1984/01/01 by Archie B. Carroll
Business, Management and Accounting · #Cooperative Studies and Economics
paper · doi:10.2307/41165072
Plant and business closings have become a serious problem both for the individuals and communities directly affected and for the businesses themselves, who must find ways to effectively manage the closings they find necessary and must then also deal with the inevitable damage to their public image. Even beyond dealing with the recent legislative, labor union, and community responses to closings and shutdowns, businesses must learn to address their management actions in terms of social responsibilities. By being sensitive to the changing social environment, business can not only avoid future negative reactions in the form of new laws and knotty regulations, but it can establish an ongoing and beneficial relationship with society that is not sacrified when closings become inevitable.