KURUKSHETRA UNIVERSITY, KURUKSHETRA

UNIVERSITY SCHOOL OF MANAGEMENT

TOPIC:- BUDGET
SUBMITTED TO : Dr. Nishi Malik
presented by:
VARUN (54)
PRIYANKA(24)
DIKSHA( 7)
SIMRAN (34)
MEANING OF SOCIAL RESPONSIBILITY
OF BUSINESS

 Social responsibility in business, also known

as corporate social responsibility (CSR), pertains to
people and organizations behaving and conducting
business ethically and with sensitivity towards
social, cultural, economic, and environmental
issues.
FEATURES OF SOCIAL
RESPONSIBILITY OF BUSINESS
 Environmental Protection.
 Employee safety and commitment.
 Collaborating with NPO (Not-for-profit
organisation).
 Gender balance
 Corporate governance
EXAMPLES OF CORPORATE SOCIAL
RESPONSIBILITY
 Sustainability: Coca-Cola
As a brand, Coca-Cola is putting a huge focus on sustainability. The key
areas are climate, packaging and agriculture along with water
stewardship and product quality. Their message is ‘a world without
waste’, with the aim of collecting and recycling every bottle, making
their packaging 100% recyclable 
 Carbon neutral & pay equity: Ford Motor
Company
Ford has huge plans in the area of CSR. Their mission is to ‘build a better
world, where everyone is free to move and pursue their dreams’.
Interestingly, the company is also focusing on pay equity. They are
conducting a diversity, equity and inclusion audit while introducing a
global salaried pay ratio (including gender) to level the playing field for all
employees.
 Tata Group of Companies:
The Tata Group’s activities relate to
education, livelihoods and skill
development, rural development,
water and sanitation, healthcare
and strengthening services.
ADVANTAGES OF CORPORATE SOCIAL RESPONSIBILITY

 Justification for existence and growth.

 The long-term interest of the firm.
 Avoidance of government regulation.
 Maintenance of society.
 Converting problems into opportunities.
 A better environment for doing business.
RESPONSIBILTY OF BUSINESS
TOWARDS DIFFERENT GROUPS

Shareholder' Emplo-
s yees

Customers

Creditors/
Government Supliers
1.Responsibility towards
shareholders:-
 Return on their investment
 Provide relevant information
 Increasing their assets
 Request suggestions
 Improving public image of company
2. Responsibility towards employees

 Fair wages and salaries

 Good and safe working conditions
 Workers participation in decision making
 Reasonable and proper chance of promotion
 Proper recognition, appreciation and
encouragement of skills
3. Responsibilty towards customers

 Regular supply of goods

 Charge reasonable price
 Avoid black marketing
 Understand customers needs and wants
 Provide after sale services
 Provide true and fair information through
advertisement
4.Responsibility towards government

 To abide by rules, regulations and laws

 To pay taxes and duties on time
 To adopt fair dealing
 Help government during natural calamities
 Provide complete and fair information to
government officials
5. Responsibilty towards
creditors/suppliers
 Maintaining a healthy and cooperative inter
business relationships
 Management should provide accurate and
relevant information to creditors and
suppliers
 Payment of prices of material, interest on
borrowings, and other charges should be
promt
 Conclusion
Social responsibility is related to the concept of
ethics. Ethics is the discipline that deals with moral
duties and obligations. Social responsibility implies
corporate enterprises should follow business ethics
and work for not only to maximise their profits or
shareholders' value but also to promote the interests
of other stakeholders and the society as a whole.
THANK YOU