What are the major areas of social responsibility with which businesses should be concerned?
Social responsibility is defined as the responsibility of a business towards society beyond its basic economic responsibility of efficiency and profitability. A socially responsible organization focuses on the overall welfare and well-being of society rather than focusing on a narrow segment of society like shareholders or employees. Social responsibility is a continuous obligation, which means that an organization has to ensure at all times that its decisions and actions meet the need & interests of society. Fulfillment of social responsibility helps the organization to grow and gain credibility in the market.
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