This document discusses the social responsibility of business and business ethics. It defines social responsibility as an ethical concept that provides a way for businesses to consider their social impacts. There are different types of social responsibilities like legal, economic, ethical, and discretionary. The document also gives examples of socially responsible Indian companies and discusses responsibilities to various stakeholders like shareholders, employees, consumers, government, and community. It outlines the case for why businesses should practice social responsibility and consider environmental protection. Finally, the document defines business ethics as moral principles that govern business activities.
Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
A brief about corporate social responsibilities.
PPT Slides contains - What is Corporate Social Responsibility ( CSR)
Types of Corporate social responsibility ( CSR)
Benefits of Corporate social responsibility for an organization.
A brief about corporate social responsibilities.
PPT Slides contains - What is Corporate Social Responsibility ( CSR)
Types of Corporate social responsibility ( CSR)
Benefits of Corporate social responsibility for an organization.
No study on socio economic impact of businessM S Siddiqui
Socio-economic impact measurement can also help business, government, and civil society design more effective collaborations by providing insight into the value it is possible to create and the roles the different partners can play in creating it. The researcher and policy makers may initiate study on such important issue on local businesses.
CSR is a process by which an organization thinks about and evolves its relationships with stakeholders for the common good and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is no charity or mere donations.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
Any organisation that really wants to excel within it industry or sector and environs must ensure it carries out Corporate Social Responsibility regular.
Illustrate the importance of societal wealth ventures, social respon.pdfanavmuthu
Illustrate the importance of societal wealth ventures, social responsibility, community outreach,
and giving back to the community in order to ensure balance between private and societal
interests
Solution
Although the activity of social responsibility is benefit for both social and business
organizational, the arguments for and against business social responsibility exist. There are
several reasons of agreement of the activity.
1 Best Interest of Business to Promote and Improve the Communities
Organizations, as members of society, have a moral obligation to help society deal with its
problems and to contribute to its welfare. It is the ethical thing to do by the business
organizations. A measurement should be made of whether the organization is performing such
activities as producing goods and services that people need, creating jobs for society, paying fair
wages, and ensuring worker safety.
People and organizations need each other. Social responsibility to employees extend beyond
terms and conditions of the formal contract of employment and give recognition to the workers
as a human being. People today have wider expectations of the quality of working life, included
justice is treatment, opportunities for consultation and participation, training in new skill and
technologies, effective personal and industrial relations policies, and provision of social and
leisure facilities. Organization should be, for example, give due consideration to the design of
work organization and job satisfaction, make very reasonable effort to give security of
employment, and provide employment opportunities for minority groups.
A number of leading companies have taken steps to develop more ethical cultures and system by
involving individual employees in corporate affairs. To provide or support some benefits to the
workers will lead to a good communities in the business organizations. Good communication in
the internal business would be leads to avoid miss understanding of each other. The workers
would then enjoy their work and work out more efficiency. The quality of goods and services of
the organization therefore increase. This will lead to profitable to the organization\'s business.
Therefore, the social responsibility is important in internal environment of the business too.
2 Improves Public Image of the Firm
To many people, responsibilities to consumers may be seen as no more than a natural outcome of
good business. There are, however, broader social responsibilities including providing good
value for money; the safety and durability of products or services; standard of after-sales service;
prompt and courteous attention to queries and complaints; long-term satisfaction, for example
serviceability, adequate supply of products or services, and spare and replacement parts; fair
standards of advertising and trading; full and unambiguous information to potential customers.
Increasing concern for social responsibilities to consumers can be seen by the activiti.
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2. CONCEPT
The concept of social responsibility is
fundamentally an ethical concept.The concept
provides a way for business to concern itself
with social dimensions and pay some
attention to social impacts.In other words,
business organisations have some kind of
obligations towards the society in which they
function to dealwith social problems and
contribute more than economic goods and
services.
4. Examples of socially responsible
Indian companies.
Asian paints: working in the area of large
scale community development projects.
Pepsi: is working in the area of promotion of
sports.
TISCO: is working in the area of tribal area
development.
Brooke bond : is working in the area of
animal welfare.
And many more…
5. Social responsibility towards
different interest groups
Responsibility towards
shareholders/investors/owners.
Responsibilities towards workers/employees.
Responsibility towards the consumers.
Responsibility towards the government.
Responsibility towards the community.
6. Responsibility towards
shareholders/investors/owners.
To pay a fair return on their investment.
To ensure the saftey of their investment.
To provide regular, accurate and full information
about working of business and schemes of future
growth.
To maximise shareholder’s wealth
To provide opportunities for participation of share
holder in policy decisions.
To protect the intrest of all types of nvestors in
business.
7. Responsibilities towards
workers/employees.
To pay fair wages salaries to workers and
employees.
To provide good working conditions.
To provide service benefits such as medical
faclities Etc…
To develop their skills through trainings and
educations.
To win their cooperation by creating good
human relations.
8. Responsibility towards the
consumers.
To supply right quality of goods and services
at a resonable price.
To ensure regular and adequate supply of
products.
To avoid unfair trade practices as adulteration
black marketing Etc…
To inform them about new products.
To handle the customer’s problems promptly.
9. Responsibility towards the
government.
To respect the laws of the country.
To pay taxes regularly and honestly.
To adopt fair dealings in foreign trade inorder
to maintain country’s image.
To cooperate with the govt. voluntarily in
solving national problems.
To work and contribute towards the rescue
and relief work in case of flood,earthquake
Etc…
10. Responsibility towards the
community.
To protect natural environment.
To provide assistance to educational
institutions,religious institutions Etc…
To generate more employment opportunities.
To uplift the weaker sections of the society.
11. Case for social responsibility
Justification for existence and growth.
Long term interest of the firm.
Avoidance of govt. regulations.
Availability of resources with business.
Better environment for doing business.
Holding business responsible for social
problems.
12. Environmental protection and
business.
NEED FOR POLLUTION CONTROL.
Reduction in health hazards.
Reduced risk of liability.
Cost savings.
Improved public image.
Other social benefits.
13. Business ethics:
MEANING:
Ethics defines what is wrong and what is
right.An act, decision is ethical if it is in
conformity with prevailing norms and
standards of the society.
Business ethics refers to the
sociallydeterminedmoral principals or
standardswhich dovern business activities.
14. A few examples of business
ethics are:
Charging fair prices fro customers .
Using fair weights for measurements of
commodities.
Giving fair treatment to workers.
Earning reasonable profits.
Paying taxes to the govt. honestly.
15. Elements
Top management commitment.
Publication of a ‘code’.
Establishments of compliance. mechanisms.
Involving employees at all levels.
Measuring results.
