The 4th social commitment is Discretionary responsibilities for strategic managers.
Discretionary responsibilities are those that are voluntarily assumed by a business organization. They include public relations activities, good citizenship, and full corporate social responsibility. Through public relations activities, managers attempt to enhance the image of their companies, products, and services by supporting worthy causes. This form of discretionary responsibility has a self-serving dimension.
Discretionary responsibilities: Responsibilities voluntarily assumed by a business, such as public relations, good citizenship, and full corporate responsibility.
More from this Section
- Fragmented industry
A fragmented industry is one in which no firm has a significant market share and can strongly influence industry outcomes.
- Foreign subsidiary
A direct investment in a foreign country that involves setting up a separate and independent facility or office is called foreign subsidiary.
- Learning organization
Organization structured around the idea that it should be set up to enable learning ,to share knowledge, to seek knowledge, and to create opportunities to create new knowledge.
- Motion study
Motion study is a study that identifies the number and kind of movements required to perform a given operation.
- Need for achievement
Need for achievement (nAch) which is the drive to succeed and excel in relation to a set of standards.
- Geographic boundaries
Geographic boundaries between different physical locations; between different countries or regions of the world and between cultures.
Strategies refers the plans for how an organization will do what it’s in business to do, how it will compete successfully, and how it will attract