what is the social responsibility of a business in south africa?
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CSR ensures that companies conduct business ethically and responsibly. This means that you need to consider the impact of you business operations on society, including things like: Your company's carbon footprint and environmental impact. Your company's impact on the South African economy.
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CSR therefore covers a broad spectrum of issues that must be taken into account in business conduct. This includes working conditions, human rights, the environment, preventing corruption, corporate governance, gender equality, occupational integration, consumer interests and taxes.
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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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In business, the premise of ethical responsibility is that, because businesses are agents that carry out actions that affect the world around them, they have a responsibility to behave in ways that don't cause unjustified harm, suffering, waste or destruction.
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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.
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Also known as corporate conscience or corporate citizenship, CSR describes initiatives run by a business to evaluate and take responsibility for their impact on a number of issues ranging from human rights to the environment.
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Corporate Social Responsibility: a business philosophy which stresses the need for firms to behave as good corporate citizens, not merely obeying the law but conducting their production and marketing activities in a manner which avoids causing environmental pollution or exhausting finite world resources.
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Corporate Social Responsibility is an area of growing debate and discussion worldwide and increasingly in Australia. ... Corporate Social Responsibility (CSR) requires companies to consider the interests of all stakeholders including investors, suppliers, consumers, employees and the community in going about its business.
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Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... As such, embracing social responsibility can benefit the prime directive - maximization of shareholder value. There is a moral imperative, as well.
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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 ideological notion that organizations should not behave unethically or function amorally, and should aim (instead) to deliberately contribute to the welfare of society or societies – comprised of various communities and stakeholders – that they operate in and interact with.
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The concept of social responsibility as used in management science is that businesses should maximise their profits subject to their working in a socially responsible manner to promote the interests of the society. Their business activities should not harm other groups such as consumers, workers, and public at large.
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The Social Responsibility And Good Governance Business Essay. ... According to Robinson and Dowson (2011), the social responsibility is described as an ethical or ideological theory in which an entity that can be an individual or an organisation has a responsibility of acting on behalf of the society.
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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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Corporate social responsibility (CSR) is a broad concept of corporate citizenship that can take various forms depending on the company and industry. Through CSR programs, philanthropy, and volunteer efforts, businesses can benefit society while boosting their own brands.
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Understanding Social Responsibility Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... As such, embracing social responsibility can benefit the prime directive - maximization of shareholder value.
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Corporate social responsibility is all about companies playing their responsible part in society and giving back to society, and a big part of that is fundraising for worthy causes. Companies, customers and communities can and should thrive together.