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State responsibilities of business organization towards owners. |
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Answer» BUSINESS is a social institution. It is operated within the society, for the people and by the people living in the society. It exists, survives, operates and grows. In the society. Therefore, it has CERTAIN obligations TOWARDS society, which are known as social responsibilities. A business must always recognize and understand the aspirations of the society and try to meet them. According to Keith DAVIS andBlamestorm, “social responsibility refers to the obligation of decision makers of the business to take actions which PROTECT and improve the welfare of the society as a whole along with their own interests.” According to J.L Paluszek, “Corporate social responsibility is seriously considering the impact of company's activities in society.” HOPE YOU LIKE THIS |
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