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  • Social Responsibilities

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    Marmik Patel
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    The document discusses the concepts of social responsibility and business ethics. It defines social responsibility as voluntary efforts by businesses to contribute to social well-being since they use society's resources and earn money from society. It lists justifications for social responsibility like justification for a business's existence, long term interests, avoiding regulations, and contributing to social problems. It also discusses responsibilities toward different stakeholder groups and defines business ethics as moral standards that guide practices like fair pricing, fair treatment of workers, reasonable profits, and honest tax payments. The document outlines elements of implementing business ethics like management commitment, publishing codes, compliance mechanisms, employee involvement, and measuring results.

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    social responsibility class 11 business studies

    Original Title

    SOCIAL RESPONSIBILITIES

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    The document discusses the concepts of social responsibility and business ethics. It defines social responsibility as voluntary efforts by businesses to contribute to social well-being since they use society's resources and earn money from society. It lists justifications for social responsibility like justification for a business's existence, long term interests, avoiding regulations, and contributing to social problems. It also discusses responsibilities toward different stakeholder groups and defines business ethics as moral standards that guide practices like fair pricing, fair treatment of workers, reasonable profits, and honest tax payments. The document outlines elements of implementing business ethics like management commitment, publishing codes, compliance mechanisms, employee involvement, and measuring results.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views8 pages

    Social Responsibilities

    Uploaded by

    Marmik Patel
    The document discusses the concepts of social responsibility and business ethics. It defines social responsibility as voluntary efforts by businesses to contribute to social well-being since they use society's resources and earn money from society. It lists justifications for social responsibility like justification for a business's existence, long term interests, avoiding regulations, and contributing to social problems. It also discusses responsibilities toward different stakeholder groups and defines business ethics as moral standards that guide practices like fair pricing, fair treatment of workers, reasonable profits, and honest tax payments. The document outlines elements of implementing business ethics like management commitment, publishing codes, compliance mechanisms, employee involvement, and measuring results.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 8

    TAPOVAN INTERNATIONAL SCHOOL

    SUBJECT – BUSINESS STUDIES


    TOPIC – SOCIAL RESPONSIBILITIES
    NAME – MARMIK PATEL
    CLASS – 11TH COMMERCE RED
    ROLL NO. - 16
    INDEX
    1. CONCEPT OF SOCIAL RESPONSIBILITY
    2. ARGUMENTS IN FAVOUR OF SOCIAL RESPONSIBILITY
    3. SOCIAL RESPONSIBILITY TOWARDS DIFFERENT
    INTEREST GROUPS
    4. BUSINESS ETHICS
    5. ELEMENTS OF BUSINESS ETHICS
    CONCEPT OF SOCIAL RESPONSIBILITY

     A business is a part of society. So, a business enterprise


    should do business and earn money in ways that fulfill the
    aspirations of the society. Thus social responsibility
    relates to the voluntary efforts on the part of the
    businessmen to contribute to the social well being. The
    businessmen make use of resources of society and earn
    money from the members of society so they must do
    something for the society.
    Arguments in favour of Social Responsibility

    1. Justification for Existence and Growth


    2. Long term Interest of the firm
    3. Avoidance of government regulations
    4. Availability of resources with business
    5. Better environment for doing business
    6. Contribution to social problems
    SOCIAL RESPONSIBILITY TOWARDS
    DIFFERENT INTEREST GROUPS

    1. Responsibility towards shareholders


    2. Responsibility Towards workers
    3. Responsibility toward consumers
    4. Responsibility Towards Government
    5. Responsibility towards community
    BUSINESS ETHICS
     It refers to the moral values or standards or norms which govern the
    activities of a businessman. Ethics define what is right and what is
    wrong. By ethic we mean the business practices which are
    desirable from the point of view of Society. The purpose of
    business ethics is to guide the managers and employees in
    performing their job. Example of business ethics are charging fair
    price from customers, giving fair treatment to workers, earning
    reasonable profits and paying taxes tithe government honestly.
    ELEMENTS OF BUSINESS
    ETHICS
    1. Top management commitment
    2. Publication of code
    3. Establishment of compliance mechanism
    4. Employee involvement
    5. Measuring results
    TEACHER’S REMARK
    -

    TEACHER’S SIGN -

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