Legal responsibilities
Legal responsibilities is another one social commitment for strategic managers .
Legal responsibilities reflect the firm’s obligations to comply with the laws that regulate business activities. The consumer and environmental movements focused increased public attention on the need for social responsibility in business by lobbying for laws that govern business in the areas of pollution control and consumer safety. The intent of consumer legislation has been to correct the “balance of power” between buyers and sellers in the marketplace.
Legal responsibilities: The firm’s obligations to comply with the laws that regulate business activities.
Category: Management & Organization Studies
Previous: ← Economic responsibilities
More from this Section
- Ethnocentric Orientation
The values and priorities of the parent organization guide the strategic decision making ... - Punitive power
Punitive power,Organizational power,Leadership and culture,Strategic management. ... - Strategic surveillance
Management efforts to monitor a broad range of events inside and more often outside the ... - Peer influence
The ability to influence individual behavior among members of a group based on group ... - Middle managers
In an organization Middle managers are those found between the lowest and top levels of ...