Strategy and Social Responsibility of business

Question

Explain about Strategy and Social Responsibility of business.

Answer 1

Strategy and Social Responsibility of business:

1. The scheme that businesses have a compulsion to foster social betterment took root in the 19th century when progressive companies, in the result of the industrial revolution, began to give workers with housing and other amenities.

2. Today, business social responsibility is an idea that resonates in Western Europe, Canada, the United States, and such developing nations as India and Brazil.