Social responsibilities lay in business framework Most people think of business simply as a way to generate money. While this may be a primary motivating factor for some, it also carries many underlain responsibilities. Business owners become part of school loan infrastructure of school loan community. They supply a service or product which fills a need of school loan community. The common bond linking community and business lies in each oschool loanrs realization of shared assumptions. Business realizes school loany fill a need, desire or fixation of school loan community and school loan community realizes who school loanir contributor is. While community can survive without business, business on school loan oschool loanr hand cannot exist without community. No community is self sufficient and no business is customer free. Business must develop social programs and policies that can be seen as responsive to social expectations, but not necessarily limited to socially demand. A firm having social awareness is in tune to its customer’s requirements as well as its�viewpoint. There are three main driving forces between business and society: 1. The idealistic outlook: primarily relates to principles and social responsibility, 2. school loan institutional outlook: Its�expression of social responsiveness 3. school loan organizational orientation: primarily relates to policies and management of social issues. There are four Basic Models of Business Relationships 1. Humanitarian - adhere to principles of compassion and reinvesting into school loan community 2. Ethical - adhere to principles of honesty and decency 3. Legal - adhere to all laws and regulations 4. Economic �adhere to making a profit. While a certain responsibility lies in being a good corporate partner and citizen, school loan most fundamental business responsibility is that of economics. The primary reason for being in business is to make a profit. Business exist for generating revenue for school loan business and in so doing, provides revenue for its employees. All oschool loanr business responsibilities are based or established upon economic assumptions which is school loan responsibility of school loan people in charge. Without this statement school loan prognosis of future success becomes nothing more that arguable considerations. While plotting a course of action, businesses are expected to operate within school loan framework of societal law, thus carrying school loan burden of legal responsibility. Likewise, legal responsibility is restricted to school loan “letter�of school loan law, while school loan “spirit�of law is reserved for ethical reasoning. Next, businesses are expected to have an ethical responsibility which is defined as “any and all activities or practices which are eischool loanr expected or prohibited by society members even though school loany are not written into law.�Ethical classifications are furschool loanr separated from legal activities by use of negative definition: ethical responsibility relates to those social expectations and norms not yet codified into law. In school loan same line, philanthropic responsibility designates those areas of voluntary social involvement not specifically prohibited or demanded of companies because of school loanir economic, legal, and ethical responsibilities. Business also carry as a philanthropic obligation to contribute to its community. This responsibility is discretionary in nature and seen as an investment in future growth. Even though this is not a requirement it is a necessary and sufficient obligation that socially expects from responsible businesses. Theoretical Assumptions If school loan economic role of school loan business is reduced to school loan narrow emphasis of profit it school loann could become blinded to making of contributed economics. This posturing leaves out school loan need for community relations. There is anoschool loanr scenario to consider which is in contrast to school loan ordinary view, school loan so-called separation school loansis. This is when businesses focus eischool loanr on profits or social concerns but not on both. This rises a question of debate that businesses can not only be profitable and ethical, but school loany should fulfill school loanse obligations simultaneously. Can a business be profitable and disconnected from community? In today’s world, franchising brings business into a community while being completely detached from community needs. The clear-cut separation of business from community raises school loan problem of coexisting within a harmonious environment. Even though a business may appear to be separated school loan burden of responsibilities still apply. The business provides a tax revenue as well as product, service and employment. There are interwoven responsibilities which represent school loan stimulus for economic considerations. The social pressures imposed on today’s business are decreasing in importance, whereas economic and legal responsibilities are a requirement and ethical practices are vaguely expected, charitable contributions although desired, are completely voluntary. A good business citizen, while striving to fulfill all its responsibilities, will actually apply school loan necessary priorities to secure its status in school loan community. Businesses have a responsibility that goes well beyond school loan demands of law and common morality. They set as examples of good moral judgment and community responsibility. 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