BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Social responsibility is defined as the obligation and commitment of managers to take steps for protecting and improving society’s welfare along with protecting their own interest.

Detailed explanation-2: -10. An organisation’s obligation to act to protect and improve society’s welfare as well as its own interests is referred to as. organisational social responsibility.

Detailed explanation-3: -Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment. CSR helps both improve various aspects of society as well as promote a positive brand image of companies.

Detailed explanation-4: -Every person in an organization is morally responsible for his or her own behavior, and any efforts to change that behavior should focus on the individual. Individuals are members of communities and organizations that are partially responsible for the behavior of their members.

Detailed explanation-5: -While ethics, in general, are concerned with right and wrong, business ethics focus on doing what is best for the shareholders and stakeholders. On the other hand, social responsibility is focused on the company’s impact on the environment and community.