Case study: Corporate Social Responsibility of Dutch Bangla Bank
In this article, we have tried to give a comparative picture of corporate social responsibilities (CSR) of DBBL. We also defined what corporate social responsibilities and tried to show how important it is in this 21st century. Along with these, a short description of DBBL’s activities are included to make clear the CSR of its. Throughout the article, the activities of DBBL on CSR have worked as standard and helped in finding the shortcomings of the bodies in Bangladesh. They have been helping in tracing out different ways for improvements. In conclusion we can say that there are not only problems but also opportunities for further improvement by the business world of this country in the field of CSR.
Table of content
Corporate social responsibility
Views of social responsibility
Why are we choosing DBBL
Mission, Vision, Objective
Social responsibility & Economic performance
Social responsibility is a concept well known in the corporate world and beyond that. Business all over the world have practiced only profit making actions at past but not for long as the enterprise started to develop complexities and wideness in size and actions so was their reach getting bigger and bigger. As every person has his own social responsibilities towards the society so does the business firms. The idea is that, the business has social obligations and above and beyond making a profit is corporate social responsibility. However, it is regretful that though internationally it is being practiced widely, Bangladesh is still lagging behind. The difference between the world standard and the practice in Bangladesh shows the lacking here and the scope for development.
Corporate Social Responsibility:
Definitely social responsibility includes the responsibility of social people, groups, societies, and business organization. Here raises the question: why is there more interest in, and debate about the social responsibility of business and than about the social responsibility of the other institutions? It is of course legitimate to raise the issue of social responsibility of business. But we hear rather less about the social responsibility of, say, the churches, the media, trade unions, the professions, universities, or even the government. When people collectively organize themselves in organizations of one kind or another, do those impersonal legal entities really acquire social responsibilities, which differ from those of other collective entities? Many people are uneasy about the profit motive, suspecting that profits emerge only from exploitation. They fear that free enterprise encourages greed and selfishness. They are reluctant to accept the logic of Adam Smith’s famous theory of invisible hand, which holds that business people the general interest more effectively by pursuing their own interests than by directly trying to ‘do good’. I suggest that, this is why we are here little about the social responsibilities of churches, charities and so on. Business, in contrast, is assumed to have a problem about its social responsibilities because it is driven by profit-motives. So it can be said that, Corporate Social Responsibility (CSR) means that companies integrate social and environmental concerns in their business operations and in their interaction with business relevant groups on a voluntary basis.
In general, CSR is characterized by the following aspects:
• Voluntary initiatives going beyond legislative requirements and contractual obligations • Activities to benefit the employees, business relevant groups (including the society as such) or the environment • With a...
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