Running head: RELATIONSHIP BETWEEN BUSINESS AND SOCIETYRelationship between Business and SocietyNameInstitutional Affiliation1RELATIONSHIP BETWEEN BUSINESS ANDSOCIETY2Relationship between Business and SocietySocial ResponsibilitySocial responsibility is the notion that business are held responsible for balancing theirprimary functions of profit making with activities beneficial to the society. Social responsibilityinvolves the development of business that create a positive relation with the society that theyoperate in. according to the International Organization of Standardization (ISO), the relationshipbetween business and society is fundamental to the effective operation of a business (Saeidi,Sofian, Saeidi, Saeidi, & Saaeidi, 2015). Social responsibility has also become an increasinglyuseful mechanism of measuring the overall performance of businesses. Social responsibility isthe balanced approach that business take to tackle social, economic and environmental issues inways that benefit the society.Social responsibility translates to the duty that businesses have to conduct themselves inthe best interest of the society and environment (Saeidi, Sofian, Saeidi, Saeidi, & Saaeidi, 2015).Social responsibility applies to businesses in the form of corporate social responsibility. Manycompanies have adopted initiatives like green policies that have made them appealing tosociety and an integral component of their business models. Additionally, in ...
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