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Suggested Case Studies
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The difference between freedom of action for the few and responsibility for the many was prevalent in the middle ages, before and after the industrial revolution, and even today. The focus of social responsibility has changed over a period of time. The Tudors interfered to protect the peasants from getting their common land enclosed. It was evident that at the end of the eighteenth century, governments were committed to improvement.
In the early part of the nineteenth century, British entrepreneurs concentrated on self-help and co-operation. In North America, education was given prime importance. And most of the North American entrepreneurs were associated with educational institutions.
There was a distinction regarding the implication of corporate responsibility, owing to different economic, political and social conditions. The success of Germany and the achievements of US industry that weakened Britain on the above discussed issues.
It was identified that a new growth is required to reflect a new relationship between the ways to generate wealth and the strategies to distribute wealth. In the contemporary world, the new change will be founded on the ethics and values. Simultaneously, the limits and risks of executive action will also be recognized.