Social Responsibility and Its Types

Economic responsibility = Going beyond legal obligations to do what is right and fair Legal responsibility = Complying with laws and regulations Ethical responsibility = Generating profits and creating economic value Philanthropic responsibility = Contributing to the well-being of society through charitable activities

Respect for persons = Promoting fairness and equality Beneficence = Treating individuals with dignity and respect Non-maleficence = Doing good and promoting the well-being of others Justice = Avoiding harm to others

Enhances reputation and brand image = Supports long-term sustainability and profitability Increases customer loyalty and trust = Improves employee morale and motivation Improves employee morale and motivation = Enhances reputation and brand image Supports long-term sustainability and profitability = Increases customer loyalty and trust

<p>Conflicts of interest = Environmental degradation Bribery and corruption = Discrimination and harassment Discrimination and harassment = Conflicts of interest Environmental degradation = Bribery and corruption</p> Signup and view all the answers

<p>Developing a code of ethics and conduct = Encouraging a culture of transparency and accountability Establishing a corporate social responsibility (CSR) policy = Providing training and education on ethics and social responsibility Conducting regular ethical audits and assessments = Developing a code of ethics and conduct Providing training and education on ethics and social responsibility = Establishing a corporate social responsibility (CSR) policy</p> Signup and view all the answers

<p>Social responsibility = Considering the impact of business decisions on stakeholders Economic responsibility = Generating profits and creating economic value Philanthropic responsibility = Contributing to the well-being of society through charitable activities Ethical responsibility = Going beyond legal obligations to do what is right and fair</p> Signup and view all the answers

<p>Enhances reputation and brand image = Improves employee morale and motivation Increases customer loyalty and trust = Supports long-term sustainability and profitability Improves employee morale and motivation = Enhances reputation and brand image Supports long-term sustainability and profitability = Increases customer loyalty and trust</p> Signup and view all the answers

<p>Respect for persons = Avoiding harm to others Beneficence = Doing good and promoting the well-being of others Non-maleficence = Treating individuals with dignity and respect Autonomy = Promoting fairness and equality</p> Signup and view all the answers

<p>Economic responsibility = Going beyond legal obligations to do what is right and fair Legal responsibility = Generating profits and creating economic value Ethical responsibility = Complying with laws and regulations Philanthropic responsibility = Contributing to the well-being of society through charitable activities</p> Signup and view all the answers

<p>Developing a code of ethics and conduct = Providing training and education on ethics and social responsibility Establishing a corporate social responsibility (CSR) policy = Conducting regular ethical audits and assessments Conducting regular ethical audits and assessments = Developing a code of ethics and conduct Providing training and education on ethics and social responsibility = Establishing a corporate social responsibility (CSR) policy</p> Signup and view all the answers

<p>Conflicts of interest = Bribery and corruption Bribery and corruption = Discrimination and harassment Discrimination and harassment = Conflicts of interest Environmental degradation = Environmental degradation</p> Signup and view all the answers