Final answer:
Ethical business conduct and legal compliance do not fully encompass social responsiveness. True social responsiveness also involves proactive measures to promote social welfare and environmental stewardship, as well as consideration of moral duties beyond mere legal obligations.
Step-by-step explanation:
A good example of social responsiveness involves more than a company just conducting business in an ethical way and following local laws. Beyond compliance, it encompasses proactive actions and policies that advance social welfare, address social, economic, and environmental problems, and meet additional goals reflecting society's values. Establishing ethical practices, especially in the context of emerging technologies, often presents complex challenges. Companies must balance profitability with moral obligations toward employees and society, and adapt to market forces that sometimes incentivize less discriminatory practices. Addressing these responsibilities requires a multifaceted approach including adherence to a code of ethics, active participation in social responsibility, and ongoing evaluation of the impact of business activities on society and the environment.