Social Responsibility - Social Responsibility Means The Obligation Of Business To Act In a Manner Which Will Benefit Society.

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Social responsibility Social responsibility means the obligation of business to act in a manner which will the best interests of the society . Social obligation of a business relates to the voluntary efforts on the part of businessmen to contribute to the social well being . Social responsibility is broader than legal responsibility of business . Legal responsibility may be fulfilled by mere compliance with the law . Social responsibility is more than that . It is firm’ s recognition of social obligations even though not covered by law, along with the obligations laid down by law .
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Social responsibility Role Ethics Corresponds to Basis Human Needs – It is a human trait that man desires to be ethical ; not only in his private life but also in his business affairs where, being a manager, he knows his decisions may affect the lives of thousands of employees .

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