Advertisements
Advertisements
Question
Define the concept of social responsibility.
Advertisements
Solution
Concept of Social Responsibility:
Social responsibility of business refers to its obligation to make those decisions and perform those actions which are desirable in terms of the objectives and values of our society. So, all the activities of the business should be performed in such a manner that they will not harm any part of society rather they will protect and contribute to the interest of society.
Definitions:
Howard D. Bowen - 'Social Responsibility is to pursue those policies to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society.'
The concept of social responsibility has been followed in India since ancient times. Philosophers like Chanakya from India and pre-Christians era philosophers in the west preached and promoted ethical principles while doing business.
In other words, social responsibility involves an element of voluntary action on the part of business people for the benefit of society.
APPEARS IN
RELATED QUESTIONS
Any ‘five cases’ (needs) of social responsibilities of business.
State with reasons, whether the following statement is True or False:
The business organisation has various types of social responsibilities.
Fulfillment of social responsibility shows _________ image of the organisation .
Write a word or phrase or a term which can substitute the following.
Indian philosopher who had promoted concept of social responsibility in ancient times.
Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.
Choose the correct option for the following:
Social responsibility is
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
Build up argument for and against social responsibilities.
______ should be fixed according to the nature and importance of work.
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 |
Explain the following term/concept.
Concept of Trusteeship
Study the following case/situation and express your opinion.
|
A vehicle manufacturing company has adopted the following practices.
|
- by doing this, the business organisation follows social responsibility towards which interest group?
- What kind of pollution do they want to avoid?
- What kind of message do they want to convey?
Justify the following statement.
The role of media has a major influence on business organizations.
What is the social responsibility of commercial organizations? towards consumers?
What is corporate social responsibility?
what is the need for social responsibility?
Choose the Correct Answer.
Assuming Social Responsibility of business helps the enterprise in ______
Choose the Correct Answer.
Socially Responsible business provides goods at ______
Enumerate the points relating to why business units are Socially Responsible?
