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Introduction There is no doubt that a successful organization has to have proper strategies, marketing and effective management. However, there are more different responsibilities that organizations have to face in order to become the leader in today¡¦s competitive business world. This paper will mainly focuses on the influence of economic responsibilities, legal, ethical and discretionary responsibilities, several real life examples will be discussed to illustrate the themes of all these responsibilities. What is social responsibility? It is the obligation of organization management for the stakeholders. Stake holders are: government, share holder, customers, supplier, potential investors, employer and employees. As far as social responsibility is concerned, there are two points of view: Classical and Socio-economic view. From the classical point of view, management is only responsible for the employer, thus, maximizing profits is the only critical issue. In addition, maximizing profits can be divided into short, medium and long term. Therefore, different goals and objectives must be set for different management in order to work efficiently. From Socio-economic point of view, besides making profit, manag