Business social responsibility
A social responsibility framework is an ethical system that suggests individuals, businesses and organisations have an obligation for society’s benefit. Before making decisions, it is important to consider the potential effects their actions could have on people and communities. You must also ensure that all activities are done in fair and equitable ways, with a view to achieving long-term sustainable development.
When it comes down to its role in business, social responsibility entails organizational efforts not only maximize profits but also actively ensure positive contributions made company’s stakeholders such as customers, employees and local communities being served by it. These can help businesses build strong relationships and increase their credibility, which could lead to additional advantages down the road.
Businesses should take social responsibility seriously as they could be in legal trouble and lose productivity. It is important to have the right policies and procedures in place so that these kinds of problems can be addressed promptly.