Social Responsibility means for every business as the objective of managers for taking decision related to business is not only to maximize profit or shareholder value but also to serve and protect the interest of other members of its society like consumer, worker and community as a whole.

Social responsibility of business is important from the following point of view.

1. From employees’ point of view: with the help of companies’ employment and healthy working condition, social responsibility of business is important for employees. 

2. From Customer point of view: under social responsibility, business follows ethical practice and manufactures the product which is as per expected quality and reasonable price. 

3. From investor point of view: business who understand value of social responsibility is provide protection to the investor fund with help of development and growth of its business as well as expected return to investors with profit earn by it. 

4. From Suppliers point of view: the importance of social responsibility is also require to perform in case of suppliers as they are one to provide raw material to business as well as other required material. When they are paid on time as well as reasonable demands of them are satisfied company, suppliers are loyal to business. 

5. From government point of view: when business pay regular taxes, follow the norms of government then it is consider as social responsibility of business which is duly fulfill by it. 

6. From Society point of view: business need to work in society, some importance of social responsibility is also define from society point of view. The business provide good product, try to maintain clean environment, provide opportunity to participate to business as well as work for the overall development of society, these are the some example of it.