Advertisement Remove all ads

Explain the Social Responsibilities of Business Organisations Towards Employees and Shareholders. - Organisation of Commerce and Management

Explain the social responsibilities of Business Organisations towards Employees and Shareholders.

Advertisement Remove all ads

Solution

Commercial organisations have various responsibilities towards their employees.

Some of them are:

i.    Providing job security 
ii.    Paying fair remuneration and allowances
iii.    Providing good working conditions  
iv.    Providing enough opportunities for promotion 
v.    Providing opportunities to participate in the management (feedback and suggestions)

​​Responsibilities of a business towards its shareholders:
i.    As owners and shareholders invest their money in a business, it is the responsibility of the business enterprise to safeguard their investments and provide them fair and timely returns. 
ii.     Business organisations should provide complete and accurate information about their progress and financial position to their shareholders. This can be done through reports, statement of profits, etc.
iii.    It is the responsibility of business organisations to minimise the wastage of resources so that maximum profits can be earned.
iv.    Business units should run the business efficiently. They should make maximum utilisation of the available resources, with no or minimum wastage. 

Concept: Responsibility Towards - Employees
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×