SOCIAL RESPONSIBILITY

Social responsibility (or, corporate social responsibility) is a theory that asserts that businesses, in addition to maximizing shareholder value, have an obligation to act in a manner that benefits society .

Understanding Social Responsibility:

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole.

In general, social responsibility is more effective when a company takes it on voluntarily, as opposed to being required by the government to do so through regulation. Social responsibility can boost company morale, and this is especially true when a company can engage employees with its social causes.