explain briefly
what is the objective of social responsibility of business ?
Answers
Answer:
According to the concept of social responsibility the objective of managers for taking business decisions is not merely to maximize profits or shareholders' value but also to serve and protect the interests of other members of a society such as workers, consumers and the community as a whole.
Explanation:
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Answer:
1. Non making profit :
Company 1st agenda is to give its contributions towards economic growth. Help small industries to develop. Give opportunities to individuals to grow. E.g. Azim Premji Foundation donate 1 crore to PM relief fund general for COVID19. Ratan Tata also donate 1500 crore to CM relief fund.
2. Help towards society.
Now many companies giveing free health insurance to their employees. And free education to their children. This is also part of social responsibility.
E.g. Tata industry gave free house to their employees.
3. Social Work
Now mostly companies giving free facilities like Gym, Yoga classes, cricket tournaments, etc. to keep their employees happy and energetic.
Such companies also is there, they make gardens, paly grounds, sitting bench, toilet, and etc. For people.