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11 Cards in this Set
- Front
- Back
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The activities of an entrepreneur towards the welfare of the society earn goodwill and reputation for the business. |
Public image |
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Employees are the part of the society. If you satisfy your needs, then you are doing social work. |
Employee satisfaction |
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It is the belief that what entrepreneur does has a strong influence on employees. If manager cheats, Lies, steals or manipulates, then they are sending wrong signals to employees. |
Ehtical leadership |
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Institutions can do many things to protect and preserve the natural environment which includes plastic less business by giving paper bag, creating eco-friendly product, by eliminating production. |
Environment management |
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Consumers have become very conscious about their rights. If you are giving high quality products at cheap rate, that is kind of social responsibility. |
Consumer awareness |
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Fair wages and salaries Skill development programs (training and seminar) Good and safe working environment, Adequate Basic Facilities (electricity, canteen, hygienic toilets, etc.) |
Responsibilities Towards Employees |
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Charge reasonable price for products or services. Supply of right quality of goods in right quantity. No use of manipulated or false advertisements. |
Responsibility Towards Customers |
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A fair return on investment. Safety of invested capital. Regular and complete information about the performance and progress. |
Responsibility Towards Shareholders |
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Maintain healthy and co-operative inter-business relationship. Provide accurate and relevant information to creditors. Prompt payment of interest on borrowed funds. |
Responsibility Towards Suppliers, Creditors |
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Creation of job opportunities. Improvement in living standards. To make best use of society's resources for their welfare. |
Responsibility Towards Public |
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Payment of corporate tax in correct amount with no manipulation. To encourage fair trade practices. To avoid monopoly practices and to improve national income. |
Responsibility towards Government |
