Advertisements
Advertisements
Question
Define the concept of social responsibility.
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
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 .
Commercial organisations have different types of social responsibilities.
Business organisations have no social responsibilities.
Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.
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.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
Write short note on the following.
Corporate social responsibility.
What do you understand by social responsibility of business? How is it different from legal responsibility?
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
For economic growth and national security ______ stability is required.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | Employees | 1) | Good quality product |
| B) | Responsibility to Investors | 2) | To maintain solvency and prestige |
| C) | Responsibility towards government | 3) | To serve society |
| D) | Economic Objective | 4) | Voluntary |
| E) | Business ethics | 5) | Job security |
| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
| 8) | To earn profit | ||
|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
Social responsibility is broader than the legal responsibility of business.
Social responsibility is broader than ______ responsibility.
Correct the underlined word and rewrite the sentence.
Moral values provide general guidelines for social conduct.
Correct the underlined word and rewrite the sentence.
Social values are based on perceptions of right or wrong.
Explain the following term/concept.
Social responsibility
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?
Choose the Correct Answer.
Which type of Responsibility gives the benefit to the Society out of its profits earned?
Choose the Correct Answer.
The Stakeholders of Socially Responsible business units are except ______
Choose the Correct Answer.
Socially Responsible business provides goods at ______
Choose the Correct Answer.
Social Responsibility towards employees represents the following except ______
Who are called Stakeholders?
Define the Concept of Social Responsibility?
Explain in detail the concept and need for Social Responsibility?
Give one word or phrase for the following sentence:
Who propounded the concept of trusteeship?
Legal responsibility is broader than the social responsibility of business.
Justify the following statement.
Social responsibility is necessary for the protection of the environment.
