Social Responsibilities of Business: Evidence and Explanations

Abstract

The focus of this paper is on business environment, especially the external conditions and influences that affect a firm 's performance. The paper shows that many outside forces such as the market, the environment, and stakeholders are important for company survival, And all of these forces are important in forcing the business to be more socially concerned. The paper reviews 3 important models that try to explain the social responsibility of business: the market capitalism