BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Social responsibility refers to an individual or corporate accountability to fulfill their civic duty and take actions that will benefit society. Socially responsible company managers make decisions that maximize profits and protect the interests of the community and society as a whole.

Detailed explanation-2: -a . Corporate philanthropy is the initiatives of the corporations to help in promoting social welfare through their socially responsible actions.

Detailed explanation-3: -Social responsibility is an obligation organizations have to society. It means going beyond legal responsibilities and profit making. Social responsibility tries to align organizational long-term goals with what is good for society.

Detailed explanation-4: -Defined as the “responsibility of an organization according to the impact of its decisions and activities on the society and the environment” (ISO, 2010), it involves taking into account the expectations of the stakeholders at the heart of its functioning.

Detailed explanation-5: -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.