Social responsibility of Business

We know that business is also a social activity . It follows the customs, tradition ,ethics of society There are many social responsbility of business. These are as below- 

There are a number of persons , organizations concern to our organization. These are shareholders, personnel, customers, consumers, government, society and so on. 

The process in which  we develop above explain person, organization by our  product, service , policy this process is called social responsiblity .

 According to Peter F.Druker- Social responsbilty requires managers to consider whether their actions are likely to promote the public good to advance the basic belif of society to contribute to its stability strength and harmoney.

There are a number of ways we perform social responsibility.These ways are as below 

1. Customers- Customers are the first member of business's family. They exchange product service to us on the behalf of money . We should provide good quality product service at right price. If customers are satisfied they advertise organization and we achive goal. 

2. Human resourse force- Human resourse force is the second member of business family. They provide their best talent ,knowledge, skill , wisdom ,labour to perform the function of organization by effectative, efficient way. It is our responsibility to fulfill their need want of human resourse force.

3. Shareholders- The persons who invest their mony in organization they are called shareholders. They expect us more return so it is our responsibility to perform our function in such type of way that we get maximum profit and return maximum to shareholders. 

4. Government- There are three types of government in India. These are local state and central government. Every government makes policy, rules-regulation to develop people. It is our social responsiblity to follow all rules regulation , policy that is made by government.

5. Society- Society is also an important element of business . Every society has its own norms, customes , tradition, culture, value and so on. It is our responsibility to follow all these things and develop society.

So we can say that social responsibility is an essential element of progress and every organization should follow it for his progress.