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Words: | Submitted: Mon Jun 19 2006
... main categories or areas. These areas range from protecting the environment to the actual product that they produce. Some of the policies mentioned will be fairly practical to implement and will make good cost savings for the company which in turn will increase the companies profitability. The following gives a definition of social responsibility, "Social responsibility is fundamentally a philosophy or a vision about the relationship of business and society, one requiring leadership to implement and sustain over time. It is most effectively treated as an investment, not a cost, much like quality management"(Marcello Palazzi) The first aspect that Pace Leisurewear Ltd could look at when thinking of adopting socially responsible polices is environmental protection. This involves such areas as pollution control as reducing the pollution caused by producing the product may mean that the company will be taxed less by the government which in turn would help increase their profitability. ...
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