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What 3 examples of how businesses address their social responsibility function?

Social responsibility is a way for businesses to ensure they are following the laws and ethical standards set by consumers, lawmakers, and stockholders. Three examples of addressing social responsibility include environmental sustainability, community involvement, and ethical marketing practices.


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The web address of the Statue Of Responsibility Foundation is: http://www.statueofresponsibility.com


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Classical view of responsibility holds that a business should solely focus on maximizing profits for shareholders, while social responsibility view believes that businesses should also consider and address the impact of their actions on society and the environment. Classical view emphasizes economic performance, while social responsibility view emphasizes ethical and social impacts.


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The classical view of social responsibility is to minimize profit and maximize the best interest of the owners. The socio economic view of social responsibility the primary responsibility is to enhance and protect societies welfare and maximizing profit is secondary


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