SOCIAL RESPONSIBILITY OF INDIVIDUALS, GROUPS AND BUSINESSES: AN ESSENTIAL INGREDIENT IN WORKING TOGETHER FOR PEACE

Abstract

Social responsibility is an ethical theory in which individuals, groups and businesses are held accountable for fulfilling civic obligations. These actions must be of huge benefits to the whole of society. This paper advocates that a peaceful balanced economic growth, welfare of society and the environment must be hinged on a transparent partnership between businesses, governmental and non-governmental organisations. It is the view of the paper that businesses do not contribute huge resources directly to peace rather such resources are channeled to worthy projects/programs like ensuring equity, stakeholder engagement, and even fighting corruption. The paper recommends that a scarce resource like money does not thrive in restive environments. Consequently, social responsibility of individuals groups and businesses is an inevitable ingredient and panacea in working together for peace especially in restive environments.