SOSC 3040 Lecture 2: Panel 2 Week 2

• School: York University
• Department: Social Science
• Course: SOSC 3040
• Professor: Allan Greenbaum

Document Summary

We have seen plenty of changes in the social aspects of modern culture which must be recognized by businesses in order to review their roles and functions in society. In his article, author keith davis talks about the social responsibility of business and how this responsibility goes hand in hand with business" social power. Businesses have both economic and human responsibilities toward society. It is stated that social responsibility should be equivalent to social power and both members of the society have accepted this idea of co- equal power and responsibility. Keith claims that businessmen make decisions using their social power and the business institutions provide the cultural framework and policy guidance for it. The author further claims that businessmen cannot possess social power without having some responsibility for society. Avoiding the social responsibilities of business will lead to a gradual reduction of businessmen"s social power which will allow other groups to take over that responsibility.