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Explain in detail the concept and need for Social Responsibility? - Commerce

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प्रश्न

Explain in detail the concept and need for Social Responsibility?

थोडक्यात उत्तर
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उत्तर

The term social responsibility is defined in various ways. Every businessman earns prosperity from business and should give back the benefit of this prosperity to society. This is voluntary. This benefit is the moral responsibility of business. As this benefit is supposed to be passed on to society, it can be said to be the social responsibility of business.

Need:

  1. Self–Interest: A business unit can sustain itself in the market for a longer period only by assuming some social obligations. Normally businessmen recognize that they can succeed better by fulfilling the demands and aspirations of society.
  2. Creation of Society: Business is a creation of society. Therefore, it should fulfill its obligations to society.
  3. Social Power: Businessmen have considerable social power. Their decisions and actions affect the lives and fortunes of society.
  4. Image in the Society: A business can improve its image in public by assuming social obligations, good relations with workers, consumers, and suppliers help in the success of the business.
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पाठ 17: Social responsibility of business - Exercises [पृष्ठ १७७]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 17 Social responsibility of business
Exercises | Q IV. 1. | पृष्ठ १७७

संबंधित प्रश्‍न

Commercial organisations have different types of social responsibilities.


Distinguish between the following.
Traditional social responsibility and corporate social responsibility.


Choose the correct option for the following:
Social responsibility is


Select the correct option.

(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)

Group A Group B
1) After-sales service ____________
2) Timely payment of proper taxes ____________
3) ____________ Protest Anti Social Activities
4) _____________ Fair practices on the stock exchange

Correct the underlined word and rewrite the sentence.
 Social responsibility is a narrower term than legal responsibility of business.


Explain the following term/concept.

Social responsibility


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions, though they are members of the trade union.
  1. By doing this they are following social responsibilities towards which interest groups?
  2. What values are they presenting?
  3. What kind of responsibilities employer follows in the above case?

Choose the Correct Answer.

The Stakeholders of Socially Responsible business units are except ______


Choose the Correct Answer.

Socially Responsible business provides goods at ______


Explain the following term/concept in detail:

Globalisation


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