The trend contemporary to the business organizations of our time is that the organization owe certain responsibilities to the area, more specifically the indigenes or inhabitants of the environment in which the business operates and the manpower working for – or employed by the business organization. Among such responsibilities of the business is social responsibility.
Modern business ethics stipulates that every organization show sensitivity or concern to issues relating to it’s responsibility- and should not in any way attempt to evade it or ignore it.
An organizations responsiveness to it’s social responsibilities measure it’s reputation and standard in the society and also improves the attainment of both efficiency and prosperity by it’s effects.
In essences, there is an irrefutable need for consideration of an organizations reaction to demand posed by societal elements on it.
This needs is manifest in the fact that such organizational reaction or behavior reflects the humanitarian or philanthropic disposition of the business organization towards the people living in the environment where it is operating.
Consequently, this research work conducts an introspective and analytical surveillance on the effects of social responsibility on business organizations. These projects also have an array of suggestions on how to encourage and improve the organizational behavior in such a manner to sensitize them on the need to discharge their social responsibilities.
The introducing chapter which includes the statement of the problem and the significance of it’s study indicates that even the research questions and hypothesis are all tailored to suit the purpose that necessitate this research-and as such will guide to easy comprehension of the study.
Responsibility means accountability, therefore social responsibility means, or may be defined as an obligation to fulfill certain positive duties in one’s environment or society.
Social responsibility of a business therefore suggests the obligation a firm must undertake to discharge on its area of operation or to individuals working for such firm or organization
From the above expostulations, it is dent that the social responsibility of a firm consists of both internal and external commitments.
The essence of scrutinizing the degree to which a firm fulfils it’s obligation to the society and it’s employees is a direct measure of the integrity of that firm, as well as the determination of it’s place in this area of modern business conventionalities.
Also very important to note is the fact that a business in discharging it’s social responsibilities satisfactorily simultaneously attracts to itself both prestige and progress as the people are more wont to patronize its product and acclaim it’s modesty.
Moreover, just like shake spare wrote “The abuse of greatness is when it disjoint remorse from power”….it will be a gross ant humanity for a firm to enjoy all it benefit alone, without remembering the goose that lays the golden eggs. Common sense therefore demands that production other manufacturing firms should for some of their activities that releases adverse social effects Viz: Environmental pollution, decay, health hazards, and displacement of human settlement etc. discharge certain compensative duties.
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