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Identify and discuss the social responsibilities of a firm, to the stakeholder groups. How can a...

Identify and discuss the social responsibilities of a firm, to the stakeholder groups. How can a business ensure it’s socially responsible conduct?
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A firm must also consider the welfare of it's stakeholders by providing them a decent living. It must make sure that it's workers are given reasonable salaries and employees are provided with all the benefits . It must also make sure that the work environment in the firm is healthy . It must produce the products in a healthy manner and must not use any dangerous material so that the consumers will not get negatively effected by the product. The firm must plant number of trees to maintain the balance of nature and prevent pollution . All these are the social responsibilities of the firm to it's stakeholder groups. It can ensure it's conduct by regular checkups done in how the stakeholders are being treated and how well the benefits are being provided. It must give them chance to speak up so that they can express their concerns and give the firm an opportunity to rectify them.

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