BST Project

Social Responsibilities
Shourya Agrawal
23
Acknowldegement
I would like to express my deepest gratitude to all those who have contributed to the successful
completion of my school project. First and foremost, I am grateful to my dedicated teacher, Mr.
Lokesh Gaba, whose guidance and support were invaluable throughout this journey. His
insightful feedback and encouragement motivated me to strive for excellence.
I would also like to extend my appreciation to my parents for their unwavering support and
belief in my abilities. Their constant encouragement and sacrifices have been instrumental in
helping me pursue my academic goals. Furthermore, I would like to thank my friends and
classmates for their collaboration and assistance, as their input greatly enhanced the quality of
my project.
Lastly, I would like to acknowledge the school library for providing access to a wide range of
resources, which enriched my research and allowed me to explore diverse perspectives. The
assistance from the technical staff in setting up equipment and ensuring a smooth presentation
is also highly appreciated.
In conclusion, this project would not have been possible without the collective efforts and
contributions of these individuals and resources. I am truly grateful for their support and
encouragement, which have played a crucial role in my academic growth.
Shourya Agrawal
Social Resposibilties
Towards Different
Intrest Groups
Social Responsibilities
• We should first underestand that what does social
responsibilities mean and why we should every
business perform social resposibilities.
So lets take a look at the defination of social responsibilities.

Defination of Social
Responsibility
Social Responsibility means the
obligations of the businessmen
which are desirable in terms of
the objectives and values of our
society.
Why Social Responsibility?
No Business can survive
without the support of society.
Hence,each business
should perform social
Features of Social
Responsibility?
1.Existence and growth
As business is the creation of society, it is expected to satisfy human
needs by providing goods and services.
Although, profit is an important objective of any business activity, but it
should be looked upon as an outcome of service to the people.
A business with a good public image enjoys the support of society and it
can prosper and grow only when it continuously assumes social
responsibility.
As business is a part and parcel of the society, it must think of social
obligations
2. Long-term Interest of the Firm:
• It is in the long-term self-interest of the business to fulfill its social
responsibility towards various groups of society, like workers, consumers
shareholders, government officials, etc. A better social set improves its
public image and prospects of growth in the long run. The society may
also reject an enterprise if it does not care for the social welfare.
3. Avoidance of Government Regulation:

• If the businessmen fail to meet their social responsibilities voluntarily,
then the government may intervene and enact suitable legislations to
force them to assume social responsibility. However, businessmen
do not like government legislation as it restricts their freedom and
flexibility. Hence, it is in the interest of businessman to voluntarily
fulfill its obligations to the society.
4. Maintenance of Society:
• If the people related to a business feel that they are not getting ther
dues, then they may resort to anti-social activities. This may be harmful
for the business So, business enterprises must fulfill social
responsibilities.Ex:Bournvita
5. Availability of Resources with Business:

• Business enterprises have considerable financial and human
resources, which can be effectively used for solving social
problems.
• For example, managerial talent, technical expertise and capital

resources of the business can help the society to tackle its
problems better.
6.Converting Problems into Opportunities:
• It is a common saying that 'risk is the reward of profit bearing'. Business is
capable of converting risky situations into profitable deals. It not only helps
in solving social problems but can also be used effectively as an
opportunity for growth. For example, by setting up industries in backward
regions, the problem of regional disparity can be solved and a businessman
can benefit from various tax incentives offered by the government.
7.Better Enviroment For Doing Business

• When the society is confronted with diverse and complicated
problems, then there are little chances for the success of the
business. So, in order to have better environment for doing
business, the business should assume social responsibilities to
solve problems of the society.
8.Holding Business Responsible for Social
Problems
• Every business uses capital, physical and human resources of the society
for business purposes. Moreover, a number of social problems like
environmental pollution, unsafe workplaces, corruption, etc. arise due to
activities of business enterprise. So, it is the moral responsibility of business
to help society in solving such problems and devoting some of its resources
in the overall development of the society.
Now,we are ready to understand our main

topic so lets begin
Social Responsibility Towards Different Intrest Groups
The specific responsibilities of business towards various
groups are discussed as follows:
1.Responsibility Towards the Shareholders or
Owners
The responsibility of business enterprise to the
shareholders or owners may be summed up as
follows:
(i) To provide fair return on their capital investment.
(ii) To ensure safety of such investment.
(ii) To provide regular, accurate & complete
(iv) To provide information regarding schemes of future
growth.
(v) To offer reasonable appreciation of capital through
optimum use of resources
2. Responsibility Towards the Workers:
The management has following social responsibilities
towards the workers:
(i) To create and provide proper and safe working conditions.
(ii) To ensure fair wages and a fair deal from the
management.
(iii) To provide opportunities for personal growth and
development.
(iv) To provide opportunities to the workers for meaningful
work.
3. Responsibility Towards the Consumers:
Business enterprise should perform following
responsibilities towards the consumers:
(i) To supply right quality and quantity of goods and
services at reasonable prices.
(ii) To follow fair trade practices and take proper
precautions against malpractices like adulteration,
poor quality, misleading advertising, etc.
(iii) To provide full information about the product
and the company to the consumers.
(iv) To ensure regular supply of goods and services.
4.Responsibility Towards the
Government:
The social responsibilities of business towards
the government are:
(i) To abide by rules and regulations of the

country.
(ii) To pay taxes regularly and honestly.
(iii) To adopt fair trade policies and practices.
(iv) To assist the government in achieving their
economic and social objectives.
5.Responsibility Towards the Community
or Society
(i) To behave as a good citizen & act
according to the well accepted values of
the society.
(ii) To protect the natural environment and
avoid any type of pollution.
(iii) To develop a good image in the society
through continuous interaction with various
groups of people.
(iv) To take adequate safety measures in
(v) To follow social norms, conventions,
traditions and customs while framing business
policies and programmes.
(vi)To promote National Integration.(they gain
power and should promote unity)
(viii)To provide basic amenities like drinking
water (pyau) for both humans and domestic
animals like cow , dispensaries(a place where
paitents are treated),food,shelter,clothes to
poor people etc...
With this I would like to end my presentation by
conclusion
Conclusion
In conclusion,I would like to conclude by saying that
social responsibility is the necessity of every business. If
in future you will be a part of any business or run any
business make sure to perform your social
responsibilities in order to get immense success.
And at last but not the least “Social Responsibility is

the key of the success of any large business”
Bibliography
• B.S.T textbook for class 11 written by Sandeep Garg

• Used different books from school library
• www.quora.com
• www.welovebusiness.in
• www.wikipedia.com
• www.chatgpt.in
Thank You!

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Social Responsibilities

So lets take a look at the defination of social responsibilities.

3. Avoidance of Government Regulation:

5. Availability of Resources with Business:

• For example, managerial talent, technical expertise and capital

7.Better Enviroment For Doing Business

Now,we are ready to understand our main

(i) To abide by rules and regulations of the

And at last but not the least “Social Responsibility is

• B.S.T textbook for class 11 written by Sandeep Garg

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