Published Oct 22, 2022
2 mins read
405 words
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Economics
Academics and Education
Knowledge Sharing

What Is Social Responsibility Of A Business?

Published Oct 22, 2022
2 mins read
405 words

Hello friends I am really sorry I am writing after a very long time I was on a vacation to Odisha so now I am back and I promise that you will be getting blogs regularly. So as he was discussing about business and entrepreneurship we will today be discussing about social responsibility of a business. This is a term which all of us specially students would have study in their high school and colleges. Every business take something from society and so it needs to give back to it to inform of using eco friendly products giving quality extra or anything which is positive to the society. We can say the expectations from the business are there it will provide something good in return to this society at large and not only to its investors or share holders. Every company and every business should contribute value to this society through its business. For example you must have seen many businesses which contribute some percentage of their sales or the revenue the generate to NGOs or other government organizations. When it comes to giving back to the society a business must understand that its first priority is to ensure that it is creating some value not only two its shareholders or investors but also for its customers employees and other people who are related to the business. Every business must take care of the environment environment damage should be ignore by using eco friendly ways of production. Industrial ways should be recycle and reused all companies must try to reduce the emission of greenhouse gases for the sake of Public Health s is social responsibility is often recognised by the people and the government. Sach business is able to gain people sympathy and makes a place in their hearts. If people see a business providing something great to the society then naturally incline towards it and want to buy more from it so that they can also participate in growth of society and economy. According to many economist business in ancient times was just to supply goods and services to the section of people in this society through available resources and profit maximization was the most important goal. But eventually everything is changed now the main focus of business is customer satisfaction . In my next blogs I will try to explain this concept more briefly. Thank you for reading this. Please like, share and follow. 

society
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srini2020 10/22/22, 4:07 AM
Can you please read my blogs and give likes
subir_cdlmnkblog 10/22/22, 3:21 PM
1
All the social responsibilities of a business firm nicely described, nice blog too, please read my blogs also.
1
nobin.karthik 10/22/22, 3:38 PM
Good one. Use grammarly app
aishu.ais 6/30/23, 2:02 PM
Good

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