| | |“RECENT DEVELOPMENTS IN CORPORATE SOCIAL RESPONSIBILTY” |
TABLE OF CONTENTS
Chapter 2 Introduction to CSR
Chapter 3 Model of Social Responsibility
Chapter 4 Social Responsibility and Business Ethics
Chapter 5 Concept of Corporate Citizenship
Chapter 6 CSR in India
Chapter 7 CSR of Idea
Chapter 8 Conclusion
CHAPTER: 1 EXECUTIVE SUMMARY
By the entrance of MNC’s in Corporate, many a times we wonder if these companies are only here to benefit form our human and other resources, are these companies doing something for our community to prove that they are socially responsible? Do they follow ethical practices; do they indulge in any Community welfare initiatives? I was also always intrigued by these questions and then I decided let me find out for myself. Corporate social responsibility is becoming more and more popular these days among corporation. • Corporate Social Responsibility means "Operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business”. • Companies are being encouraged to develop socially and environmentally aware practices and policies.
Companies set up social welfare foundations, charity trusts etc for
(a) The satisfaction of giving back to the society
(b) Increasing their visibility.
The basic Aim of this study was:
• To understand the essence of CSR and why its importance is increasing in today’s global business scenario. • To study various CSR practices being followed at different companies and observes how it affects the growth of the company. After doing a thorough study my findings were that:
• Every company has a social ethical and economical commitment to its host country. • Every organization has a social commitment to fulfill beyond their business. • Identification of the Degree of commitment which a company has towards the social growth can be done through the Social initiatives it takes.
CHAPTER 2 : INTRODUCTION TO CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY is a concept that states that organizations, especially commercial businesses, have a duty of care to all of their stakeholders in all aspects of their operations. This duty of care is seen to go beyond their statutory obligation to comply with legislation.CSR is closely linked with the principles of Sustainable Development which argue that enterprises should be obliged to make decisions based not only on financial/economic factors (e.g. Profits, Return On Investment, dividend payments etc.) but also on both the immediate and the long-term social, environmental and other consequences of their activities. “The social responsibility of business encompasses the economic, legal, ethical, and discretionary expectations that society has of organization at a given point in time”. -By Carroll (1979) “CSR is about how companies manage the business process to produce an overall positive impact on society” -By Baker (2003) Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. • The primary impetus for increased...
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