(i) Social objective of the management is followed here.
(ii) Social dimension:
(a) Social environment of a business refers to the broad characteristics of the society in which a business enterprise operates.
(b) The social environment of business includes the social forces like customs and traditions, values, social trends, society’* expectations from business, etc. Social values and attitudes are changing very fast.
(iii) Equity: Equity refers to fair treatment to all workers in an organization. Fair treatment involves kindness and justice on the part of superiors while dealing with their subordinates.