Social Responsibilities of Business and Business Ethics

Social responsibility of business refers

Social responsibility of business refers to its obligation to take decisions and perform actions that are desirable in terms of the objectives and val

CSR is defined by the European

CSR is defined by the European Commission as "the responsibility of enterprises for their impacts on society" and by the World Business Council for Su

Social responsibility is broadly divided into

Social responsibility is broadly divided into four categories: economic, legal, ethical, and discretionary. Economic responsibility is to produce good

The major arguments are justification

The major arguments are justification for existence and growth, long-term interest of the firm, avoidance of government regulation, maintenance of soc

The main arguments are violation

The main arguments are violation of profit maximisation objective, burden on consumers, lack of social skills, and lack of broad public support.