Ch 9 soc. resp.
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Business has moral obligations to society beyond legal requirements. Factors like management, stakeholders, laws, and resources influence a business's social orientation. Groups impacted by a business can make claims on its social responsibility. Social audits assess a business's social impact similarly to financial audits, using methods like process audits, indicator audits, and ratings.
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- 1. Chapter 9 SOCIAL RESPONSIBILITY OF BUSINESS BUSINESS ENVIRONMENT
- 2. Social responsibility of business refers to what the business does, over and above the statutory requirement, for the benefit of the society. The word responsibility connotes that the business has some moral obligations to the society.
- 4. Social Orientations and Involvement of Business
- 5. Factors Affecting Social Orientation Promoters and Top Management Board of Directors Stakeholders and Internal Power Relationship Societal Factors Industry and Trade Associations Government and Laws Political Influences Competitors Resources Ethical Influences
- 6. Claimants of Social Responsibility of Business
- 7. Social Audit According to Ahmed Belkaoui, social audit much like the financial audit is an identification and examination of the activities of the firm in order to assess, evaluate, measure and report their impact on the immediate social environment.
- 8. Methods of Social Audit Social Process Audit Financial Statement Format Audit Macro-Micro Social Indicator Audit Constituency Group Audit Partial Social Audit Comprehensive Audit Corporate Rating Approach