Social Responsibility
Definition
Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems.
A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment, though this has been challenged by many reports over the past decade.
Social responsibility means sustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone whose any action impacts the environment.
This responsibility can be passive, by avoiding engaging in socially harmful acts, or active, by performing activities that directly advance social goals. Social responsibility must be intergenerational since the action of one generation, have consequences on the following.
Why is social responsibility important to a business?
is important to a business because it demonstrates to both consumers and the media that the company takes an interest in wider social issues that have no direct impact on profit margins. These issues may be local, national or global, but a concern for the health and wellness of others that does not involve sales can be seen as commendable, if handled well.
How to implement CSR in your company?
Examine and understand
Truly understand the company’s values and corporate culture.
Keep it holistic
Link the past with the future, and make it count.
Prepare to adapt
Stay flexible and adaptable
It is such a small task but it will make such a big difference in someone’s life. The small gesture of saying thank you and showing appreciation while building the community around you. Preserving that what is important to you and to ensure a legacy for those to follow once you are gone
en.wikipedia.org/wiki/Social_responsibility
www.investopedia.com/ask/answers/041015/why-social-responsibility-important-business.asp