What Is Legal Social Responsibility?

What is our social responsibility?

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole.

The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole..

What are some examples of social responsibility?

Some of the most common examples of CSR include:Reducing carbon footprints.Improving labor policies.Participating in fairtrade.Charitable giving.Volunteering in the community.Corporate policies that benefit the environment.Socially and environmentally conscious investments.

What are examples of responsibility?

The definition of a responsibility is an obligation or duty. An example of responsibility is having to take out the trash every night. A thing or person that one is responsible for. Something for which one is responsible; a duty, obligation, or burden.

Legal obligations include duty of care and adhering to the laws and regulations that govern your area of practice. … Ethical obligations include ensuring you understand and apply the ethical codes and practice standards that apply to community services work.

What are parents responsibilities by law?

A parent must serve a child’s emotional and physical needs and protect the child from abuse from the other parent or another household member. Additionally, parents must meet their children’s basic needs for food, clothing, housing, medical care, and education.

What are the 4 types of social responsibility?

The four types of Corporate Social Responsibility are philanthropy, environment conservation, diversity and labor practices, and volunteerism.

Answer: Social responsibility is broader than legal responsibility. … It is a much broader concept than legal responsibility, as legal responsibility can be fulfilled by merely complying with the law, whereas social responsibility deals with the overall welfare of society.

How social responsibility is broader than legal responsibility?

It is a much broader concept than legal responsibility, as legal responsibility can be fulfilled by merely complying with the law, whereas social responsibility deals with the overall welfare of society.

Legal responsibility is the right to have and to make decisions concerning the day-to-day care welfare and development of a child. … they agree that one parent should have greater or sole responsibility, or. a court makes an order that changes their responsibility in a particular matter.

What are the main benefits of social responsibility?

The potential benefits of CSR to companies include:better brand recognition.positive business reputation.increased sales and customer loyalty.operational costs savings.better financial performance.greater ability to attract talent and retain staff.organisational growth.easier access to capital.

What are the disadvantages of social responsibility?

Disadvantages of CSRCosts. The factor of costs impacts an organization in two ways when it embeds the system of CSR into its operations. … Clashing of business objectives. … Interests of the shareholders. … Competitive Disadvantage. … Impact upon the reputation of the Corporation.

What is CSR class 11?

Social responsibility is the obligation of businessmen towards the society. … According to Peter F Druker, “Social responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony.”

Legal responsibility means the rights and responsibilities to determine and control various matters affecting a child’s welfare and upbringing, other than routine daily care and control of the child. These matters include but are not limited to education, medical and dental care, religion and travel arrangements.

What is CSR in simple words?

Corporate social responsibility (CSR) is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. … CSR activities may include: Company policies that insist on working with partners who follow ethical business practices.

Which area of social responsibility is most important?

In my opinion, responsibility towards customers is the most important because it affects a firm’s ability to cater to all other corporate responsibilities.