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Introduction
y Social responsibility of business refers to what the business
H.S.
H
S Singhania classifies the nature of the social responsibility
of business into two categories :
y The manner in which a business carries out its own business
activity
y The welfare activity that it takes upon itself as an additional
function
y It can thus be said,
said that the economic consequences of any
business action do not adversely affect the public or the
society in general
Responsibility to employees
y Payment of fair wages
y Provision of best p
possible workingg conditions
y Opportunities for education, training and promotion
y Workers p
participation
p
in decision-makingg
y Reasonable chances and proper system for accomplishment and
promotion
y Establishments of fair working standards and norms
y Proper recognition, appreciation and encouragement of special
skill and capability of the workers
Responsibility to consumers
y Research and development to improve quality and introduce
y
y
y
y
y
y
y
balance
Provide maximum employment
p y
opportunity
pp
y
To conserve scarce resources and to develop alternatives, if
possible
Promotion of ancillary units and SSIs
Rehabilitatingg the population displaced byy operation of
business, if any
Development of Backward area
Making possible contribution to promote education and
population control
Thank you