Social Impact

 

In recent times, social responsibility has emerged as an accepted business management practice, marrying societal good with financial results. Also known as CSR, this concept proposes that businesses must keep the society’s interests and welfare in mind rather than selfishly pursuing profits.

 

As part of their involvement with society, it is important for businesses to create a positive impact and contribute to development. This includes implementation of health and safety norms in manufacturing units, providing employment opportunities, compliance with labour laws and non-depletion of local resources amongst others.

 

 

 

 

 

 

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