Importance Of Social Responsibility In Business

3409 Words14 Pages
Diploma in Business administration
Cyryx collage
Shahyn abd samad

1. Social responsibility is define as a business’s obligation, beyond that required by law and economics, to pursue long-term goals that are good for society. This definition assumes that a business obeys laws and pursues economic interests. And this definition views business as a moral agent. That is, in its effort to do good for society, it must differentiate between right and wrong. The more obvious examples include: employee relations, philanthropy, pricing, resource conservation, product quality, and doing business in countries that violate human rights.
2. The growing trend towards CSR has increased day by day. At the World Economic Forum in 1999, the United Nations secretary general challenged world business leaders to “embrace and enact” the Global Compact. Global organizations have been asked to incorporate these guidelines into their business activities. Today, hundreds of companies and international labour organizations from all regions of the world are engaged in the Global Impact. The case study says that, “there is increasing evidence that people want to feel good about there they work. If they don’t know about the positive things their company does, they can’t tell others. If you want your people to be your ambassadors, its essential to arm them with the stories you want them to tell”. Therefore, this is the evidence that a more positive attitude towards CSR is

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