Social Responsibily of Organisation

Main aim of organization is not to serve society, but it is to serve its own stakeholders. Government is responsible to take care society. Main aim of organization is to serve its stakeholders. Our expectation from organization to serve society is like expecting cool light from sun. Duty of sun is to provide us heat and light. It is our duty to protect ourself from harmful effects of Sun heat.

We never blame government or Sun for heat, then why should we blame to companies. If we keep apart corporate veil for some time, we will find that all current and previous stakeholders are responsible for unethical practices. If we take example of Enron, Satyam, or Worldcom, we will find that all shareholders who are blaming others, have actually earned profit from stocks of these companies. All banks have provided finance on higher rates. All employees were withdrawing good salary from company. All suppliers had earned profit by providing services on higher rates. Customers were enjoying heavily negotiated contacts.