What are the social responsibilities of business?

Answer by  flamiss22 (5081)

While there is no required social responsiblity for businesses to donate financially, it can be a golden opportunity to get some positive notices from the community and the media alike. When a business share some of its success with others it can help many people in the community and those people can in turn bring new business in.

Answer by  tamarawilhite (17883)

Businesses have a foremost responsibility to the shareholders. Employees are second. Customers are third. There is no specific social responsibility to the general public except avoiding harm or damage.

Answer by  JBFLA (285)

In short, there are none. Your job as a business is to make a profit. That benefits the community by virtue of the fact that you are employing people by producing a valuable product. Don't let social organizations pressure you into "giving back" as you have not "taken" anything.

Answer by  soakshimmer (104)

One social responsibility of a business is to increase its profit ethically. Taking the environment into consideration can also be another factor when talking about social responsibilities.