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D: In the long run, economic responsibility leads to social responsibility Favourite answer. Give an example of a shared … Get answers by asking now. The iron law of responsibility says that people having power should use power considering the welfare of society in order to retain the power in the long run. Solution for Explain in your own words the Iron Law of Responsibility and the social contract. The iron law of responsibility says that in the long run, those who do not use power in ways that society considers responsible will tend to … Thus the company should work towards its economic goals but should consider its affect on different stakeholders and thus should consider corporate social responsibility. Answer Save. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work. 5. what does that mean?? 10 years ago. (B) Public relations programs can cause society to consider an institution socially responsible even when it is not. 0 1. The social contract governs the relationship between business and society. See the answer. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work. Also, give an example of each of the spheres of business power. Iron Law of Responsibility as business institutions. This proposition is derived from … B: In the short run, sacrifice social goals for economic goals. Davis's model is a list of 5 propositions that describe how and why businesses should adhere to the obligation to take action that protects and improves the welfare of society as well as of the organization: Proposition 1: SOCIAL RESPONSIBILITY ARISES FROM SOCIAL POWER. Still have questions? 1 Answer. Explain in your own words the Iron Law of Responsibility and the social contract. Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of a shared understanding between you as a… Give An Example Of A Shared Understanding Between You As A Consumer Or An Employee And A Firm With Which You Do Business Or For Which You Work. or, any example of business under the iron law of responsibility?? This problem has been solved! Explain in your own words the Iron Law of Responsibility and the social contract. The iron law of responsibility says that: A: In the long run, those who do not use power responsibly will lose it. Anonymous. (C) The power of some institutions erodes more slowly than the power of others, whether they are socially responsible or not. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work. C: Law is most important, more than social or economic responsibility. and also, how does society deal with business under the iron law of responsibility?? nryu. Explain in your own words the Iron Law of Responsibility and the social contract. Is Congress justified in creating … Relevance. Iron law of oligarchy, sociological thesis according to which all organizations, including those committed to democratic ideals and practices, will inevitably succumb to rule by an elite few (an oligarchy).The iron law of oligarchy contends that organizational democracy is an oxymoron.Although elite control makes …

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