Social Responsibilities of Business and Business Ethics
Class 11 · Business Studies
4 ideas in Class 11 Business Studies, explained in plain words, with games and quizzes to practise.
Meaning and Need
Part of: Responsibility Basics
Firms owe society fair conduct; power, resources, long-term image demand responsibility beyond profit.
Why it matters. Trust earns licence. Society sustains.
Key words
- Social responsibility
- : A firm's duty toward society beyond earning profit.
- Business obligation
- : Obligations a business owes to people it affects.
- Public image
- : Public trust that responsible conduct builds over time.
- Stakeholder trust
- : Confidence of groups dealing with the firm.
Try it in two minutes
- Beyond profit?
- Power obliges?
- Image gains?
Try at home. Note CSR acts.
Towards Groups
Part of: Responsibility Basics
Owners get fair returns; workers fair wages, safety; buyers quality, honest prices; government taxes, law; community jobs, clean acts.
Why it matters. Each group served. Balance struck.
Key words
- Shareholder return
- : Fair dividend and growth for those who funded the firm.
- Worker welfare
- : Fair wages, safety and growth for employees.
- Consumer right
- : Right quality at honest prices for buyers.
- Community duty
- : Jobs, clean acts and help for the locality.
Try it in two minutes
- Name the group.
- State its due.
- Balance all.
Try at home. Map a shop duties.
Business Ethics
Part of: Ethics and Environment
Ethics are moral rules; honesty, fairness, no cheating; codes guide managers beyond law.
Why it matters. Trust lasts. Cheating fails.
Key words
- Business ethics
- : Moral rules guiding right conduct in business.
- Honesty
- : Truthfulness in claims, accounts and dealings.
- Fair dealing
- : No cheating of customers, workers or partners.
- Code of conduct
- : Written values managers must follow beyond law.
Try it in two minutes
- Check honesty.
- Check fairness.
- Follow the code.
Try at home. Draft shop code.
Environment Protection
Part of: Ethics and Environment
Firms must cut pollution, save resources, recycle; laws bind; sustainable growth balances profit, planet.
Why it matters. Planet shared. Future secured.
Key words
- Pollution control
- : Cutting smoke, waste and effluents from operations.
- Resource saving
- : Using less water, power and raw material.
- Recycling
- : Recovering material from waste for reuse.
- Sustainable growth
- : Growth that meets needs while keeping nature safe.
Try it in two minutes
- Spot pollution.
- Save resources.
- Follow green laws.
Try at home. Audit home waste.
What your child will practise
- Business Ethics: Ocean Puzzle (Clue Puzzle)
- Business Ethics: Ocean Quick Fire (Quick Fire)
- Environment Protection: Jungle Puzzle (Clue Puzzle)
- Meaning and Need: Desert Quest (Flip and Match)
- Towards Groups: Desert Quick Fire (Quick Fire)
- Quiz: Business Ethics (8 questions)
- Quiz: Environment Protection (8 questions)
- Quiz: Meaning and Need (8 questions)
- Quiz: Towards Groups (8 questions)