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    Rhea Aggarwal
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    The document discusses the social responsibilities of businesses towards various groups and ethics. Businesses have obligations to shareholders, employees, customers, government, and community to ensure their interests are not negatively impacted. Ethics refer to moral standards for proper human behavior and conduct, such as honesty and compassion. Factors in the business environment also affect companies' social responsibilities.

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    The document discusses the social responsibilities of businesses towards various groups and ethics. Businesses have obligations to shareholders, employees, customers, government, and community to ensure their interests are not negatively impacted. Ethics refer to moral standards for proper human behavior and conduct, such as honesty and compassion. Factors in the business environment also affect companies' social responsibilities.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    6 views5 pages

    Day 2

    Uploaded by

    Rhea Aggarwal
    The document discusses the social responsibilities of businesses towards various groups and ethics. Businesses have obligations to shareholders, employees, customers, government, and community to ensure their interests are not negatively impacted. Ethics refer to moral standards for proper human behavior and conduct, such as honesty and compassion. Factors in the business environment also affect companies' social responsibilities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Recent Development in Indian Economy

    Liberalisation Privatisation Globalisation

    Social Responsibility
    Meaning: Social responsibility of business refers to the obligation of business enterprises to adopt policies and plans of actions that are desirable in terms of the expectation, values and interest of the society. It ensures that the interests of different groups of the public are not adversely affected by the decisions and policies of the business.

    RESPONSIBILITIES TOWARDS DIFFERENT GROUPS


    Responsibility towards the shareholders or owners Responsibility towards the Employees

    Responsibility towards the Customers

    Responsibility towards the Government

    Responsibility towards the Community

    BUSINESS ETHICS
    The word Ethics originated from the Greek word ethos meaning character, conduct and activities of the people based on moral principles. It is concerned with what is right and what is wrong in human behavior on the basis of standard behavior or conduct accepted by the society. Honesty, truthfulness, compassion, sympathy, feeling of brotherhood etc. are considered ethical.

    Factors Affecting Business Environment

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