Concepts and explanation
Social responsibility considers effects on owners, workers, consumers, government, community and environment. Ethical conduct values honesty, fairness, transparency and respect. Responsibilities include safe products, fair employment, truthful disclosure, tax compliance, pollution control and responsible sourcing. Legal compliance is a baseline. Verify environmental claims to avoid greenwashing.
Business example
After discovering a product safety defect, a firm that promptly informs customers, recalls the item and offers remedy protects consumers and long-term trust.
Case-based practice
- A factory can legally discharge treated waste but can further reduce harm by investing in reuse. Identify stakeholders and distinguish legal compliance from a broader ethical choice.
- Write a short answer that names the relevant concept and applies it to the facts.
Quick revision
Revision cue: Define the term, distinguish it from a related concept and support the answer with a relevant example.