In this chapter, students will delve into the concept of social responsibility in business and the ethical considerations that guide business decisions. The chapter explores the obligations of businesses towards society, including stakeholders such as employees, customers, the environment, and the community at large. It discusses the various dimensions of social responsibility, such as economic, legal, ethical, and philanthropic responsibilities. Additionally, the chapter addresses the importance of business ethics in ensuring fair and responsible conduct in all business activities. Students will learn about the significance of ethical behavior in building trust with stakeholders, maintaining long-term sustainability, and contributing positively to society.
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Notes Class XI Business Studies Chapter 6 Social Responsibilities of Business and Business Ethics
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In this chapter, students will delve into the concept of social responsibility in business and the ethical considerations that guide business decisions.
Categories: Business Studies, Class 11, Notes
Tags: Accountability, Business Ethics, Business values, Community engagement, Corporate governance, Corporate social responsibility (CSR), Economic responsibility, Environmental responsibility, Ethical decision making, Ethical responsibility, Fair trade, Legal responsibility, Philanthropic responsibility, Social Responsibility, Stakeholder management, Stakeholders, Sustainability, Trust
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