why is it necessary that social responsibility can be an important asset for an enterprise
Devesh, an asset is something that is owed by business and that gives return to the business. Thus, if a business fulfills its social responsibility,then it becomes an asset for an enterprise. The following points proofs social responsibility as an asset of the business.
- It provides long-term relation with the consumers
- It provides long-term existence and growth to the business
- It helps in reducing the government intervention in the business
- It helps in creating a favourable environment for the business