1. Profit is not always the point
Dibya Raj Sapkota
Dipesh Raj Pandey
Raj Maharjan

2. There is one and only one social responsibility of business- To engage its resources and engage in activities designed to increase its profits
-Milton Friedman

3. Three Growth models (3G)
Consistent
Competitive
Profitable

4. 4g
Consistent
Competitive
Profitable
Responsible

14. The Social Responsibility of Business

15. The Social Responsibility of Business
Merck shared the secrets of how to make penicillin with his competitors so that they could do so also by saving thousands of lives in world War II.
Merck said, “We try never to forget that medicine is for the people. It is not for the profits. The profits follow and if we remember that, they have never failed to appear.

16. The Social Responsibility of Business
Alex Edmans studied the effect of being a best company to work for on future stock returns.
He found that the “100 best companies to work for in America” beat their peers by 2- 3%/year over
The results of Alex suggest that treating your employees well actually pays off in terms of firm value.

17. The Social Responsibility of Business

18. The Social Responsibility of Business
Costco’s management believes that workers should be spending these holidays with their families.
Profits have topped $2 billion in each of the last 2 years.

19. The Social Responsibility of Business
While Alex's study focuses on employee well being, research by his colleague Yannis Yanu and many others have shown that other dimensions of social responsibility such as customers well-being, society and environment well-being also improve firm value.

20. So, WHY DO BUSINESSES EXIST?

21. It is unethical to make loss
Is profit ethical word ?
It is unethical to make loss

22. Oranagization Approach towards
Shareholder
Stakesholders

23. Triple Bottom Line concept (3BL)
People, planet and profit
Measure organization success based on social, ecological and economic
Responsibility towards Stakeholder rather than Shareholder

24. Planet Maintain natural order
do no harm and minimize environmental impact
 carefully managing its consumption of energy and non-renewables and reducing manufacturing waste

25. People
fair and beneficial business practices toward labor and the community
The "upstreaming" of a portion of profit back to the original producer of raw materials
not use child labour
would pay fair salaries to its workers, would maintain a safe work environment and tolerable working hours

26. Profit economic value created by the organization
differs from traditional accounting definitions of profit
real economic benefit enjoyed by the host society

27. Caring about the society is not at the expenses of profit, it support profit.

28. THANK YOU