Discuss Social Responsible of a business, Research, define and discuss social responsibility, what it means, and its role in business.

It is an ethical concept that implies individuals, companies and organisations have a responsibility to do things for society as a whole. It involves considering the possible impacts of actions they may take on their environment, community or people before taking any decision. This also means ensuring that activities are carried out in an equitable and fair manner, while working towards 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. It can be a crucial part of successful strategies, as it not only helps companies to build stronger relationships with the people involved but also boosts their reputation. This will provide additional benefits down the line.

All businesses should take social responsibility seriously, as failure to do so can lead to legal problems and affect productivity. It is therefore important for them implement policies that will allow them handle such issues when they occur.