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 work organisation firms must locomote similar a Trust."

Image Credits © Mahatma Gandhi's photograph yesteryear Seaskyclay.

All assets of the theatre must last held yesteryear a 'trust' together with must last used for the welfare of the society. The theatre must give-up the ghost along alone a pocket-sized business office of its profits for the honourable livelihood of its owners. The remaining business office of the net turn a profit must last distributed equitably to all sections of society.

Mahatma Gandhi's Concepts together with Quotations

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

Gandhiji gave importance to next 2 concepts :-

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

Gandhiji likewise gave importance to next 2 quotations :-

1. "Enjoy the wealth yesteryear renouncing it."
2. "Excel inward your work, arrive at wealth, convey the minimum which y'all need, larn out the residue to the welfare of the community."

Few richest men inward 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 interrogation together with higher education, running programmes for poverty alleviation, etc. Their willingness to solve community's problems equally a moral responsibleness is quite remarkable together with deserves admiration.

Principles of Trusteeship

Gandhian Principles of Trusteeship are discussed inward next brain points :-

1. Reduce Inequalities : This concept tries to trim down inequalities. It tries to trim down the gap betwixt the rich together with poor. It tries to trim down exploitation.
2. Change of Attitude of Businessmen : According to Mahatma Gandhi, businessmen should alter their attitude. They conduct maintain no morale correct to accumulate unlimited wealth piece well-nigh of their countrymen alive inward poverty together with misery. Each human being of affairs should convey plenty wealth to alive honourably. He should distribute the remaining wealth dorsum to the society. Gandhiji advised the rich businessmen to voluntarily give upwards their surplus wealth. If non done so, the misfortunate masses may revolt (fight) i solar daytime together with plunder their entire wealth yesteryear force.
3. Social Pressure : People must position social pressure level on businessmen to follow the regulation of trusteeship. They should boycott (not purchase) the products of those who arrive at non practise trusteeship.
4. Legal Pressure : If voluntary measures together with social pressure level arrive at non work, legal pressure level must last position 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 social club is given much to a greater extent than importance than an individual. So, the wealth of the social club should last distributed equitably to all its members.
6. Consider Social Needs : Businessmen should arrive at alone those goods together with services which are useful for all members of the society. They should non arrive at goods together with services, which are used alone yesteryear few individuals.
7. Equal distribution of wealth : According to Gandhiji, all the wealth of the social club should last distributed equitably. There should non last concentration of wealth inward few hands.
8. Earn coin yesteryear Hard work : H5N1 someone should earn his living yesteryear doing difficult work. Earning coin without doing difficult locomote is simply 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 role his wealth for selfish satisfaction or against the involvement of society.

Limitations of Principles of Trusteeship

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

1. This concept is non relevant inward today's competitive work organisation basis because every human being 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 larn lazy. This volition ho-hum 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 social club is non their responsibility. It is the responsibleness of the Government.
5. This concept is non accepted yesteryear 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 inward capitalist countries when compared to the poverty statistics of socialist nations.