIAL RESPONSIVENESS

Social obligation: The obligation of business to meet its economic & legal responsibilities & no more

Social responsibility: A firms obligation beyond that required by law & economies, to pursue long-term goals that are beneficial to society
Social responsiveness: The ability of a firm to adapt to changing societal conditions

HOW DO MANAGERS BECOME MORE SOCIALLY RESPONSIBLE

By showing ethical behavior filled with proper value Ethics: A set of rules or principles that defines right & wrong conduct

A debatable question is whether firms should be socially responsible.

ARGUMENTS FOR ASSUMING CSR

Public expectations Long run profits Ethical obligations Public image Better environment Discouragement of further government regulation Balance of responsibility& power Stakeholders interest Possession of resources Superiority of prevention over cures

ARGUMENTS AGAINST SOCIAL RESPONSIBILITY

Violation of profit maximization Dilution of purpose Costs Too much power Lack of skills Lack of accountability Lack of broad public support

MANAGEMENT PROCESS & ETHICS

Business ethics is now a management discipline Managers perform to produce desired results Managerial performance- elements 1. Goals 2. Perceptions 3. Actions 4. Disturbances 5. Controlled conditions

PROBLEMS WITH ETHICAL ISSUES

Multiple ethical alternatives Mixed result of ethical issues Ethical issue do not necessarily have positive consequences Ethical issues present a dilemma for managers of sometimes choosing between personal & organizational values.

Work ethics: Ethics is a set of moral principles Work ethics is a characteristic attitude of a group forwards what constitutes the morality of the work Two forces that contribute to work ethics: Assuri sampat- The demonic forces Daivi sampat- the divine forces