Question: Which Area Of Social Responsibility Is Most Important?

What is the social responsibility of an individual?

Individual Social Responsibility is a moral belief where we as individuals, have a responsibility toward society.

Being “socially responsible” is about all individuals behaving ethically and sensitively towards social, economic, and environmental issues..

What are the 4 areas of social responsibility?

There are four levels of social responsibility: economics, or the responsibility of the business to be profitable; the responsibility to meet the legal obligations—businesses must comply with the law and regulations; companies have a responsibility to act ethically and morally and to choose the action that causes the …

What are social responsibility issues?

CSR therefore covers a broad spectrum of issues that must be taken into account in business conduct. This includes working conditions, human rights, the environment, preventing corruption, corporate governance, gender equality, occupational integration, consumer interests and taxes.

What are the types of social responsibility?

Generally, corporate social responsibility initiatives are categorized as follows:Environmental responsibility. … Human rights responsibility. … Philanthropic responsibility. … Economic responsibility. … Stronger brand image, recognition, and reputation. … Increased customer loyalty and sales. … Operational cost savings.More items…

What is social responsibility towards environment?

Corporate Social Responsibility (CSR) towards the natural environment is a concept of conducting business activities—according to which the companies, in strict compliance with law, and while still making profits—voluntarily take into consideration the impacts of their operations on the environment in their business …

What are the major areas of social responsibility?

ISO 26000-2010: Guidance on Social Responsibility identifies seven core social responsibility subjects:Organizational governance.Human rights.Labor practices.Environment.Fair operating practices.Consumer issues.Community involvement and development.

What you mean by social responsibility?

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. … The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole.

What are the arguments for and against social responsibility?

Arguments for and against Social Responsibility of BusinessBusiness is a part of society.Long-term Self-interest of Business.Moral Justification.Creating Better Public Image.Avoidance of Government Regulations.Maintenance of Society.

What are the six main characteristics of CSR?

(2008) describe the six core characteristics of CSR as followed; (1) voluntary activities that go beyond those prescribed by law, (2) internalizing or managing externalities for example a reduction on pollution, (3) multiple stakeholder orientation and not only focusing on shareholders, (4) alignment of social and …

What is CSR example?

Examples of Corporate Social Responsibility in Action Reducing carbon footprints. Improving labor policies. … Corporate policies that benefit the environment. Socially and environmentally conscious investments.

What are the characteristics of social responsibility?

10 Characteristics of Socially Responsible EmployersSustain a work environment founded on dignity and respect for all employees.Make employees feel their jobs are important.Cultivate the full potential of all employees.Encourage individual pursuit of work/life balance.More items…

What is your responsibility in your community?

Community responsibilities are an individual’s duties or obligations to the community and include cooperation, respect and participation. The concept goes beyond thinking and acting as individuals to common beliefs about shared interests and life. A basic community responsibility is voting in elections.

What are the 3 elements of social responsibility?

The four components of social responsibility are ethical, legal, economic and philanthropic.

What are the major areas of social responsibility of business class 11?

What are the major areas of social responsibility of business?Responsibility towards shareholders or owners: A business enterprise has the responsibility to provide a fair return to the shareholders or owners on their capital investment and to ensure the safety of such investment.Responsibility towards the workers: Management of an enterprise is also responsible for providing.More items…•

What are your social responsibilities as a student?

Student social responsibility mainly focuses on taking responsibility for one’s own actions. … These responsibilities are ethically binding and propose that each person acts in such a way that minimizes the adverse effect to those immediately around them.

What is social responsibility in a community?

Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.

What is the important of social responsibility?

Being a socially responsible company can bolster a company’s image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

What are the top three benefits of social responsibility?

The potential benefits of CSR to companies include:better brand recognition.positive business reputation.increased sales and customer loyalty.operational costs savings.better financial performance.greater ability to attract talent and retain staff.organisational growth.easier access to capital.