Skip to content

What Is Social Responsibility?

What Is Social Responsibility?

Home » social responsibility » What Is Social Responsibility?

Everything you need to know about social responsibility

social responsbility

What would you do in a world where no one takes responsibility for the social circumstances? As a business or even as an individual, people need to take responsibility for achieving sustainability. Social responsibility is what leads to achieving this sustainability.

There are certain key principles of social responsibility that would lead to the success of your organization. It will do well to remember that without social responsibility, an organization cannot reach its goal completely.

Organizations need to focus on social development that can include society welfare, health, etc. There are also certain norms that organizations will have to align to in social responsibility.

What Is Social Responsibility?

Social responsibility focuses on three key areas that are “people, planet and profit”. With this, you need to understand that you should exploit the people or planet while achieving profit for your company.

Organizations can increase their profit even when they are taking care of the people and planet. As stated by ISO 26000, social responsibility has seven key principles.

  • Accountability
  • Transparency
  • Ethical Behaviour
  • Respect for stakeholder interests
  • Respect for the rule of law
  • Respect for international norms of behaviour
  • Respect for human rights

Advantages of Social Responsibility

Organizations will need to teach their employees to invest in social causes. When employees come together to engage in social causes, the company is seeing a positive impact. This will also enhance your work culture and boost the morale of the employees.

Social causes are a great way to increase the growth of your company. This investment is done for the long-term to do well for the people while focusing on your profit. Social responsibility is also a great way to build up a society of your dreams.

Businesses need to realize that their profits come from society itself. If they do not build up the society, then their business cannot progress for long. That is why businesses need to be held accountable for anything wrong that happens to society.

Building proper infrastructure is also a great way of showing social responsibility. When people get jobs in your business, they will be able to feed themselves. Businesses should try to build up resources that common people can use for their benefit.

When this happens, the growth is not of the business alone but the society as well. Through this parallel growth, companies can get more profit and sustain their business for a long time.

Different Types of Social Responsibility

Social responsibility can be of different types. As a business, you need to understand the responsibility that you wish to indulge into is.

Economic Responsibility

Economic activities are a part of every organization and should be the primary social responsibility. Economic responsibility is when you sell services and products that the society will benefit from.

If you do not consider the needs of society, then you cannot gain profit. You will not sell your services and products if the consumers do not need them. The only way to uplift society is by supplying services and products that will serve some purpose top their lives.

Legal Responsibility

Every business has to comply with the legal and political environment of their country. The business is legally bound to take care of the environment. Without considering the effect their business is making on the environment, they could land in serious trouble.

As a business, you are bound by law to carry out your business without harming the environment.

Ethical Responsibility

Ethical responsibility is more of a personal choice for the business. In this aspect, the company is not bound by law. However, keeping the ethical aspect in mind, you need to ensure that you do something good for society.

Ethical responsibility can be the conduct or behaviour you have with your customers. Even though you are not legally bound, you need to take care of this area.

Discretionary Responsibility

Discretionary responsibilities are certain voluntary actions which the company will take for helping people in need. This can be during natural disasters, helping the poor people and such.

The business will provide an educational loan, charities, etc., to help the people in need. There are certain charitable funds that the business could invest into for helping in such causes.

Endnote

Every business has four pillars which are the stakeholders, employees, consumers and the government or community. You need to fulfil your social responsibility towards these four pillars to ensure your business’s smooth functioning.

Whether it is through monetary benefits or any other, ensuring the welfare of these pillars is essential. Without investing time and money in social responsibility, a company cannot run for long.

That is why big business takes social responsibility very seriously. Moreover, it is not the management’s responsibility alone but of all the people who are associated with the business.

If the business is made accountable for what happens in society, it will work harder to make it better.

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals to help get results, achieve your wildest dreams, and smash your goals. He does this by leveraging over 30 years of experience working in the corporate world, and in small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there he was awarded the prestigious Golden Apple Award.

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Check out Darren’s D.I.Y online program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

Accountability is the superpower you must learn to harness:

Hope will not fix your situation, as doing nothing makes things worse. We need to take action now or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals to help get results, achieve your wildest dreams, and smash your goals. He does this by leveraging over 30 years of experience working in the corporate world, and in small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there he was awarded the prestigious Golden Apple Award.

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Check out Darren’s D.I.Y online program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

Accountability is the superpower you must learn to harness:

Hope will not fix your situation, as doing nothing makes things worse. We need to take action now or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

Categories

Subscribe Today

For my 7-Day Road
to Accountability Series

7-steps in 7-days
to HIT your goals