Social Responsibilities and Business Ethics Class 11 PDF

Social Responsibilities of and Business Ethics CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS Social Responsibilities refers to the ob...

Social Responsibilities of and Business Ethics CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS Social Responsibilities refers to the obligation of Business towards society, As Business takes all the resources from society so it should work for the Betterment of society (voluntary action) Case Of Social Responsibility Social Responsibilities are must because 1. Self-interest - A more social Being organisation will get more benefits in long Run 2. Better environment for Business 3. Create Public image - faith and trust in the Business 4 Avoidance of government interference 5. Moral justification - solving problems of society, as Business has resources that can assist govt in solving problems CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS Responsibilities towards different interest groups 1. Towards Consumers Follow fair trade practices Handle consumer complaints Quality of product must be good Educate consumers regarding products 2. Towards employees Fair remuneration Safe working environment Peer recognition Career advancement opportunities To provide allied services, housing ,medical etc. 3. Towards co owners Safety of investment Collaborative decision making Reasonable ROI (Return) Proper utilisation of funds FORMATION OF A COMPANY (BUSINESS) CLICK HERE CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS 4. Towards the government Follow Rules, Regulations & laws Pay taxes & duties on time Fair dealing Solve social problems 5. Towards community Employment generation Helps weaker section of society Improvement in the local areas, water, electricity etc.) Uplift social, cultural & moral values 6. Towards suppliers Regular payment Fair dealings with them Guide them for improving quality Business and environment Protection Types of environment pollution 1. Air pollution - "injection of harmful substances in atmosphere which reduces the Quality of air". Smoke & Chemicals emitted by factories & vehicles are the main Reasons of air pollution. CLASS 11 BUSINESS SAARE NOTES EK SAATH DOWNLOAD OUR MOBILE APPLICATION NOW www.thegauravjain.com  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS 2. Water pollution - Mainly caused by dumping of chemicals & other waste into takes & rivers. (generally emitted by factories located nearby) 3. Land pollution - Dumping of toxic wastes on land which makes It unfit for agriculture or plantation cause land pollution Restoration of such land is also a big problem 4. Noise pollution - caused by the noise from the running of factories & vehicles. Can cause many health problems such as hearing loss, mental disorder etc. Need of pollution control Pollution prevention is a must task as pollution has a plenty of hazardeous consiquences on our body and environment some of the main reasons are as follows 1. Reduction in health hazards (many health diseases are directly linked with pollution, such as cancer, asthma, etc)" TIME SEIES GRAPH (STATISTICS) CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS 2. To maintain natural Beauty 3. Ensure safety (Air pollution is the basic reasons for many accidents) 4. To prevent economic losses (such as fertility of land, life etc. ) 5. Better public image Role of Business in Environment protection 1. Participating in eco friendly activities (such as plantation, cleaning of rivers etc) 2. Adopting eco-friendly methods of production 3.Recycling & industrial waste 4. Spreading awareness 5. Assessment of pollution control programmers 6. Compiling with laws related to pollution Business ethics (Dhande ki usood) "Ethics refers to norms ideals or morals" it is concerned with what's you right & what’s wrong in human behaviour Judged on the basis of a standard form of conduct of individuals. Business ethics refers to the socially determined moral principles which should govern Business activities CLASS 11 BUSINESS  NOTES SOCIAL RESPONSIBILITIES OF AND BUSINESS ETHICS Ex Charging fair prices , Giving true information, Giving fair treatment to workers etc. Ethics are vitally important for every Business and for the progress of any society. Elements of Business ethics 1.Top management commitment (they should give contineous leadership for developing upholding values) 2.Publication of a "code" : (set of Rules and set of ethics for all) 3.Establishment of compliance mechanism (to ensure that actual decisions and actions comply with Business ethical standards suitable mechanism should be setup) 4.Involving employees at all levels (while making ethical programme ) 5.Measuring Results (Although it is very difficult to measure ethical results, but it must certainly audited & verified with top level management) RECTIFICATION OF ERRORS (ACCOUNTS) CLASS 11 BUSINESS  NE SHOT THE GAURAV JAIN BEGINNER ADVANCED SOCIAL RESPONSIBILITY CLASS 11 WHATSAPP CHANNEL FOR NOTES AND IMPORTANT QUESTIONS 7690041256 YE LE BAALAK... MAUJ KAR THE GAURAV JAIN 7690041256