- Enhanced corporate reputation and goodwill.
- Strengthening of the social system in which the corporation functions.
- Strengthening of the economic system in which the corporation functions.
- Greater Job satisfaction among all employees.
- Avoidance of issues with government regulations.
- Greater job satisfaction among executives
- Increased chances for survival of the firm.
- Ability to attract better managerial talent.
- Increased long term profitability.
- Strengthening of the pluralistic nature of American Society.
- Maintaining or gaining Customers
- Investor Preference for socially responsible firms
- Increased short term profitability
- Decreased Short term profitability
- Conflict of economic or financial and social goals.
- Increased prices for consumers
- Conflict in criteria for assessing managerial performance
- Disaffection of stock holders.
- Decreased Productivity
- Decreased Long term profitability
- Increased Government Regulation
- Weakening of the economic system in which the corporation functions.
- Weakening of the social system in which the corporate functions.
SOCIAL OBLIGATIONS OF THE MANAGERS TO VARIOUS STAKEHOLDERS :
- STOCKHOLDERS: To increase the value of the organization.
- SUPPLIERS : To deal with them fairly
- BANKS & LENDERS: To replay debts
- GOVERNMENT AGENCIES: To abide laws.
- EMPLOYEES & UNIONS: To provide safe working environment and to negotiate fairly with union representatives.
- CONSUMERS: To provide Safe Products
- COMPETITORS: To compete fairly and to refrain from restraints of trade.
- LOCAL COMMUNITIES & SOCIETY: To avoid business practices that harm the environment.