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TOPIC- SOCIAL RESPONSIBILITY OF BUSINESS

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“The social responsibility of business

encompasses the economic legal, ethical

and discretionary expectations that a society has of organization at a given point in time “

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OBJECTIVES OF SOCIAL RESPONSIBILITY-

  • OBJECTIVES OF SOCIAL RESPONSIBILITY-*Economic objectives
  • 1.The owners
  • 2.The employees
  • 3.The customers

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TYPES OF SOCIAL RESPONSIBILITES

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REALITY OF SOCIAL RESPOSIBILITY

  • 1.THREAT OF PUBLIC REGULATION
  • 2.PRESSURE OF LABOUR MOVEMENT’
  • 3.IMPACT OF CONSUMER CONSCIOUSNESS
  • 4.DEVELOPMENT OFBUSSINESS EDUCATION
  • 5.RELATIONSHIP BETWEEN SOCIAL AND BUSINESS INTEREST.

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SOCIAL RESPONSIBILITY TOWARDS DIFFERENT INTEREST GROUPS.

  • 1.RESPONSIBILITY TOWARDS THE WORKERS.
  • 2. RESPONSIBILITY TOWARDS SHAREHOLDERS OR OWNERS
  • 3. RESPONSIBILITY TOWARDS CONSUMERS.
  • 4. RESPONSIBILITY TOWARDS THE GOVERNMENT AND COMMUNITY.

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Why is social responsibility important to a business?

  • 1. Best Interest of Business to Promote and Improve the Communities
  • 2.  Improves Public Image of the Firm
  • 3. Improving Stock Price
  • 4. Solving Social Problems
  • 5. Resource given by the organizations to solve the social problem

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ETHICAL�•This includes the behavior of the firm�that is expected by society but not in�codified by law.

  • LEGAL
  • A business has a responsibility to operate by the
  • laws of the land, since laws are meant for the
  • good of society

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Social Objectives�

  • 1. Micro Level (i.e., immediate
  • environmental objectives )
  • 2.Macro level (i.e., national objectives)

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LAW VS ETHICS

BASIS FOR COMPARISON

LAW

ETHICS

Meaning

The law refers to a systematic body of rules that governs the whole society and the actions of its individual members.

Ethics is a branch of moral philosophy that guides people about the basic human conduct.

What is it?

Set of rules and regulations

Set of guidelines

Governed By

Government

Individual, Legal and Professional norms

Expression

Expressed and published in writing.

They are abstract.

Violation

Violation of law is not permissible which may result in punishment like imprisonment or fine or both.

There is no punishment for violation of ethics.

Objective

Law is created with an intent to maintain social order and peace in the society and provide protection to all the citizens.

Ethics are made to help people to decide what is right or wrong and how to act.

Binding

Law has a legal binding.

Ethics do not have a binding nature.

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Elements of an BUSINESS ETHICS�

  • 1. Identification
  • 2.Evaluation
  • 3. Imagination
  • 4. Tolerance
  • 5. Obligations
  • 6.Obligations

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Business and Environmental Protection

  • Environment – The totality of man’s

surrounding which are in the nature of resources such as land, water, flora, fauna etc.

  • Pollution – The introduction of harmful

substances into the environment

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TYPES OF POLLUTION

  • AIR POLLUTION
  • WATER POLLUTION
  • LAND POLLUTION
  • SOUND POLLUTION

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CAUSES OF POLLUTION

  • 1. Burning of Fossil Fuels
  • 2.  Indoor air pollution
  • 3. Agricultural activities
  • 4. Mining operations
  • 5. Exhaust from factories and industries.

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Need for Pollution Control�

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  • Reduction of Health Hazard
  • Reducing Liability
  • Cost Saving
  • Improved Public Image
  • Other Social Benefits

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Role of Business in Environmental PROTECTION�

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1. Creating, Maintaining and developing work

culture for environmental protection

2. Adopting eco friendly techniques

3. Complying with laws enacted by the

government for prevention of pollution

4. Involvement in environmental protection

programs

5. Assessment of pollution control

6. Arranging workshops and training materials

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ROLE OF CONSUMER ORGANISATION AND NGO’S

  • 1. Organising Protests against Adulteration etc.
  • 2. Helping Educational Institutions.
  • 3.  Filing Suit on Behalf of Consumers.
  • 4. Promoting Network of Consumer Associations.
  • 5. Extending Support to Government.
  • 6. Collecting Data on Different Products and testing them.

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Legal protection for customers�

  • The laws are designed to prevent the businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors.  Consumer protection laws are a form of government regulation that aim to protect the rights of consumers.

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CONCLUSION

  • The first responsibility to society is to operate at a profit, and only slightly less important is the necessity for growth . The business organizations must have ethical responsibility as they are doing business, including production, management, and services and so on.

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THANK YOU