Gandhian Concept Regulation Of Trusteeship - Limitations

Gandhian Principle of Trusteeship

The Gandhian Principle of Trusteeship is closely related to the "Social Responsibility of Business".

According to the Gandhian Concept of Trusteeship,

"All delineate organisation firms must move similar a Trust."

Image Credits © Mahatma Gandhi's photograph past times Seaskyclay.

All assets of the theatre must last held past times a 'trust' together with must last used for the welfare of the society. The theatre must continue solely a small-scale purpose of its profits for the honourable livelihood of its owners. The remaining purpose of the earnings must last distributed equitably to all sections of society.

Mahatma Gandhi's Concepts together with Quotations

Mahatma Gandhi was influenced past times Ancient Indian Philosophy together with teachings of holy Bhagavad Gita.

Gandhiji gave importance to next ii concepts :-

1. Aparigraha i.e. Non-Possession.
2. Sambhawa i.e. Equitable Distribution.

Gandhiji besides gave importance to next ii quotations :-

1. "Enjoy the wealth past times renouncing it."
2. "Excel inwards your work, hit wealth, bring the minimum which you lot need, larn out the balance to the welfare of the community."

Few richest men inwards the world, especially, Bill Gates together with Warren Buffet are practicing the Gandhian Principle of Trusteeship. These noble philanthropists are distributing a huge percent of their wealth for social causes similar populace wellness improvement, funding AIDS query together with higher education, running programmes for poverty alleviation, etc. Their willingness to solve community's problems every bit a moral responsibleness is quite remarkable together with deserves admiration.

Principles of Trusteeship

Gandhian Principles of Trusteeship are discussed inwards next primary points :-

1. Reduce Inequalities : This concept tries to bring down inequalities. It tries to bring down the gap betwixt the rich together with poor. It tries to bring down exploitation.
2. Change of Attitude of Businessmen : According to Mahatma Gandhi, businessmen should modify their attitude. They receive got no morale correct to accumulate unlimited wealth spell nearly of their countrymen alive inwards poverty together with misery. Each human of affairs should bring plenty wealth to alive honourably. He should distribute the remaining wealth dorsum to the society. Gandhiji advised the rich businessmen to voluntarily give upward their surplus wealth. If non done so, the pitiable masses may revolt (fight) 1 twenty-four hr menstruation together with plunder their entire wealth past times force.
3. Social Pressure : People must lay social pressure level on businessmen to follow the regulation of trusteeship. They should boycott (not purchase) the products of those who hit non do trusteeship.
4. Legal Pressure : If voluntary measures together with social pressure level hit non work, legal pressure level must last lay on the businessmen to follow the regulation of trusteeship.
5. Socialism : This concept gives to a greater extent than importance to socialism. That is, the guild is given much to a greater extent than importance than an individual. So, the wealth of the guild should last distributed equitably to all its members.
6. Consider Social Needs : Businessmen should hit solely those goods together with services which are useful for all members of the society. They should non hit goods together with services, which are used solely past times few individuals.
7. Equal distribution of wealth : According to Gandhiji, all the wealth of the guild should last distributed equitably. There should non last concentration of wealth inwards few hands.
8. Earn coin past times Hard work : Influenza A virus subtype H5N1 someone should earn his living past times doing difficult work. Earning coin without doing difficult move is only similar stealing.
9. No Right to Private Ownership : This concept does non give the correct to private ownership except when it is necessary.
10. Government Regulation : The Government should regulate trusteeship. No Individual should last allowed to usage his wealth for selfish satisfaction or against the involvement of society.

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Limitations of Principles of Trusteeship

Critical Evaluation / Limitations / Applicability of the Principles of Trusteeship is highlighted inwards next of import points :-

1. This concept is non relevant inwards today's competitive delineate organisation the world because every human of affairs tries to earn maximum profits together with accumulate huge wealth.
2. It demotivates the hardworking businessmen. The businessmen volition loss their creativity, together with they volition choke lazy. This volition boring downward the economical evolution of the country.
3. This concept is based on the concept of Socialism. However, today socialism is outdated.
4. Businessmen experience that the welfare of the guild is non their responsibility. It is the responsibleness of the Government.
5. This concept is non accepted past times shareholders who invest their coin to earn the highest dividend.
6. This concept is against capitalism. Today, capitalism is proving real successful all over the world. Poverty levels are real depression inwards capitalist countries when compared to the poverty statistics of socialist nations.