Topic 13: Understanding social responsibility

Question 1

The meaning of social reasponsibility?

Answer 1

Businesses have the responsibility to balance their operations between economic development, the well-being of the community and looking after the environment.

Question 2

Profit link between social responsibility and the TBL?

Answer 2

• Businesses should not only focus on their profits, but also investin CSI projects.
• Businesses should not make profit at the expense of their community.

Question 3

People link between social responsibility and the TBL?

Answer 3

• Businesses or organizations must not harm or
  exploit people
• Businesses must contribute to the well-being of
  all their stakeholders.
• Businesses should engage and invest in sustainable community programmes

Question 4

Planet link between social responsibility and the TBL?

Answer 4

• Businesses should not exhaust resources or harm the environment for profit gain
• They should support energy-efficient or eco-friendly products and production methods.
• They must take part in recycling or re-use of waste

Question 5

Ways in which a business project can contribute
towards the community?

Answer 5

• Ensure that the product they supply does not harm
  consumers or the environment.
• Refrain from engaging in illegal or harmful practices.
• Practice ethical correct business practices.

Question 6

Strategies for dealing with HIV/AIDS?

Answer 6

• Develop counseling programs
• Conduct workshops on HIV/AIDS
• Participate in prevention programs

Question 7

Strategies to deal with unemployment?

Answer 7

• Create job opportunities for the community
  members.
• Provide skills training through apprenticeship
  programmes
• Offer scholarships

Question 8

Strategies to deal with poverty?

Answer 8

• Invest in young startups
• Donate money and/or food
• Invest in infrastructure and housing programs

Question 9

Ways in which businesses can contribute in improving the well-being of their employees?

Answer 9

• Pay fair salaries to the workers based on the nature of their work
• Pay fair bonuses based on business earnings in recognition of hard work and dedication.
• Provide recreational facilities for employees and encourage them to stay fit and healthy