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How does social responsibility by businesses affect the consumer community negatively
Business institutions, as citizens, have the responsibility to become involved in certain social problems that are outside their normal areas of operation
No, they broke the world economy
The best way to improve corporate responsibility is to hold organizations accountable for their actions. Consumers can do this by boycotting firms that don't act responsibly.
In plain English, it is simply how the organization give back to the community the benefits it gained from it. There is a long answer by the wikipedia and I provided you a link for your reference.
"The only social responsibility of a company is to deliver profit to its shareholders".
milton friedman
Milton Friedman
Maximizing Profits
chicken
demerits of social responsibility
Barriers to social responsibility include lack of awareness or understanding of social issues, competing business priorities, financial constraints, and resistance to change within an organization. Additionally, perceived lack of direct benefits or incentives for engaging in social responsibility initiatives can hinder progress.
scope of corporate social responsibility
help me to know the scope of social responsibility
The Social Responsibility Theory was proposed in the 1950s and gained prominence in the 1960s as a response to the growing concern about the impact of business activities on society. It emphasizes that businesses have an obligation to act in ways that benefit society beyond just maximizing profits.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.