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Essay / Essay on Responsible Business - 894
INTRODUCTION1. This report seeks to prepare an explanation of what is meant by responsible business. It will focus on a responsible business topic and its nature and importance will also be discussed. The first responsibility of a business is how to make and increase profits. This is essential for a healthy business. This report will therefore show and explain what a responsible business really is these days and how it operates in certain circumstances. This is followed by an explanation and assessment of the role of government in influencing responsible business behavior. Then, it continues with an examination and evaluation of the influences of ethical companies moving closer to responsible companies.2. Responsible businesses are still legally structured as for-profit businesses. Most of the time, they do not directly address social needs through their products or services or through the number of disadvantaged people they employ, while they indirectly create positive social change through the practice of corporate social responsibility . For example, they create a philanthropic foundation, they pay fair wages to their employees, they use environmentally friendly raw materials, etc. A responsible business can be a large company or a small family business that employs people and workers. Its main goal is to always be profitable with as much increase as possible. So she must be RESPONSIBLE to them, to their employees and to everyone around them. Businesses that help people always lead to a backlash that helps the business. For example, people will choose to shop there or invest in this business. In 2000, the World Business Council for Sustainable Development...... middle of paper ...... can be an arbiter of business responsibility to society through the application of tax incentives or tax credits. In good corporate governance, management must be able to fulfill its social responsibilities, in particular by ensuring that its products are not dangerous for people and the environment, by sharing its profits for the good of the community as a natural person or human being would do. make, donate to social causes, organize activities for the benefit of the community. Other good corporate governance practices that overlap with social responsibility include complying with applicable laws, establishing good working conditions for employees, providing good products to the community, helping the economy through fair trade. practices, pay taxes and other obligations owed to the government, make commitments to other persons, natural and legal.