Business Ethics & Corporate Governance


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Pages : 304; Paperback;
210 X 275 mm approx.
Suggested Case Studies

Pages : 136; Paperback;
210 X 275 mm approx,  Sample Applied Theory Questions
Sample Multiple Choice Questions (Online Quiz)


Textbook Price: Rs. 600;
Workbook Price: Rs. 700;
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Business Ethics & Corporate Governance Textbook | Workbook

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<< Chapter 14

Corporate Social Responsibility - A Historical Perspective : Chapter 15

SUMMARY: 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.

And forced 'enclosure' with a view to improving the communities, though it could not serve the purpose of social responsibility. Consequently, there were many other reforms introduced by the then governments. Robert Owen showed that production could be efficient and responsible. For example, the ventures created by Levers and Cadburys lasted far longer than others, which were managed by 'hard headed' contemporaries.

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.

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