After reading this article you will learn about the social responsiveness and social audit of an organization. Elements of Social Responsiveness: Five important elements of social responsiveness are: 1. Social goals should be planned and incorporated into the overall planning process. 2. Firms should examine the desires of society and assess how other companies are meeting the social desires. 3. [...]
Meaning of Management Ethics: 'Management Ethics' is related to social responsiveness of a firm. It is "the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. It is a standard of behaviour that guides individual managers in their works". "It is the set of moral principles that governs the actions of [...]
This article throws light upon the top four measures which help to ensure success of the organisation. The measures are: 1. Maintain Good Relations with the Stakeholders 2. Motivate the Employees 3. Develop Plans to Achieve the Objectives 4. Define the Authority and Responsibility of Managers. Measure # 1. Maintain Good Relations with the Stakeholders: Stakeholders have important role to [...]