INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
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mission statement
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vision statement
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social responsibility
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corporation
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Detailed explanation-1: -Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
Detailed explanation-2: -Types of Social Responsibilities. Every business is engaged in economic activities. So, the prime social responsibility of every business should be economic responsibility. Hence they should sell products and service which can satisfy the need of the society.
Detailed explanation-3: -Overview. Friedman introduced the theory in a 1970 essay for The New York Times titled “A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders.
Detailed explanation-4: -Make sure your company’s core values align with your CSR strategy. Integrate CSR into your business model. Make it easy for employees to participate. Think outside the box. Measure and report on your CSR progress. Set clear company goals. 31-Jan-2022