Question

The stakeholder view of social responsibility states that organizations must respond to the needs of

Answer 1

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Ans

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The stakeholder view of social responsibility states that organisations must respond to the needs of people .

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Answer 2

The organisations have a social responsibility for the society in which they operate. This is known as the corporate social responsibility of an organisation.

• Corporate social responsibility is the responsibility of the corporations to give back a certain amount of the profits earned by them to do some socially profitable works.
• The companies have to set aside a certain percentage of their profit before tax and help society with that money.
• Usually, companies donate educational programs or give benefits to the socially and economically backwards groups of the society.