How is social responsibility alike or different from integrity? Subject Small Business Management.

How is social responsibility alike or different from integrity?

Subject Small Business Management.

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Expert Solution

Social responsibility is the same as integrity as social responsibility is a term used to describe company's effort to improve society in some way. These efforts can range from donating money to nonprofits for implementing environmentally friendly policies in the workplace, While integrity of a firm reflects the state or condition in which the objectives of the managers and the shareholders of a corporation are undivided and complete so they can work in an integral and transparent way in fulfillment of objective.

Social responsibility is the responsibility associated with businesses enterprizes to give back to the society. A business operates in the society and it is liable to fulfill different expectation of society as it uses the different kinds of resources from society.

An organisation which have high corporate integrity will fulfill it's social responsibility as it understands that it needs to give back to the society and such organisations are highly favoured by society and government. They have low litigation concerns as they always fulfill society duty.

It is the need of the modern and contemporary world that business should have a high integrity and they should fulfill their social responsibility, if they want to survive in the long run.

jeff jeffy answered 1 year ago

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