1. Social Responsibilities
Module IV
Social Responsibilities
Obligation to meet social needs
Social responsibility of business refers to the obligation of business enterprises to adopt policies and plans of action which are desirable in terms of the expectations and interest of the society. It involves consideration of social criteria along with economic criteria in conducting business activities.

2. The concept of social responsibility of business is based on the recognition that business is an organ of society and an integral part of the social system.
Characteristics of Social Responsibility
Produce High Quality Products and service
Self Management and decentralization of business
Provide good fair benefits to the employees
Constantly get feedback from the consumer to know
about the products
Take active role in the community service

3. RESPONSIBILITIES TOWARDS VARIOUS GROUPS
Encourage all employees to become part of the business
Hold trust in the society
RESPONSIBILITIES TOWARDS VARIOUS GROUPS
OWNERS / SHAREHOLDERS
Provide Fair Dividend
Efficient Business Activity
Optimum Use of available resources
Planning for future growth
Systematic flow of communication

4. EMPLOYEES
Meaningful work environment / Culture
Fair wages / compensation
Job Satisfaction
Quality Work life
Good rapport with top level officials
Successful planning and development
Effective training and development

5. CONSUMERS GOVERNMNET Fair Prices Specified Quality Products
Superior Service
Effective Product Design
Complete Info about the products
GOVERNMNET
On time payment of tax, Customs duties
Observes the Govt Polices and Regulations
Maintain Law and order

6. COMMUNITY AND SOCIETY AT LARGE
Offer employment opportunities without any discrimination
Provide job opportunities to physically challenged and weaker sections of the society
In terms of their policies with respect to environmental protection, conservation of natural resources, abatement of pollution
locating industries in the backward areas and assisting the relief and rehabilitation of victims of natural calamities

7. Business Environment Cost Audit
Review of the impact and contribution of a company to recognized social dimensions.
Valuation of social costs and social benefits
Measuring the worth of social investments by estimating the' market worth' of expected benefits to be derived by
socio-economic operating statement.

8. An environmental audit assesses the nature and extent of harm to the environment caused by the activities, wastes or noise from your business. Use the audit as a tool to help you:
Assess how you can manage or influence the condition of the environment
Priorities what actions you can take to reduce your impact on the environment
Demonstrate accountability to third parties such as government, customers and shareholders.

9. Technology Transfer
Defines the concept as ‘‘the movement of know-how, technical knowledge, or technology from one organizational setting to another’’.
Analyze an astonishingly wide range of organizational and institutional interactions involving some form of technology-related exchange. ‘Sources’ of technology have included private firms, government agencies, government laboratories, universities, nonprofit research organizations,

10. Dimension Technology Transfer
Transfer agent -The institution or organization seeking to transfer the technology. Ex - Government agency, university, private firm
Transfer medium- The vehicle, formal or informal by which the technology is transferred. Ex- License, copyright, person-to-person, formal literature.
Transfer object -The content and form of what is transferred, the transfer entity. Ex- Scientific knowledge, technological device, process, know-how
Transfer recipient-The organization or institution receiving the transfer object. Ex- Firm, agency, organization, consumer, informal group
Demand Environment –Factors pertaining to the need for the transferred object. Ex- Price for technology, substitutability relation to technologies now used, subsidy

11. Technology transfer effectiveness criteria
‘‘Out-the-Door’’- Based on the fact that one organization has received the technology provided by
Market Impact- Has the transfer resulted in a commercial impact a product, profit or market share change?
Economic Development- Similar to Market Impact but gauges effects on a regional or national economy rather than a single firm or industry
Political Reward- Based on the expectation of political reward e.g., increased funding. flowing from participation in technology transfer.

12. Contingent Effectiveness Model of technology transfer
Scientific and Technical Human Capital
Considers the impacts of technology transfer on the enhanced scientific and technical skills, technically-relevant social capital, and infrastructures e.g., networks, users groups supporting scientific and technical work.
Contingent Effectiveness Model of technology transfer
Flow Chart

14. ENERGY RECOURSE MANAGEMENT
To provide manufacturing facilities with the ability and resources to implement an effective Energy Resource Mgt
Based on ISO that will result in measurable energy use and cost improvements.
ISO is a series of standards and guidance documents for environmental management
Developed by the International Organization for Standardization
Standards for environmental management, performance evaluation, labeling, life cycle assessment

15. Management control and maintenance systems
Sustainability and high performance green buildings
Alternative energy systems
Boilers and fired systems
Lighting and electrical management
Natural gas purchasing
Thermal storage
Codes and standards
Utility deregulation and energy systems outsourcing
Energy security risk analysis methods
Financing energy management projects

16. INCENTIVES FOR TECHNOLOGY RESEARCH
150% tax exemption on R&D (the concession allows companies incorporated in Australia to deduct 150% on the expenditure incurred on R&D
Grant of high rate of subsidies and grant-in-aid for R&D
Setting up of Technology Development Reserve Fund System for promoting R&D
Tax credit for expenditures on technology and human resource development
Tax exemption for R&D investment by private firms.

17. High level of technology exports through attractive
policy of attracting inflow of FDI
Greater use of Internet media to enhance technology exports
Promotion through Funding and Loans
Towards the construction of S & T infrastructure and the development of human resources.

18. Technology Development Reserve Fund System
Firms to keep a certain proportion of income for R&D investment
Reserve fund is up to 3 per cent of total sales for the current year and must be used within three years.
The reserved funds can be invested in all activities related to technology development, including assimilation of imported technology, acquisition of technology information, training of technical personnel, operation of research facilities, and donation to research institution.

19. Other Tax Incentive Programmes
Tax incentive programmes include tax deductions and special depreciation, including tax exemption for R&D investment by private firms.
A variety of tax incentive programmes are available for such R&D activities as training technicians, purchasing experimental devices and samples, employing foreign personnel, and building research labs

20. 150 per cent tax concession for encouraging R&D (in Australia),
Encouraging export of technology based produces through a liberal FDI policy both within the country and outside and organizing specialized trade fairs (by China)
Setting up of Technology Development Promotion Fund thereby granting grants and tax benefits for
promoting R& D by the private sector (by Republic of Korea)