The senior management of your organization is of the opinion that Essay

The senior management of your organization is of the opinion that there should be social responsibility of managers. What do you understand by this, and how sho - Essay Example These actions threatened the firm, the employees, the community, and global financial concerns. With the proliferation of technology and hypercompetition, the drive to enhance the bottom line has often found firms in legal trouble or in a public relations nightmare. What part does the manager play in social responsibility? It’s managements role to set policies and guidelines for implementing a socially responsible agenda. Directors and managers need to maintain an awareness that the decisions they make affect the community, their health and safety, and the quality of life for people in a wide area. The welfare of the wider community has to be considered in any decision making process. Success is not measured by the immediate profit gained by the shareholders. When we define socially responsible policy, it is a concern for the well being of all the stakeholders and not just the owners. The social responsibilities of the directors and managers are the firms responsibilities towards society as implemented by management. Some of the most direct beneficiaries of a socially responsible policy are the employees of the firm. They are provided with a safe place to work whilst the firms responsible behaviour increases the level of job security. By creating a positive climate to work in, the firm is able to attract better and more dedicated employees. In this scenario, an investment in employee well being is returned through a better workforce. Almost all socially responsible policies and management decisions have a positive return. However, the firm often views these activities as expenses and will not, or can not, calculate their true cost or value. Policies need to be put in place to protect the health and safety of the customers and consumers. Managers that fail to act responsibly must be held accountable for their decisions. According to Davidmann (2002), "Those who wish to maximise profits regardless of