May it be from your locality or within Philippines. Being an influencer in our communities means that it is our duty to make the commitment to embrace and embed social responsibility into our personal values and belief system. It is like an investment made by the business. Hence, every government has directly or indirectly started interfering in business, aiming at public welfare. Since entrepreneurs are creators, they hold the power to make statements that can cause a ripple affect, impacting the masses in a positive or negative way (depending on how it's being used). Marketing Management of Kodak Case Study For Practice. Publish what is right and. different taxes such as income tax, sales tax, excise, tariff duties, and wealth tax. Generally, it is about providing multiple access points, or ways of offering information, so that students with, Is the term corporate entrepreneurship an oxymoron? 1. Business depends on society for inputs like money, men, and skills and also for market where products have to be sold to the customers. Other things remaining the same the government prefers to impose a tax on a commodity which enjoys relatively less elastic demand. The entrepreneur should honestly pay these taxes. The development of business depends upon the development of the community; hence business has got to be very particular about discharging its obligations towards the government. 2. Explain your answer. The laws control the behavior of the individuals with each other and with the community. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. FYBMS 2019 Business Environment Question Bank FYBMS 2019, Business Environment Revised FYBMS Syllabus 2016, The Best Study Guide, Tips and Tricks For Business Environment (BE) Exam, Happy Parents Day 2014 HD Images Wallpapers Free Download, Happy Makar Sankranti, Lohri, Uttarayan, Pongal, Bhogi, Makaravilakku, Swami Vivekananda Jayanti, Vasant Panchami, Subhas Chandra Bose Jayanti, Republic Day 2015. We are here to provide and update you with every details required by you BMSites! The expenditure of a modern government is, source of income for the government is the, different type of taxes imposed by it. The social responsibility of the entrepreneur is that he may not correct the government officers and employees for getting wrong favors or some Anti-Social purposes.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'googlesir_com-box-4','ezslot_8',120,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-box-4-0'); Related:14 Social Responsibility of Entrepreneurs towards Customers. One the State/Central Government. The responsibility of the entrepreneurs is that they do not seek political patronage by providing undue economic help to any political party or persons, during elections. The government regulates and controls the business, with the objectives of the systematic economic development of the country and safeguarding the interests of the more common man. Therefore, social obligations of business enterprises towards the Government are also on the rise. Community 5. They can be used for collecting the required information and providing it to the government. If business pays the taxes honestly and on time the government can fulfill its responsibilities efficiently. entrepreneurs fulfill social responsibilities towards the customers or consumers. The. To Follow the Rules of International Trade They should contribute to increasing the number of professional institutes. It is essential that the. To pay taxes and dues honestly and regularly. Information should be exchanged for mutual development. Shareholders 2. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Identify what are their common traits as entrepreneur. should be granted on passing these examinations. Responsibility of Entrepreneurs towards other Business Institutions. For eg: before imposing a tax on commodity the government likes to know the elasticity of demand for that commodity. The business has contacts in different sections of the community. Enterprise in Developing or under developed Nation are not inclined towards Social responsibilities. They should participate in seminars, discussions, and conferences organized by professional institutes. 4. Research the life story of at least three (3) entrepreneurs in your locality; identify how they started their business. The entrepreneur has the responsibility to give needed technical assistance to produce new, and substitute products and innovate indigenous supplies. Support your answer with examples. By giving Anti Social activities with political patronage hits the democratic values. Inter-Business 10. They must not accept antisocial activities with a political party or person during election. Social Responsibility of Entrepreneur towards Suppliers, The role of the supplier to the entrepreneur is very important for any business. TYBMS Sem 6 Results 2019 Update from BMS khabri! We are responsible for activities like recycling, volunteering and mentoring, where time is a valuable resource that should be shared with those who need it most. As creators, we can use our social responsibility to rearrange, alter, rearrange, and rotate society and culture in ways that are limited only by imagination.Thats why I strongly believe that entrepreneurs have a duty to exercise social responsibility, every opportunity that we can get. Mumbai University Results Held In Reserve Meaning and Procedure. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. By doing so, we become socially responsible in everything that we do. The business offers services of its leaders to the government to work on different committees. The entrepreneur should follow the laws regarding obtaining licenses for a specified business, the operation of the business, price determination and production, etc. They should honestly pay. What was the angular velocity of the wheel at the beginning of the. The, the unemployed persons so that they can get, absorbed in some occupation or can setup self, employment units. The government sets the targets for the balanced and rapid economic development of the country. Social Responsibility of Entrepreneur towards Suppliers The role of the supplier to the entrepreneur is very important for any business. The expenditure of a modern government is heavy and is fast increasing. Sometimes these works are undertaken by the government departments but a more common method of undertaking that work is to invite tenders and give contracts to business. (1) Social Responsibility towards the Customers: It is truely said that "Customers are the life blood of every business." The major social responsibilities of entrepreneur towards customers includes the following. If you want to join us, please mail to, Series of questions that intends to reveal something about the personality, Series of questions with right and wrong answers that intends to check knowledge, Voting to make decisions or determine opinions, Submit your own item and vote up for the best submission, Upvote or downvote to decide the best list item, Upload your own images to make custom memes, BMS | Bachelor of Management Studies Unofficial Portal community, Responsibilities of business towards the government. 2022 BuzzFeed, Inc. All rights reserved. Its fiber has a natural luster with colors ranging from pure white to ivory and dark brown. Support your answer with examples. Consumers 4. This kind of freedom and attitude towards life is adored by many and pursued only by the brave. In your opinion, do you consider the three top-level managers of Hotel Prima as ideal managers? Entrepreneurship contributes towards boosting the morale of women, self-consciousness and leads to the accumulation of power. The bulk of the tax revenue is collected from business. Non payment of a tax is a political offence and also a social dishonesty. After 4.00 s it has rotated through an angle of 60.0 rad. Which innovation seems to hold the most promise for, Discuss whetherthe term "corporate entrepreneurship" an oxymoron? In any country the government tries to preserve the community and improve its conditions. Social Responsibility of Entrepreneur towards Government GRADE 12 Business Ethic. Answer (1 of 4): Depends, which part of the world one belongs too. This post was published on the now-closed HuffPost Contributor platform. Another consideration is the packaging. State. If you need to flag this entry as abusive. End of preview. - Studocu Entrepreneurship sh1717 social responsibility of entrepreneurs responsibilities and accountabilities of entrepreneurs (as cited in jerusalem, palencia, palencia DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home for safeguarding their own interests. The government has to take up several works such as construction of roads, bridges, flyovers, airports etc. We and our partners use cookies to Store and/or access information on a device.We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development.An example of data being processed may be a unique identifier stored in a cookie. Can corporationsespecially large onesbe innovative? Should not instigate and mislead the suppliers of raw materials and customers. A socially responsible entrepreneur is proactive with eliminating corrupt, irresponsible or unethical behavior that might bring harm to the community, its people, or the environment before the behavior happens. Participation in business seminars etc. Owners, 3. A committee appointed for doing something in respect of that business is highly benefited if some prominent person from that field is appointed as the chairman of that committee or commission. EXAMINATION PROCESS & A.T.K.T. In addition to the legal and political responsibilities, the business has to take up several moral responsibilities towards the society. The business pays taxes on goods produced by them, taxes on goods imported by them, taxes on own income and taxes on the incomes of the employees. The government sets the targets for the balanced and rapid economic development of the country.Social Responsibility of Entrepreneurs towards Different Sections. To obey Laws - The laws reflect the wishes of the community, they show what the community wants the member to do and what the community wants the member to avoid. Besides, collective Industrial Research may also be organized and proper representation of the industry before the government action should be managed. More and more women are harnessing their power to run businesses and follow a dream. Entrepreneurs, Business Owners and Changemakers from Vancouver, BC come together to raise funds for RAW Beauty Talks. The prospects of the business depend upon the status of the community. Responsibility of Entrepreneurs towards EmployeesSo, the responsibility of the entrepreneur is that he pays sufficient attention to theinterest of the employees and workers and keeps them contended because the successand failure of the business depend upon them. I assume you just mean "what are the ethical responsibilities of entrepreneurs to their em. Use the Internet to find an example of. Polytechnic University of the Philippines, Lesson 9- The Responsibilities and Accountabilities of Entrepreneurs.pptx, Metro Manila College, Brgy. Course Hero is not sponsored or endorsed by any college or university. The business leaders have practical experience of a particular type of business. They should follow mortgage rules and business ethics with proper, use of debt capital. Pay Taxes. It seems that the trendsetters today include the rise of the entrepreneur gamechangers that are being followed and admired by many. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. In that respect the business has to extend its co-operation to the government. Use the Internet to find an, Discuss whether the term "corporate entrepreneurship" an oxymoron? Often the government requires inputs of technical economic financial or political importance for framing appropriate policies. As entrepreneurs, we often deal with an incredible amount of stress and are faced with hard decisions that can leave us in despair wondering, How am I going to make this happen?. Their power should be balanced with social responsibility. Should follow the code of conduct prepared by business confederations etc. Are you aware of the saying "the end does not justify the means"? Social Responsibility of Entrepreneurs towards Employeeso1. A huge project like the sewi nhava seva sealink can be conveniently undertaken with the help of business. To Cooperate with Government for Economic Development. Retail price & Mark-up per cent, Differentiation involves the way that teachers respond to the needs of all students. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Social Responsibility of Entrepreneur towards Government, GRADE 12 Business Ethic and Social Responsibility, This textbook can be purchased at www.amazon.com, Entrepreneurs have strong responsibility to the government by complying with government, rules like licenses for operation, price determination, and production. The first and the foremost responsibility of an organization towards its employees is to ensure that they are happy and satisfied with their jobs. Manage SettingsContinue with Recommended Cookies, In Business, the responsibilities of entrepreneurs towards the government, professional institutes, and other business institutions are very essential. Not to Correct the Government Machinery. In other words, can corporationsespecially large onesbe innovative? What, Activity 3 Interview the Known Choose three successful entrepreneurs in your community or nearby places and conduct an interview using the guide questions below. Should never attempt to Instigate the customers of other organizations, by making wrong criticisms or Instigations. Write it. University of Mumbai has announced the results for BMS SEM VI 75 :25 CHOICE BASE 10 GRADE AND 7 GRADE on 4th June 2022, We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. They should follow the code of conduct prescribed by professional institutes. It promotes the rising of social status, condence 5. Cost price & Mark-up per cent based on cost price (a) RM120, 25% (b) RM2,800, 45% 4. This is a social responsibility that will benefit the fabric of the community in ways that can be more significant than the bottom line in a monetary sense. businesspeople must cooperate with the government for economic development. They should inform suppliers of future development and changes in the demand of commodities. If taxes are evaded by one group, the burden of taxation increases on some other group. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'googlesir_com-leader-4','ezslot_10',125,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-leader-4-0');In short, the following are the responsibility of an entrepreneur towards government: The rules framed by the government for business should be fully complied with. GENICCA WHITNEY, FOUNDER OF MANIFEST LIKE-A-BOSS | DIGITAL DESTINATION FOR WOMEN ENTREPRENEURS WHO HAVE A DESIRE TO MIX SPIRIT WITH STRATEGY TO CREATE WILD SUCCESS. The question here is assumed is about Enterprise & meaning not for medium or large corporation. With that, they must pay fair prices of goods and pay on time. Social responsibility of business towards community 1. Product - slippers, ropes. Social Responsibilities of Organization Towards Customers Let us go through some social responsibilities of an organization towards its customers. By giving Anti Social activities with political patronage hits the democratic values. 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Your email address will not be published. Get access to all 28 pages and additional benefits: A turntable rotates with a constant 2.25 rad/s 2 angular acceleration. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'googlesir_com-medrectangle-4','ezslot_3',101,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-medrectangle-4-0');Related:Social Responsibility of Entrepreneurs towards Society & Local Community. The government imposes various types of taxes, like, Income Taxes, sales tax, exercise duties, tariff duties and wealth tax on the entrepreneur and business, for raising financial resources. This is helpful in winning them sympathy from the community. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'googlesir_com-medrectangle-3','ezslot_2',105,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-medrectangle-3-0');In the various circumstance, governments help the Businessman also and also enacts various laws to having control over their activities. The government appoints the officers to implement its policies. Shareholders, 6. The business can take the help of constitution or the judiciary to oppose the laws and get them repealed. Meterdown Annual Festival is back with its 7th edition Starts today! They supply. Officially going "paperless" is a big step for most businesses, so don't be intimidated by taking the term literally. The arguments supporting a major role for the social responsibility of entrepreneurs are as follows : (1) Moral Justification : There is a growing realisation that it is the moral duty of business houses to serve the society. for the community. Sometimes the businessmen try to participate actively in politics. They should inform suppliers of future development and changes in the demand of commodities. Thus, the business has to provide training facilities for the unemployed persons so that they can get absorbed in some occupation or can setup self employment units. Contributors control their own work and posted freely to our site. In the field of Industry An important social responsibility of business/industry is to help rural areas by introducing " self help " and " earn-while-you-learn " programmes. The producers of gutkha approached the court which repealed the order of the government of Maharashtra on the ground that tobacco is in the jurisdiction of the central government. The government sets the targets for the balanced and rapid economic development of the country. The Maharashtra government banned the sale of gutkha in Maharashtra state. A socially responsible entrepreneur is proactive with eliminating corrupt, irresponsible or unethical behavior that might bring harm to the community, its people, or the environment before the behavior happens. Maintaining law and order and protecting persons and property is another responsibility of the Government of the country. It would be impossible to carry on business in the absence of a peaceful atmosphere. If we can make it a lifestyle to get out of our own way - and focus our energy on inspiring more people to give back, lead with love . The consent submitted will only be used for data processing originating from this website. In Modern Times, the more impact is of socialist thoughts. I am confident that more women will step up to the plate to take on this responsibility. The main source of income for the government is the different type of taxes imposed by it. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'googlesir_com-large-mobile-banner-2','ezslot_5',123,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-large-mobile-banner-2-0');For example, the Government of India Lays emphasis on the establishment of industries in rural areas for their development. The employees should be encouraged to appear in the examinations held by professionals and promotion and increments etc. We have the freedom to design a business and a life of our imagination, and do whatever we can to achieve our vision. Entrepreneurs are one of the most ambitious Leaders in our communities. Treat your customers as kings and do not think of them only when you have a pressure to meet your targets within the stipulated time frame. The goods should be standardized based on the need of the, customer. Take these strategies as examples of how your business can become more sustainable and environmentally friendly: Go paperless. The responsibility of the entrepreneurs is that they do not seek political patronage by providing undue economic help to any political party or persons, during elections. The entrepreneur should also practice sound business etiquette and bring a higher level of integrity to his or her business practices. Those who are bold and courageous enough to follow a dream are paving the way for many people to have employment, while providing solutions to problems that exist around us, adding huge value to society. The laws control the behavior of the individuals with each other and with the community. The prominent responsibilities of the business towards the government can be described as follows: To obey Laws The laws reflect the wishes of the community, they show what the community wants the member to do and what the community wants the member to avoid. RULES OF B.M.S. Preference in employment should be gain to the pass out degree holders and diploma holders of the professional institutes. Social Responsibility of Entrepreneur to the Creditor, Financial institutions and banks play an important role in entrepreneurship. Its interesting to see how society has put an intense spotlight on the idea of being your own boss and having your own business, even if it means having a side hustle. Maintaining Law and Order. What are the effects or consequences of non registration of a Partnership Firm? Can corporationsespecially large onesbe innovative? The entrepreneurs should provide commodities and services, according to the desires and, needs of the consumers, at affordable prices by determining fair prices for commodities and delivery, of goods and economic services. Several business houses established educational institutions, hospitals, libraries, recreation halls, playgrounds etc. Entrepreneurs Are Called to Be Socially Responsible. Use the Internet to find an example of two, Use two corporate innovations one brought about through autonomous strategic behavior and one developed through induced strategic behavior. (i) Producing and supplying goods at reasonable prices, (ii) Avoiding creation of artificial scarcities. The social responsibilities of a business organization towards government can be explained with the help of the following points:-(1) Observation of Rules and Regulation: The organization are required to follow the rules and regulations laid by the government in proper manner. The corporate social responsibility (CSR) concept is a very progressive management approach that focuses on long-term goals and long-term returns. Withholding these payments, particularly taxes, is considered a crime. Sometimes the leaders of the business are nominated to the Rajya Sabha so that the government gets the benefit of their practical experience of that field, but often the businessmen try to keep themselves away from active politics. For this reason, it is important to address that entrepreneurs with this kind of power and/or influence, need to exercise social responsibility. Should not encourage politics among the managers of other business Institutions. Healthy competition is encouraged to. In short, the responsibilities of an entrepreneur towards world society are as follows: 1. Results Out for BACHELOR OF MANAGEMENT STUDIES (SEM Ethics and Governance Question bank 2019 SYBMS, Financial institutions and market SYBMS Question Bank 2019, Strategic Cost management SYBMS Question Bank 2019, Business Research Methods SYBMS Question Bank 2019, Production and TQM SYBMS Question Bank 2019, Information Technology II SYBMS Question Bank 2019, Export Import Procedures and Documentation, Investment Analysis and Portfolio Management, Harmful Effects of MNCs on developing countries, Government Responsibility towards Business, DECLARED: BMS SEM VI 75 :25 CHOICE BASE 10 GRADE AND 7 GRADE RESULTS, Action Plan: Social Entrepreneurship Competition at Abhyuday, IIT Bombay [Prizes worth Rs. Some of the more important of these responsibilities are : To follow rules and regulations in letter and spirit. Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Want to read all 4 pages. The laws control the behavior of the individuals with each other and with the community. Discuss the result of your interview, Activity 1 Let Me Know Give at least five (5) names of entrepreneurs that you know. It is the responsibility of the business to complete the work in time and maintain a high level of quality of the work. Course Hero member to access this document, BUSINESS ETHICS QUARTER 3 MODULE 6(JENNY MAE D. 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Several business houses, Collective Bargaining and Labor Relations, University of Negros Occidental - Recoletos, Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. . Efforts should not be made for knowing the business secrets from the managers and employees of other organizations and institutions. Government, 5. CSR seeks to harmonize relationships with stakeholders, which the company identifies and implements activities that go beyond legal and ethical standards. With that, they must pay fair prices of goods and pay on time. raw materials, machinery, and labor. Major responsibility of business towards different sections of society are as : 1. Therefore, the entrepreneur should establish industries in rural areas. Community, 7. Guests enjoyed tasty treats, high-vibe networking, live performances and a fashion show. Not to Seek Political Patronage by Unfair Means, 5. Tybms sem 6 results 2019 declared on 19th June 2019. It is unethical to treat employees as mere machines and expect them to work continuously for eight to nine hours at a stretch just because they are being paid. Why is it important that entrepreneurs and business leaders exercise social responsibility? A member of the TATA family contested election to the lok sabha. In short, the following are the responsibility of an entrepreneur towards government: 3. Part of HuffPost News. Social Responsibility of Entrepreneurs - Responsibilities and Accountabilities to the Employees 1. The operation and management of business Institutions are done by professional Institutions like ICA, ICWA, ICS and management institutes, etc.social responsibility of entrepreneurs. individual suppliers and institutional suppliers. These are the women who are prepared to rise thrive and conquer social responsibility in ways that are innovative and empowering. This is in the interest of the whole community and indirectly in the interest of the business. Any action based upon accurate inputs has greater chances of achieving a higher success. These can include taxes on revenues, tariffs on imported products, and a number of administrative fees necessary to register the business. Limit your paper consumption as much as possible with simple steps. They should gain, loans on reasonable conditions. Your email address will not be published. Social Responsibilities of OrganizationTowards the Government & Community. Environmental Responsibility. If we can make it a lifestyle to get out of our own way - and focus our energy on inspiring more people to give back, lead with love and help those in need in our communities, massive progression is possible. make truthful advertisement because customers depend on what they see in commercials. 2. Businesses must pay taxes and fees to the government in the course of carrying out their operations. In such circumstances, the entrepreneurs have following responsibilities towards these institutions: The modern age is the Age of organizations, since the number of commercial, social and political organizations is increasing, day by day. The government sets the targets for the balanced and rapid economic development of the country. Course Hero is not sponsored or endorsed by any college or university. Employees, 2. social responsibility of entrepreneurs towards the general public The impact of business changes on international society is gradually becoming visible. Workers 6. It should be packed well. (c)Not to indulge in black marketing, hoarding, profiteering, adulteration ctc. Government 8. They Should co-operate in research projects organized by the professional Institutes. They enjoy wide economic and social power. Undue rise or reduction in prices should be caused by fake dealings in the. Support your answer with examples. They should regularly purchase and study the magazines and literature published by the professional Institutes. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); In Business, the responsibilities of entrepreneurs towards the government, professional institutes, and other business institutions are very essential. Consumers, 4. They supply raw materials, machinery, and labor. To Cooperate with Government for Economic Development Social Responsibility of Entrepreneurs towards Society & Local Community, 14 Social Responsibility of Entrepreneurs towards Customers, 13 Social Responsibility of Entrepreneurs towards Employees, 6 Steps in Process of Forecasting in Supply Chain, 7 Tips for Reduction of Physical Distribution Costs, Top 5 Factors that Affecting Cost of Logistics, Top 10 Duties and Responsibilities of Logistics Manager, 7 Impacts of Lack of Coordination on Supply Chain, 10 Types of Information Technologies Used in Supply Chain or Logistics, 7 Key Importance of Information Technology in Supply Chain, Top 10 Objectives of Entrepreneurial Development Programmes (EDP) - Explained, 12 Main Theories of Entrepreneurship (Explained), 14 Principles of Planning in Management (With Examples), 14 Essential Features and Importance of Product (Explained), 18 Major Advantages and Disadvantages of Supermarkets. Employees 3. A socially responsible entrepreneur makes donations for significant society causes social, cultural or ecological. Beyond that, each and every entrepreneur should look . They should religiously pay the installment and interest until the repayment of, Social Responsibility of Entrepreneur towards Customer/Consumer/General Public, The general practice is that the customer or consumer is always right. This preview shows page 2 - 4 out of 4 pages. The Government has to provide monetary system so that business transactions can . The social responsibility of the entrepreneur is that he may not correct the government officers and employees for getting wrong favors or some Anti-Social purposes. The prominent responsibilities of the business towards the government can be described as follows: The laws reflect the wishes of the community, they show what the community wants the member to do and what the community wants the member to avoid. Social Responsibilities are Equal for Both Public & Private Entrepreneurs, 9 Characteristics of Entrepreneurial Development Programme, 8 Major Role and Responsibilities of Managerial Economist (Explained), 12 Essential Steps in Planning Process (Explained), 16 Key Factors Affecting the Size of Sales Territory (With Examples), 18 Characteristics of Entrepreneurial Behaviour (Explained), Top 10 Importance of Advertising to Consumers, 59 Main Functions of an Entrepreneur (With Examples). The current scenario has been favouring the entrepreneurs with the government introducing make in India, start-up India and many other schemes to encourage the spirit . If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. Grants and other types of assistance is should be provided to professional institutes. Local Materials in the Philippines Materials - Abaca belongs to Banana family. Owners/Investors 7. I'm not sure that makes sense. Do not treat your staff as labours. 3. Answer (1 of 5): First, there may be some confusion in your question: you ask about SOCIAL responsibilities (which are generally responsibilities to *society*) to employees. Social Responsibility of Entrepreneurs towards Different Sections, Social Responsibility of Entrepreneurs towards Government. If the business discharges its responsibilities the government sincerely and effectively, the government can function more efficiently. For that, the entrepreneur should provide cooperation to the government by proper utilization of available resources in accordance with the government targets. Host of the high-vibe fundraiser, Dare to Dream Soiree - Entrepreneur / Genicca Whitney, Mindset & Business Strategist. Providing Monetary System. Related:13 Social Responsibility of Entrepreneurs towards Employees. (2) Payment of Taxes:The business organizations must pay taxes and duties regularly to the government such as sales . Its no wonder why we are put on a pedestal in todays society, admired for our stamina and vision. Hence, the responsibility of a business organization and its managers towards other business organizations and their managers have also emerged, as follows: if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'googlesir_com-leader-3','ezslot_9',124,'0','0'])};__ez_fad_position('div-gpt-ad-googlesir_com-leader-3-0');Thus, Now you all know the responsibility of entrepreneurs towards government & institutions. 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