According
to Bowen
in D.N divvied, (2008) ,social responsibility “refers to the obligation of
business men to pursue those polices, to make those decisions
or to follow those lines
of action which are desirable in terms of the objectives and value of our society” Davies and Blonstrom, (1975) defined social responsibility as the obligation
of the decision maker to take action which protect and improve the
welfare of society as a whole along
with their own
interest.
Dwivedi,
(2008) held’s that social
responsibility are for
different section of the society
which businessmen have to justify in
their differentiated ways. When he said “therefore, social responsibility
of businessmen have to be different for different section of the society. The sections of the society here are:
- Shareholders
- Employees
- Consumer
- Government and
- The society as a whole
In the words of Ama and Okafor, (2002). Social l responsibility they
say “it is a blend of long run profit – making and altruism a
search for monetary reward tempered by a social conscience and a sincere consideration for the environment in which the
search is conducted” they finally
concluded that it build up
unadulterated co-existence between companies and host communities.
Social responsibility of private company sings
the chorus of what the company should do for the society as a whole without
instructing them to do so. That
means that the business own the society the obligation of assisting in the
promoting, and improving normalcy in the society and the societal welfare. It refers
to those , extra services agreed
by the decision maker of
a company to be rendered for that
segment of communities which they
operates for the societal welfare
and of company.