Any corporate firm is ought to set aside a proportion of their profits earned for the betterment of society. This is usually carried out by the firm by conducting activities which benefit society in different ways. These activities uplift society as a whole which in return gives a better working space for the employer or the corporate. The more socially responsible the firm is the more support from society is invested in them. Social responsibility is not considered an option for the corporate, but a necessity to have career growth.
The social responsibility of a corporate firm is inevitable in the current scenario. The corporates are responsible towards society as they are also a part of society. If the standard of living of society is improved the firm will have better working conditions. There will be more employees attracted to a firm that is society. The corporate will have an impact on a supreme firm in society. Being socially responsible means the firm has a superior image in society as it works for the benefit of society and is not just a money-making institution.
A socially responsible firm invites very few legal interventions from outsiders. Their accounts will show a priority for socially responsible activities and the government or the regulatory authority will be pleased to find a corporate firm working towards the welfare of society. The government will give aid to the corporate firm to carry out these activities regularly. The firm not only has societal supremacy but will have financial aid from the government and regulatory bodies.
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