3

Social Responsibility of Business & Business Ethics

LEARNING OBJECTIVES

After studying this chapter, you should be able to know —

  • Meaning of Social Responsibility or Social Obligation
  • Features of Social Responsibility
  • Case for/Need for Social Responsibility of Business
  • Social Responsibilities of Business
  • Three Levels of Corporate Social Responsibility
  • Uses of Social Responsibility
  • Issues on Social Responsibility
  • Meaning of Social Values
  • Meaning of Social Ethics
  • Business Ethics

Social responsibility means the obligation or responsibility of business to act in a manner which will serve the best interest of the society. It relates to the voluntary efforts of businessmen towards the ...

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