Social responseblities of copration

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ethical,economical,legal,philanthropic.

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Social responseblities of copration

  1. 1. Introduction In this presentation we cover the topic of social responsibilities of corporation and business individuals the topic consist of four measure dimensions which are as further.
  2. 2. Economic Components (Responsibilities)1. It is important to perform in a mannerconsistent with maximizing earnings perShare2. It is important to be committed to beingas profitable as possible.3. It is important to maintain a strongcompetitive position.4. It is important to maintain a high level ofoperating efficiency.5. It is important that a successful firm bedefined as one that is consistentlyprofitable.
  3. 3. Legal Components (Responsibilities)1. It is important to perform in a mannerconsistent with expectations of governmentand law.2. It is important to comply with variousfederal, state, and local regulations3. It is important to be a law-abidingcorporate citizen4. It is important that a successful firm bedefined as one that fulfills its legalobligations.5. It is important to provide goods andservices that at least meet minimal legalrequirements.
  4. 4. Ethical Components (Responsibilities)1. It is important to perform in a mannerconsistent with expectations of societalmores and ethical norms.2. It is important to recognize and respectnew or evolving ethical moral normsadopted by society.3. It is important to prevent ethical normsfrom being compromised in order toachieve corporate goals.4. It is important that good corporatecitizenship be defined as doing what isexpected morally or ethically.5. It is important to recognize that corporateintegrity and ethical behavior go beyondmere compliance with laws and regulations.
  5. 5. Philanthropic Components (Responsibilities)1. It is important to perform in a mannerconsistent with the philanthropic andcharitable expectations of society.2. It is important to assist the fine andperforming arts.3. It is important that managers andemployees participate in voluntary andcharitable activities within their localcommunities.4. It is important to provide assistance toprivate and public educational institutions.5. It is important to assist voluntarily thoseprojects that enhance a community’s"quality of life."
  6. 6. Question Answer session

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