what is social responsibility | social responsibility of business

Social responsibility

Social responsibility is A concept that businesses ought to balance profit-making activities with activities profit society. It involves developing markets with a positive relationship to a community we discuss below 7social responsibility of business Tips for a successful businessman

 

1.Self-interest

 

 At the end of the day, businessmen gain by acting social responsibilities . in gift day surroundings, the expectation of public from business has modified.business is that the creation of society and makes use of precious wants society and if a company fails to satisfy the previous wants of society, then organization will revoke back its resources. To survive and grow in the community for an end of the day the business should return to the expectations of the members of society .the approach society is giving to business what’s needs, within the same approach business should provide organization what it wishes.

 

2.Better Environment for Business

 

Social responsibility of business creates higher surroundings for business operations as social responsibility improves quality of life, results in raising the standard of living. Therefore the industry can heal community to conduct business. The labor is going to be of higher quality, the client is going to be more top quality, and therefore society is going to be higher, so more top opportunities for business are going to be out there.

 

 

3.Public image for the social responsibility of a company

 

 

A company will improve its image publicly by forwarding social responsibilities a, works, customers, and suppliers contribute to the success of a business. The folks develop religion and trust within the industry forward its socialite.

 

 

4.Avoidance of government interference

 

 

Government intervention is costly to people in business and restricts their flexibility and freedom or making decisions. For example, the Government has passed the consumer protection act to prevent contamination, black marketing, and other anti-social practices. Thus social responsibilities are essential for avoiding governmental action against a business.

 

 

5.Social power

 

 

Government intervention is expensive to people in the industry and restricts their flexibility and freedom or creating selections. As an example, the Government has passed the buyer protection act to forestall adulteration, black promoting, and different anti-social practices. Therefore social responsibilities are Essential for avoiding governmental action Aginst business.

 

 

6.Resources used for moral justification

 

Company has resources such as Money, Talents, expertise in technical areas, physical and financial resources. The businessmen can assist the government with these resources in solving problems.

7.Contribution to social issues

The business has created some social problem such as pollution creation of workplace, discrimination, etc. there is a moral argument that company has an obligation to help in solving social problems because it helped in creating those or in perpetuating those problems, businessmen must take the initiative to solve social problems because these are produced. As a result, in business operations.

 

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advantages of e-business models (Electronic Business)

advantages of e-business

Electronic Business Model

advantage of e-business models- ”Online Business” or ”e-business model” is any reasonably ”business” or business dealings features sharing info across the web. Commerce constitutes an exchange of merchandise and services between businesses, teams, people may be seen together of essential activities of any advantages of e-business.

you all know  ”e-business” is called ”electronic business” describes a process of buying, selling, transferring or exchanging products, services,  information via a computer network, including internet. e-business model refers to a broader definition of E-COMMERCE, not just buying selling of goods services, but also servicing customers, collaborating with ”business” partners, conducting e-learning”, conducting electronic within an organization.

”e-business” allows companies to link their internal external processes more efficiently effectively, work more closely with suppliers partners to better satisfy the needs expectations of their customers, leading to improvements in overall business performance.

while a website is one of the most common implementations, e-business is much more than just a web presence and there a vast array of internet technologies all designed to help business work smarter not harder.

advantages of e-business
advantages of e-business models

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17 advantages of e-business models

17 advantages of e-business –   The e-business provides advantages not only to the seller but also the consumer. The advantages of e-business for an organization are described below:-

1. Reduces costs of production by reducing overheads-foe example, not having a retail outlet in a busy high street location with high rents,        reducing stock costs etc.

2. Offers opportunity to increase sales.

3. Offers opportunity to access new markets across the globe.

4. Provides a chance to target market segments more effectively.

5. Provides more accurate information and improve customer service experience.

6. Improves the efficiency and productivity of the supply chain.

7. Improves employee motivation through more flexible working methods.

8. Allows 24 * 7 access to the firm’s products and services.

9. Provides convenience and comfort for customers.

10. Improves speed of response.

11. Results in cost savings.

12. Improves communications, information, and knowledge sharing.

13. Reduces inventory.

For a consumer, it offers advantages such as-

14. Improved speed of response.

15. Cost savings.

16. Improved Efficiency and productivity.

17. Improved customer service.

so, guys, this my advantages of e-business models review I hope you find our article helpful for you please do share a comment and better suggestion your thought about this blog advantages of e-business models thank you.