Nowadays the competition in the business field is increasing day by day. In this era, every business has more responsibilities as compared to the past. The recent trend in every business is being social, In other words, it’s compulsory for every business to be social or do something for the environment to make a good reputation in the market.

A few common responsibilities that a business should have are a positive impact on the society where they doing business, good relations with the stakeholders, consumers, employees, and investors.

A responsible business is one that has a positive impact on society and the environment in which it operates. The vision of a responsible business differs and evolves throughout time and across countries. There has been a marked shift from when CSR (Corporate Social Responsibility) activities were not even related to the company’s core business and were largely philanthropic or reactive. As stated by Daniel Runde, there has been a shift in the perception of CSR.

References:

https://impactgarden.org/responsible-business/

https://www.csis.org/analysis/evolution-corporate-social-responsibility