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There are several challenges that a company face in different ways. And there are several challenges of social responsibility that a company may face while running a business. It is the social responsibility of the company to produce good quality products, to be good community citizens, have safe work environment for the workers etc. In short the company should not only think about its profit, it should also think about the employees and their consumers and shareholders. Usually the company face challenge of environment. They need to provide such an environment to the employees that satisfy them means safe work environment, extra technology, proper pay and their other needs. It is company social responsibility to give such an environment. Most of the companies don’t bother to think about its employees, they just take so much hard work from them and in return they don’t even pay that much. And another challenge that a company may face is labor vs. profit. The companies just keep an eye on their profit, they don’t care about how employees are working and what they need. So, as such appoint labor don’t want to work in such environment. Arising from the social justice movement of the 1960’s, companies found that it is good to serve the people and in that case they start offering for the health benefits to their employees to provide sanitary and safe work environments. By taking right management decision companies can even get more profit and their reputation in community will increase.
Business has found that Good ethics doesn’t happen automatically. Ethisphere has developed a methodology to examines codes of ethics, companies and provide a grade by comparing business to others. Enron, of the largest ethical disasters of 21st century, is an example. Two former Enron CEO’s found were hiding company financial condition. The judge in the case said that