Discuss the forces which are responsible for increasing concern of business enterprises toward social responsibility.

The following forces are responsible for increasing concern of business enterprises toward social responsibility

● Threat of public regulations - It is the responsibility of the government to take care of all section of society, if the government feel that companies are not working in a desirable manner and causing harm to society, they can regulate it.

● Pressure from labour movement - Labour movement has become very powerful to get a their fair share. labours are now more educated, well informed and organised in groups. Labour unions force the business to pay their dues for their welfare.

● Development of consumerism - Mass media, education and market competition have made the consumer aware about their rights which have forced a business to follow a customer-oriented approach. Now companies need to work more efficiently to produce a better product at reasonable rates

● Development of social standards- companies should not be only profit-making entities but should also serve social needs. for their long term growth and growth and existence, they require to fulfil the new standards of social welfare

● Development of business education- people need to be educated as consumers, investors, employee to become more sensitive towards social issues

● Relationship between social interest and business interest- companies cannot work in isolation from society, there needs to be a balance between both personal interest of the company and social interest for the long term.

● Development of professional, managerial class- professional and managerial class who manages business now is well-read and they have a positive view toward social welfare.