N5 Entrepreneurship Benefits to the business
A contribution to the community might create an environment, which is more conducive to good business. This means more jobs and a better standard of living and by implication more customers and better profits.
The following steps can be taken: • Assisting in conflict resolution and problem-solving activities • Providing facilities and equipment for developmental purposes • Making the business’s equipment available for a specific purposes, such as education.
Conclusion
The small businessperson will find it difficult to match bigger companies with the size of their social responsibility programmes. However, they can still take a few important steps which need not be too costly and, in so doing, become more socially responsible.
Ten commandments of business social responsibility 1. Thou shalt take corrective action before it is required. 2. Thou shalt work with affected people to resolve mutual problems. 3. Thou shalt work with affected industry standards and self-regulation. 4. Thou shalt publicly admit thy mistakes. 5. Thou shalt get involved in appropriate social programmes. 6. Thou shalt help correct environmental problems. 7. Thou shalt monitor the changing social environment. 8. Thou shalt establish and enforce a business code of conduct. 9. Thou shalt take needed public stands on social issues. 10. Thou shalt strive to make profits on an ongoing basis.
Activity 9
Compile a social responsibility programme for your business or a business you are familiar with. Make sure that your business example can afford the programme that you are designing. Creative but less costly methods can be as valuable. Include the social responsibility programme in your portfolio.
Revision questions Exercises A 1. Define social responsibility in your own words. 2. Name the three different views on social responsibility. (One person in your group will have to explain one of these views to the class and also give your own view on this.)
3. Why are people not equal? 4. Towards whom does a business has a social responsibility? 5. Why is a social responsibility programme necessary? (group discussion) 6. Why should a business bother to have a social responsibility programme?
Revision Questions A 1. Which three questions should you ask if you wanted to know whether a decision is ethical or not?
2. A business has a social responsibility towards four groups. Name the four groups. 3. Give two examples of real-life people that are socially responsible.
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