Socioeconomic View.

May 12th, 2015
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University of Charleston
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According to socioeconomic perspective, the main priority of the organizations must be to contribute in the societal and public welfare by protecting the ethical values and by influencing the environmental factors in a constructive and positive manner.

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Classical and Socioeconomic views of social responsibilityClassical and socioeconomic are the two major models of management to shape the organizational structure and operations accordingly. These two perspectives provide basic framework for the management staff to devise organizational strategies to achieve shared vision in the workplace, especially for larger organizational bodies [Abigail Zhu (2014)]. Socioeconomic ViewAccording to socioeconomic perspective, the main priority of the organizations must be to contribute in the societal and public welfare by protecting the ethical values and by influencing the environmental factors in a constructive and positive manner. The organizations support the prosperity and economic growth of the society and it does not simply revolve around its own profits and earnings. Managers pay attention to social work and invest in the society even

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