what is social responsibility of business towards its customers?
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Businesses also have a responsibility to customers to provide good, safe products and services. Organizations are responsible to the general public to be good corporate citizens. Firms must help protect the environment and provide a good place to work.
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Corporate social responsibility is a broad concept that can take many forms depending on the company and industry. Through CSR programs, philanthropy, and volunteer efforts, businesses can benefit society while boosting their brands.
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Introduction: Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis.
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The purpose of CSR is to encourage businesses to conduct their companies in an ethical manner and work towards having a more positive impact on society through ensuring sustainable growth.
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CSR is more narrowly about a company's SOCIAL obligations…that is, a company's obligations to society in general. So, business ethics is concerned with not just social obligations, but also obligations to employees, customers, suppliers and competitors.
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As a philosophy, CSR maintains that businesses are members of the society they operate in (corporate citizens), and are therefore accountable to society for their actions. CSR ensures that companies conduct business ethically and responsibly. ... Your company's impact on the South African economy.
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There are four levels of social responsibility: economics, or the responsibility of the business to be profitable; the responsibility to meet the legal obligations—businesses must comply with the law and regulations; companies have a responsibility to act ethically and morally and to choose the action that causes the ...
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Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner that benefits society. ... However, critics argue that the basic nature of business does not consider society as a stakeholder.
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CSR Issues. Corporate social responsibility (CSR) aims to optimise the benefit to an enterprise's stakeholders and to prevent or dampen the potential adverse affects of its activities. CSR therefore covers a broad spectrum of issues that must be taken into account in business conduct.
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Corporate Social Responsibility, or CSR, is a system of self-regulation for a business to become and remain socially accountable to its customers, employees, peers, and community. ... Beyond the community benefits from social responsibility, the business hopes to improve its brand image and thus profitability.
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Corporate social responsibility (CSR) refers to the voluntary decision of companies to address social and environmental concerns by contributing to a public good, reducing external costs, and increasing fairness or distributional equity.
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Social responsibility is about fulfilling our responsibilities, prioritizing the person and ensuring that our business contributes to the common good.
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Social responsibility in business, also known as corporate social responsibility (CSR), pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues.
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Social responsibility is the duty and obligation of a business to other stakeholders. Social responsibility for one group can conflict with other groups, especially between shareholders and stakeholders. Ethics refers to the moral rights and wrongs of any decision a business makes.
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Corporate Social Responsibility (CSR) is a form of self-regulation, conscious attempts and self-efforts undertaken by organisations for self-preservation and enhancement of their operations. ... The models of CSR encourage businesses to actively and voluntarily contribute to community development.
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social responsibility. define business social responsibility. the obligation to make business decisions that consider an impact on society.
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Social responsibility is the duty and obligation of a business to other stakeholders. Social responsibility for one group can conflict with other groups, especially between shareholders and stakeholders. Ethics. Ethics refers to the moral rights and wrongs of any decision a business makes.