Social responsibility of economic entities: economic nature and essence

Abstract

The article deals with the concept of social responsibility and its role in ensuring the strategic development of economic entities, the need to form the economic basis for implementing the mechanisms of socially-oriented programs at all levels of institutional management is pointed out, the benefits of business entities obtained through the introduction of social responsibility principles are identified, listed aspects of practical nature of socially responsible business implementation in a market economy form a system of effective management and key principles for the implementation of the country's fundamental social policy.