Social Responsibility

SOCIAL RESPONSIBILITY AND ETHICS:

SOCIAL RESPONSIBILITY AND ETHICS

Social Responsibility:

Social Responsibility Management’s consideration of profit , consumer satisfaction , and societal well- being of equal value in evaluating the firm’s performance. Contributions to the overall economy, job opportunities , and charitable contributions and service. Organizations measure through social audits .

Areas Of Responsibility:

Areas Of Responsibility To the Government . To the suppliers . To the General pubic . To Customers . To Employees . To the Owners or Shareholders .

Responsibilities to the Government:

Responsibilities to the Government Honest and Timely Payment of Taxes. Compliance with Laws and Government policies.

Responsibilities to the Suppliers:

Responsibilities to the Suppliers Fair Terms and Conditions. Timely Payments. Suggestions for Improvement.

Responsibilities to the General Public:

Responsibilities to the General Public Public Health Issues . What to do about inherently dangerous products such as alcohol, tobacco, vaccines, and steroids. Protecting the Environment . Using resources efficiently, minimizing pollution. Recycling . Reprocessing used materials for reuse. Developing the Quality of the Workforce . Enhancing quality of the overall workforce through education and diversity initiatives. Corporate Philanthropy . Cash contributions, donations of equipment and products, and supporting the volunteer efforts of company employees.

Responsibilities to customers:

Responsibilities to customers The Right to Be Safe . Safe operation of products, avoiding product liability. The Right to Be Informed . Avoiding false or misleading advertising and providing effective customer service. The Right to Choose . Ability of consumers to choose the products and services they want. The Right to Be Heard . Ability of consumers to express legitimate complaints to the appropriate parties.

Responsibilities to Employees:

Responsibilities to Employees Workplace Safety . Monitored by Occupational Safety and Health Administration. Quality-of-Life Issues . Balancing work and family through flexible work schedules, subsidized child care, and regulation such as the Family and Medical Leave Act of 1993. Ensuring Equal Opportunity on the Job . Providing equal opportunities to all employees without discrimination; many aspects regulated by law. Age Discrimination . Age Discrimination in Employment Act of 1968 protects workers age 40 or older

Responsibilities to Owners or Shareholders:

Responsibilities to Owners or Shareholders Fair Return on capital. Safety of Funds. Capital Appreciation. Sharing of Information about Working of Business and Future Plans.

Dimensions Of CSR :

Dimensions Of CSR Traditional corporate philanthropy , i.e ., charity for socio-cultural and religious purposes. CSR , with a focus on sustainable development and attending to stakeholders priorities. Ethical business , based on social values and stakeholders’ long term interests.

Components Of CSR:

Components Of CSR

Some Examples Of CSR:

Some Examples Of CSR TISCO has made several contributions in areas such as community development, social welfare, tribal area development, rural industrialization, and so on. BHEL has contributed to the development of the quality of life in rural areas, healthcare and family welfare, adult education and so on. SAIL has contributed to the sectors of agriculture, industry, education, healthcare and so on. ITC has been socially active in the areas of agriculture, culture, sports, and pollution control.

BUSINESS ETHICS :

BUSINESS ETHICS The standards of conduct and moral values governing actions and decisions in the work environment . Social responsibility. Balance between what’s right and what’s profitable. Often no clear-cut choices. Often shaped by the organization’s ethical climate.

Some Examples Of Ethics are:

Some Examples Of Ethics are To charge fair prices from customers. To pay taxes to the government honestly. To earn reasonable profits. To give fair treatment to the workers. To use fair weights for measurement of commodities.

Need and Importance of Business Ethics:

Need and Importance of Business Ethics Environmental Pressure. Enlightened Self Interest. Moral Consciousness. Legal Requirements.

Principles Of Business Ethics:

Principles Of Business Ethics Be Trustful Keep an open mind. Meet obligations. Have clear documents. Become community involved. Maintain accounting control. Be respectful.

THANK YOU!!!!:

THANK YOU!!!!