Although organizations exist primarily to earn profits or provide services to customer, they also have some basic responsibilities to society.
Many corporations recognize these responsibilities and make a serious effort to fulfill them.
Often, they declare these responsibilities in a formal statement of their company’s principles or beliefs.
Their socially responsible activities include making contributions to charitable organizations and nonprofit institutions, providing benefits for employees in excess of any legal requirements, and choosing economic opportunities that might be more socially desirable than profitable.
The goodwill that socially responsible activities create can make it easier for corporations to conduct their business.