answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Which is an example of social responsibility in the business world?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What stance should businesses take regarding social responsibility?

social responsibility is the personal obligation of every one , as he acts in his own interest , to assure that the rights and legitimate interests of all other are not infringedBusinesses address their social responsibilities in a number of different ways and some chose not to do so at all.An example of one business who thinks that their turnover allows for them to make a difference in the world are Bed Ted who have recently pledged to donate an item of baby bedding to a mother in need for every one bought.


Characteristics of business ethics?

Characteristics of Business Ethics?Business ethics are ethics that refer to the moral rules and regulations governing the business world. In other words, they are the moral values that guide the way corporations or other business make decisions. Some business ethics are imposed by law.Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. Good business ethics should be a part of every business. The important characteristics of business ethics are;1. As a guide: - Business ethics constitutes the guiding principles of business functions with the help of this, businessmen can lean about the progress, situation, environment and conditions of the business.2. Goals and means: - Business ethics is that branch of the business environment in which can study about the goals and means for the rational selection of sacred objects and their fulfillment.3. Art and Science: - Business ethics is concerned with the principles of business behaviour, standards, moral values etc. With the study of business ethics, we can show the difference between good and evil, proper and improve actions of business. For these activities in business, business ethics is known as an ideal science. It is an art because it emphasizes practical use of behavioural standards, techniques and principles.4. Study Human Aspects: -Business ethics all those which are concerned with human aspect. It provides information to customers, government, society etc, on good or bad, right or wrong conducts of business.5. Difference from Social Responsibility: -Social responsibility is concerned with functions, programmes and policies of an enterprise, whereas business ethics is related with the conduct and behaviour of businessmen. But social responsibility of business and its policies are influenced by ethics.6. Technology based: - The development of business ethics is possible on the basis of theological principles, such as service, human welfare, sincerity, good behaviour etc.7. Development Personal Dignity: -Personal dignity can develop with the principles of ethics.8. Unrelated to Emotions: -Business ethics is not concerned with emotions but is based on reality and social customs. As a matter of fact, business ethics is developed after testing the requirements of business environment, social customs and traditions.9. Universal Philosophy: - Business ethics is a universal philosophy. Ethical principles have relevance in every business.


Experts on social issues tend to view poverty as a matter of personal choice and responsibility or a significant problem only for the third world or a vicious circle from which it is difficult to esca?

clothing


What is the importance of business in modern world?

It is now a widely held view that a new era has dawned in which businesses must adopt a new conception of their mission, purpose and conduct, by endorsing and implementing corporate social responsibility. The primary role of business is to act as a vehicle for economic progress. This role depends upon business enterprises operating within the framework of a competitive market economy. If we ask businesses to achieve broader social goals, we risk undermining the very system in which business activity leads to opportunity and prosperity. The material prosperity created by the activities of business is threatened by the "global Salvationist consensus" that has arisen in recent years and which seeks to change the role of business via the doctrine of corporate social responsibility and this consensus is based upon a set of fallacious beliefs about the nature of capitalism, profiteering and business. In the contemporary business world only thing that seems to be constant is change and the nature of the competition is such that companies need to leverage on the way they manage change to gain a competitive advantage. Moreover, the types of changes the companies experience vary in nature as well, for instance, as industries consolidate, there are increasing number of mergers and acquisitions, the pressures on organization to compete in a more global arena are leading to different competitive pressures and more strategic alliances. Furthermore, rapid technological changes are forcing organizations to embrace new technologies and change the way they work and interface with suppliers and customers.


Why does most of the world's international trade take place between economies that are similar in their level of economic development?

Because of the reason as bellow: -Regulation and policy -Economic involvement -Technology -Resources -Culture and environment -social responsibility From lay lay168

Related questions

What is the difference between social responsibility and corporate social responsibility?

The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.


What is the difference between Corporate Social Responsibility and Corporate Citizenship?

The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.


What stance should businesses take regarding social responsibility?

social responsibility is the personal obligation of every one , as he acts in his own interest , to assure that the rights and legitimate interests of all other are not infringedBusinesses address their social responsibilities in a number of different ways and some chose not to do so at all.An example of one business who thinks that their turnover allows for them to make a difference in the world are Bed Ted who have recently pledged to donate an item of baby bedding to a mother in need for every one bought.


Did the Lehman Brothers fulfill their ethical and social responsibility?

No, they broke the world economy


Who were Alonzo Henson Chloe spear and Josiah waddle?

Former slaves who became important in the African American business and social world


What is the social responsibility of Adidas?

In an effort to boost its social responsibility, Adidas is planning to make "one Euro shoes" for the millions of people around the world who cannot afford to buy shoes.


What is scope of social media?

For businesses, social media has a great scope. All social media sites can be effectively and smartly used as a platform for advertising the business and make people from across the world to know about the business. Today, for every business to be successful it is important to build a robust social relationship with their audiences and related type of business.


What is an example of an aim in business?

A business aim is a goal a business wants to achieve. An aim is something to do with the general direction of the business. For example to offer world class customer service at all times


How is social system effects the organizational?

Social system effects the organizational which is increasingly competitive with dynamic business world. Making managers develop appropriate business strategies that will turn into an organization in the long run.


Characteristics of business ethics?

Characteristics of Business Ethics?Business ethics are ethics that refer to the moral rules and regulations governing the business world. In other words, they are the moral values that guide the way corporations or other business make decisions. Some business ethics are imposed by law.Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. Good business ethics should be a part of every business. The important characteristics of business ethics are;1. As a guide: - Business ethics constitutes the guiding principles of business functions with the help of this, businessmen can lean about the progress, situation, environment and conditions of the business.2. Goals and means: - Business ethics is that branch of the business environment in which can study about the goals and means for the rational selection of sacred objects and their fulfillment.3. Art and Science: - Business ethics is concerned with the principles of business behaviour, standards, moral values etc. With the study of business ethics, we can show the difference between good and evil, proper and improve actions of business. For these activities in business, business ethics is known as an ideal science. It is an art because it emphasizes practical use of behavioural standards, techniques and principles.4. Study Human Aspects: -Business ethics all those which are concerned with human aspect. It provides information to customers, government, society etc, on good or bad, right or wrong conducts of business.5. Difference from Social Responsibility: -Social responsibility is concerned with functions, programmes and policies of an enterprise, whereas business ethics is related with the conduct and behaviour of businessmen. But social responsibility of business and its policies are influenced by ethics.6. Technology based: - The development of business ethics is possible on the basis of theological principles, such as service, human welfare, sincerity, good behaviour etc.7. Development Personal Dignity: -Personal dignity can develop with the principles of ethics.8. Unrelated to Emotions: -Business ethics is not concerned with emotions but is based on reality and social customs. As a matter of fact, business ethics is developed after testing the requirements of business environment, social customs and traditions.9. Universal Philosophy: - Business ethics is a universal philosophy. Ethical principles have relevance in every business.


What are different types of social media?

In this digital world, there are different types of Social Media.1. Social Networking sites2. image sharing sites3. Messaging sites4. Video sharing sitesAll of these are used by people, all have their own significance. There are many platforms of social media where we can promote our brand or business to get more leads or traffic.


What is a 'business aim'?

A business aim is a goal a business wants to achieve. An aim is something to do with the general direction of the business. For example "…to offer world class customer service at all times"