Part 21 Reality of Social Responsibility Together to make business a socio economic activity
Автор: CA Anjali Jain Classes
Загружено: 2025-10-03
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Chapter 6 Social Responsibilities of business and business ethics
Reality of Social Responsibility
Together to make business a socio economic activity:
Business is no longer a mere occupation; it is an economic institution that has to reconcile its short-term and long range economic interests with the demands of the society in which it functions. Essentially, it is this which gives rise to the general and specific social responsibilities of business. While there is no denial of the fact that business is essentially an economic enterprise and that it must ultimately justify itself on economic performance, it is also true that business is an organ of society and as such it must justify its continuance by fulfilling its roles and responsibilities of society.
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