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GROUP NO 5
MEMBERS
1.RAHUL.K
2.ATHIRARAJ.V
3.SRUTHI.MP
4.MOHAMMED ASLAM.K.P
5.SOORAJ
6.swathy
SOCIAL RESPONSIBILITY
OF BUSINESS
INTRODUCTION
The socio-economic obligation of business refers to
its responsibility in preventing to prevent economic
consequences of business from adversely affecting
public welfare.
Social-human obligation denotes to the obligation of
business to nurture and develop its human resources
so that employees get every opportunity to grow,
develop and advance through life and their careers
and to promote human values within the organization.
DEFINITION
Keth Devis has defined social responsibility in the
following words:
"Social responsibility refers to the businessman's
decision and actions taken for reasons at least partially
beyond the firm's direct economic or technical
interest."
Keith Davis Model of Corporate Social Responsibility
Social
Society at responsibility
large employee
customer
Responsibilities Towards Shareholders
Fair treatment
No discrimination on the basis of sex, caste or creed
Fair wages
Fair appraisal system
Healthy and safe working environment
Establishment of fair work standards and norms
The provision of labour welfare facilities
Fair opportunity for accomplishment and promotion
Proper recognition, appreciation and encouragement
system
An opportunity for participating in managerial
customers
To avoid any type of cartel formation that a attempts
of inside information.
Not bribing public servants and corrupting the democratic
other stakeholders.
Making timely payment of borrowings and interest.
Not adopting a communication strategy that is not
Decreasing Cost
Brand Loyalty and High Saks
E-Choupal