Arguments Against Social Responsibilityof Business Responsibility Of Government

Welfare schemes are the sole responsibility of the government. Business should not have any relationship with welfare schemes. It is for the Government to adopt schemes and measures for the upliftment of the weaker sections of the society.

Conflicting considerations of private market mechanism and social responsibility

Private market mechanism and social responsibilities are opposite to each other and therefore a business man will have to be guided by any one of the two considerations.

Disregard of Market Mechanism

Market mechanism is the appropriate way to allocate scarce resources to alternative use. The doctrine of social responsibility interferes with the market mechanism and results in an inappropriate way to allocate scarce resources.

Arbitrary Power to Business men

Businessmen will get arbitrary powers in the matter of allocation of resources in the welfare of society. They should have no right to interfere with governmental responsibility.

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd Protection Status

Principles of Management and Organisational Behaviour Topics