Social responsibility - created from Mind Map

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Defn: a business' obligation to take those decisions and perform those actions which are desirable in terms of objectives and values of society

FIRM HAS RESPONSIBILITY TOWARDS:

NEED

caters to firms' interests

Cater to interests of society

Goodwill of the firm

Justify firm's existence and growth

Converting problems to opportunities

Take over some issues in society

Education, environment etc.

shareholders

Workers

Consumers

Government