why should business assume social responsibility
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Anyway, I am trying to present the same thing in other way around.
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Anyway, I am trying to present the same thing in other way around.
- Fulfilling social responsibilities enhances long-term growth prospects of a business, since it helps a business to earn positive goodwill in the market.
- Helps a business to avoid government to intervene in its operations, since a business itself is taking care of the ethics.
- Lay a safe environment that is conducive for business growth. A society with greater participation of people, having lesser number of unemployed people, more literate people and people enjoying higher standards of living- all help a business to grow even faster.
- It can be said that a business fulfilling its social responsibilities finds greater availability of resources, since society willingly contributes the resources to the business. This further enhances the growth prospects of a business.
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