Community
It is important for a business to assume its social responsibilities towards the local community.
This responsibility is necessary for the smooth functioning of its operations without any agitations or hindrances.
Apart from its establishment and operations in the local area, a business has a responsibility towards the local people so that their li.
Consumers
The sales and the profits of a business really depend on the social responsibility a business assumes towards the consumers.
The consumers are the end users.
The success of any business is directly dependent on their level of satisfaction.
Higher the rate of customer’s satisfaction, the greater the chances to earn profits.
A business can attract mo.
Government
The business must be very sensitive towards the government’s laws and policies in order to operate or function smoothly.
If they present a reckless disregard for social responsibility, they may find themselves dealing with various inquiries and probes conducted by the public service organizations.
The organization can run into huge losses if it doe.
Shareholders Or Owners
Investors are likely to invest more money in a project when they are satisfied by the business in which they have made their investments.
Happy investors can fulfill the rising demands of funds needed for the growth and expansion.
It is the responsibility of a business to pay fair returns to all its shareholders and give accurate updates and inform.
What are Business Ethics & Social Responsibility notes?
These notes offer a condensed yet comprehensive overview of the critical concepts, principles, and practices related to business ethics and social responsibility.
They streamline the learning process, aiding students in quick and effective revision, especially before exams.
What is a business ethics course?
Course Description:
The course deals with the fundamental concepts principles and practices of ethical standards in the business environment.
It combines the theoretical foundations of setting up business enterprises with the conduct of entrepreneurial activities in the context of one’s accountability and social responsibility. What is integrity & ethics?
Integrity and ethics programmes Part A – driving integrity as a key component Explanation of how a business can promote integrity by developing its employees’ abilities to reason ethically and to avoid rationalizing.
Overview of the importance of integrity and ethics in the world of business.
Why should a business be ethical.
Part A .
What is social responsibility in CBSE Class 11 Business Studies?
Also, check CBSE Class 11 Business Studies revision notes for All chapters:
Social responsibility is an ethical paradigm that implies that an entity whether an organization or an individual has a responsibility to behave in the best interests of society as a whole. Workers Or Employees
The business must assume their social responsibilities towards their workers or employees because they are the wheels of an organization.
Without their support, the commercial institution simply cannot function or operate.
If a business takes care of the needs of its office staff or workers, then it will increase the motivation and working spirit w.
