Social responsibility is a theory, particularly, an ethical theory or we can say moral obligation, in which a person is responsible for fulfilling a civic duty in order to benefit the society. Talking about social responsibility, it is not only applicable in societal norms but also in the business world. Contribution and Social responsibility in the business world is known as Corporate Social Responsibility (CSR). Vinod Adani who is a very renowned motivational speaker, generally known as Vinod Adani motivational speaker, has mentioned the importance of contribution and social responsibility various times, not only in the society but also in the corporate world. If you are someone who is confused in this arena let us clear the air for you!
3Ps of Sustainability
There is a general concept which everyone follows which is 3Ps. This refers to people, planet and profit. This concept is a norm in which companies prepare and thrive to flourish these bottom line measurements. 3Ps are basically the achievable measures in which a company works towards. Enhancement of individual skills, sustainability in the planet, and the last one is companies profit- these are the triple bottom line measurements to a company. In many of his motivational speeches, Vinod Adani motivational speaker has provided the example of 3Ps and explained the importance it places in a company, because it is an approach which provides a holistic development. Now let us move further and mention the contribution and social responsibility that a company should partake in. As mentioned, there are various lessons that are given by Vinod Adani motivational speaker and it is one of them, to get inspired by him.
Vinod Adani on Contribution and Social Responsibility
As mentioned above, Corporate Social Responsibility is something which is very important for business and should positively impact our society. For a company, it signifies that it should recognise and appreciate the objectives of the society and work towards the welfare, support them to achieve those goals, parallely working for their own profit as well. Vinod Adani has mentioned that along with fulfilling the societal norms, a business should take care of its people and make sure that there is a constant balance between their profit and environmental aspects as this is going to ultimately impact the economical and environmental perspective of the country.
Importance of Social Responsibility
A company can enhance its work culture when they interact with their employees regarding some social causes. There are many factors in which it can positively impact the business while also fulfilling the social responsibilities.
- It is important for growth and existence.
- Not only environmentally, but also impacts the long term goal of a business.
- While fulfilling the social responsibilities, it becomes easy to convert your problems into positive opportunities.
- Due to this we can create a positive or better environment for businesses.
- In case we are taking good care of resources then it will be good for a future generation.
Now, as per Vinod Adani motivational speaker, there are some social responsibilities that all the businesses should be taking care of in order to sustain the resources.
Environmental responsibility
It includes a commitment towards sustainability and eco-friendly operations of the business. These days, businesses are adopting sustainable practices, whether it is manufacturing industry, textile or food industries, there is a constant need of making everything environmentally friendly. One thing to mention here is that Vinod Adani motivational speaker congratulated the young generation of our country as they are the ones who are majorly contributing towards sustainability because they understand the importance of it.
Environmental corporate responsibilities include the reduction of carbon footprint or greenhouse gas emissions, choosing sustainable resources, keeping the environment in perspective while doing every operation. A company should motivate its employees to participate in such events and honor the environment.
As per Vinod Adani, there are 3 things on which a company should focus on.
- Decrease of harmful practices.
- Energy consumption should be limited.
- Production should not impact the environment negatively.
Ethical responsibility
Now, moving towards the second responsibility, which is Ethical. It is majorly concerned with making sure that the company is operating in a fair and proper manner. There should be authentication in the business such as equity treatment of all the stakeholders, good read prices and equal wages.
Further, this concept also includes taking care of racial, cast and gender discrimination, child labour and minimum wage. According to Vinod Adani, responsibilities are really important in order to grow a business.
Philanthropic responsibility
Generally refers to companies’ goals, there are objectives to perform better in the society as a whole. We can say that it includes contributing towards the welfare of the society. For example, contributing a part of the profit to the local community or to a trust or foundation.
These kinds of actions or we can say philanthropic efforts make a brand value in the corporate world and that business will be considered as a business leader.
Economic responsibility
Economic responsibility is something which includes making the financial decisions according to the good deeds. It includes investing in energy resources, putting some money in some education programs, funding local charities etc. We can say that the end-goal should not be just to maximize the company’s profit but also to take care of the business operations to impact the environment, people and society equally.
To sum up!
The upper mentioned are some of the responsibilities that a business should fulfill in order to partake their responsibility towards society and our planet. Vinod Adani, who is a very good motivational speaker and encourages the young generation of our country very much. He always signifies the importance of the environment and our duties towards it. Remember, as a company, one must follow all the protocols to make sure that they are not negatively impacting the environment and taking significant steps to fulfill their social responsibility.
What are your thoughts on the social responsibility of a business?
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