Unit III Corporate Social Responsibility- meaning, nature and relevance; Ethics and social responsibility; Profit Maximization; Forms of social responsibility-...

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Operations Management

Unit III
Corporate Social Responsibility- meaning, nature and relevance;Ethics and social
responsibility; Profit Maximization; Forms of socialresponsibility- social obligation, social
reaction, social responsiveness; Importance of Values inManagement;
NOTES FOR CORPORATE GOVERNANCE

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Corporate governance as the name suggests it deals with factors that affect the interests of a company which includes its management customers suppliers government bodies etc It is the combination of rules and other laws by which the operations are controlled or regulated Corporate Social Responsibility As we all know that social responsibility is the main part of everybodys day to day life We all shall have a clear idea how our actions may create an impact in the society same thing happens in case of a company By designing and implementing the corporate social responsibility structure a company can be aware of how its actions may affect the society and also its economic background By adopting this culture a company can have a strong relationship and bonding with their stakeholders See Answer

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