Shareholders are the owners of the company. They invest their money and also undertake risk. Therefore, the company owns responsibilities to its shareholders as mentioned below :-
Shareholders are the owners of the company. They invest their money and also undertake risk. Therefore, the company owns responsibilities to its shareholders as mentioned below :-
Shareholders are the owners of the company. They invest their money and also undertake risk. Therefore, the company owns responsibilities to its shareholders as mentioned below :-
Shareholders are the owners of the company. They invest their money and also undertake risk. Therefore, the company owns responsibilities to its shareholders as mentioned below :-
Shareholders are the owners of the company. They invest their money and also undertake risk. Therefore, the company owns responsibilities to its shareholders as mentioned below :-
1. To ensure safety of investment.
2. To ensure fair and regular return on investment.
3. To give complete information regarding the financial position of the business.
4. To give them opportunities to participate in decision making.
5. To ensure appreciation of investment by proper utilisation of resources.
6. To make proper use of funds of shareholders.
Some reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethics
If a business shows social responsibility by contributing to a local charitable organization, it will have a positive effect on its customers. However, if that same business ignores local charities and donates to other charities that are of a foreign nature, it might have a negative affect because local problems are being ignored.
it is ,to some extent
tescos
it is ,to some extent
It is called a "fiduciary" responsiblity.
"The only social responsibility of a company is to deliver profit to its shareholders".
to maintain an image of company towards society
how can society help business meet social responsibility
Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.
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.
Yes, it can, but expect that business to be short lived. Nowadays, business is about more than just money. More and more, there is a switch towards higher social responsibility.
I think CSR is the responsibility towards the society, your contributions towards the society and also serving the nation.
Poerwanto has written: 'Corporate social responsibility' -- subject(s): Business ethics, Corporate culture, Social responsibility of business
milton friedman
Actually we cant use the term social responsibility in this context, because social responsibility of the company is showed towards the public and government. But suppliers are part of the business. If an oirganisation is providing the correct information and not cheating the suppliers that would be more than enough to the supplier that's the vendor.
claim that the sole social responsibility of business is to increase its profits.