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  • Srishti Agarwal E-02 Rohan Kalia E-23 Anurag Mishra E-31 Adarsh S. Nair E-33 Moksha Nair E-34 Aakash Shah E-47 Aparna Singh E-51 Bhavna Sri E-53

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    Anurag Mishra
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    The document discusses the debate around the primary purpose of businesses and their social responsibilities. It argues that while profit maximization is the main goal of businesses, social responsibility should not be ignored. However, some argue that social responsibility increases costs and prices. The document concludes that companies like Tata have successfully struck a balance between social responsibility and profit-making, and that finding this balance is important to rebuild trust and goodwill.

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    The document discusses the debate around the primary purpose of businesses and their social responsibilities. It argues that while profit maximization is the main goal of businesses, social responsibility should not be ignored. However, some argue that social responsibility increases costs and prices. The document concludes that companies like Tata have successfully struck a balance between social responsibility and profit-making, and that finding this balance is important to rebuild trust and goodwill.

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    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    13 views7 pages

    Srishti Agarwal E-02 Rohan Kalia E-23 Anurag Mishra E-31 Adarsh S. Nair E-33 Moksha Nair E-34 Aakash Shah E-47 Aparna Singh E-51 Bhavna Sri E-53

    Uploaded by

    Anurag Mishra
    The document discusses the debate around the primary purpose of businesses and their social responsibilities. It argues that while profit maximization is the main goal of businesses, social responsibility should not be ignored. However, some argue that social responsibility increases costs and prices. The document concludes that companies like Tata have successfully struck a balance between social responsibility and profit-making, and that finding this balance is important to rebuild trust and goodwill.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 7

    Value System VS Profits

    Srishti Agarwal E-02 Rohan Kalia E-23 Anurag Mishra E-31 Adarsh S. Nair E-33 Moksha Nair E-34 Aakash Shah E-47 Aparna Singh E-51 Bhavna Sri E-53

    Primary Purpose of Business


    Profit maximization is the primary purpose of any business Supplemented with need for: Growth Survival

    Social responsibility comes at the end

    Rationale Behind Ignoring Social Responsibility


    Business fails to maximize profits Defeats the very purpose of existence of a business

    Arguments Against Social Responsibility


    Cost of CSR carried over to customers Increase in prices of G&S Being carried out just to avoid Govt. interventions Contradicts with primary goal of earning profits

    Depleting Trust
    Scams like Satyam Computers and Citibank scams depleting trust Effecting goodwill of the firm as well as the whole industry

    Striking a Balance
    Striking a balance between social responsibility and profit making need of the hour Tata and Wipro- companies successful in doing the same Tata Trust, Sir Dorabji Trust and Tata Memorial Hospital are examples of CSR by Tata along with earning huge profits

    THANK YOU

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