A ppt on the topic of social responsibility most relevant for the subject Management Studies - BBA (honors) Christ University

1. T. Samuel Pongen
1 BBA – B
Christ University

2.  “The social responsibility of business
encompasses the economic legal, ethical
and discretionary expectations that a
society has of organization at a given
point in time “
 According to Keith Davis “Social
Responsibility refers to types of business
obligations :
(a)the socio economic obligation
(b)the social human obligation

3. OBJECTIVES OF SOCIAL
RESPONSIBILITY
Economic objectives
1.The owners
2.The employees
3.The customers

4. HUMAN OBJECTIVES
 1.Employees
 2.Customers

5. Social Objectives
 1. Micro Level (i.e., immediate
environmental objectives )
 2.Macro level (i.e., national objectives
)

7. LEGAL
A business has a responsibility to operate by the
laws of the land, since laws are meant for the
good of society
ETHICAL
•This includes the behavior of the firm
that is expected by society but not in
codified by law.

8. FINANCIAL(Economical)
A business enterprise is an economic entity therefore
its primary responsibility in making profit.
DISCTRETIONARY
(Philanthropic)
The voluntary obligation that an enterprise assumes,
it is the responsibility of a company to safeguard the
capital investment by avoiding speculative activity
and undertaking only healthy business ventures
which give good returns on investment.

9. IMPORTANCE OF SOCIAL
RESPONSIBILITIES
• Best interest of business to promote and
improve the communities
• Improves public image of the firm
• Improving stock price
• Solving social problems
• Resource given by the organizations to
solve the social problem

11. Business Ethics
• The word ‘ethics’ is derived from the Greek word ‘ethos’
meaning character, ideals, norms or morals prevailing in
society.
• It is concerned with what is right and wrong in human
behavior.
• Ethics can be viewed as an entire body of moral values
that society attaches to the actions of human beings.
• Ethics concerns itself with relationship between business
objectives, practices and techniques and the good of
society.

12. VIEWS OF SOCIAL RESPONSIBILITY OF A BUSINESS
• Communist view
• Capitalistic view
• Pragmatic view
• Trusteeship view

13. Corporate Governance
• Refers to the set of systems,
principles and processes by which a
company is governed
• It is based on conducting business
with integrity and fairness, making
all disclosures and decisions
complying with the laws of the
land and conducting business in
ethical manner

14. THE GOLDEN PEACOCK AWARD

16. Benefits of Corporate
Governance
1. Creates overall market confidence
and long term trust
2. Increases share prices
3. Ensures integrity of financial
reports
4. Limits liability by top
management
5. Improves strategic thinking

17. Limitations of Corporate
Governance
1. Costs of Monitoring
2. Easily Corruptible
3. Family-Owned Companies

18. Business and Environmental Protection
• Environment – The totality of man’s
surrounding which are in the nature of
resources such as land, water, flora, fauna
etc.
• Pollution – The introduction of harmful
substances into the environment

19. AIR
POLLUTION WATER
POLLUTION
LAND
POLLUTION
SOUND POLLUTION

20. Need for Pollution Control
Reduction of Health Hazard
Reducing Liability
Cost Saving
Improved Public Image
Other Social Benefits

22. Role of Business in Environmental
Stewardship
1. Creating, Maintaining and developing work
culture for environmental protection
2. Adopting eco friendly techniques
3. Complying with laws enacted by the
government for prevention of pollution
4. Involvement in environmental protection
programs
5. Assessment of pollution control
6. Arranging workshops and training materials