What is social responsibility and why is it important?
Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.
What are the objectives of social responsibility?
According to concept of Social Responsibility of business the objective of managers for taking decision related to business is not only to maximize profit or shareholder value but also to serve and protect the interest of other members of its society like consumer, worker and community as a whole.
What are areas of social responsibility?
There are four key aspects of social responsibility: ethical, legal, economic and philanthropic.
What is social responsibility to the community?
Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
What are the characteristics of social responsibility?
The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally …
What are the three concepts of social responsibility?
there are three concepts of social responsibility: (1) profit responsibility, (2) stakeholder responsibility, and (3) societal responsibility. holds that companies have a simple duty: to maximize profits for their owners or stockholders.
What is the role of the social responsibilities of business towards the community?
Responsibility of business towards community and society includes spending a part of profits towards civic and educational facilities. Every industrial undertaking should take steps to dispose of Industrial wastes in such a way that ecological balance is maintained and environmental pollution is prevented.
What are the responsibility of business towards the government and community?
The responsibility of business towards the government are as follows : To set up business as per guidelines issued by the government. To ensure regularity and honesty in the payment of fees, duties and taxes. To follow pollution control norms set up by the government.
What is an individual’s responsibility to a community?
Community responsibilities area unit a personality’s duties or obligations to the community and embody cooperation, respect and participation. The individual social responsibility additionally might be expressed in creating donations for important for the society causes – social, cultural or ecological.
What are the two most important responsibilities of a citizen?
Mandatory Duties of U.S. Citizens
- Obeying the law. Every U.S. citizen must obey federal, state and local laws, and pay the penalties that can be incurred when a law is broken.
- Paying taxes.
- Serving on a jury when summoned.
- Registering with the Selective Service.