Definition Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. CSR is a process with the aim to embrace responsibility
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Corporate Social Responsibility Written by Subin Han Introduction CSR (Corporate Social Responsibility) is a form of corporate self-regulation integrated into a business model. CSR has been an essential part in business management (Wood‚ 1991). People can find that the significance of CSR has been emphasized due to ‘social responsibility’ included in the 4 meeting agendas at 2010 G20 Business Summit. In addition‚ the CSR policy ensures its active compliance with the spirit of the law‚ ethical
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Social Responsibility is fast becoming an integral part of the corporate world. Broadly defined‚ Corporate Social Responsibility attempts to achieve commercial success in ways that honour ethical values and respect people‚ communities‚ and the natural environment (Bhattacharya & Sen‚ 2004). From what was once seen as peripheral to a company’s main businesses‚ has now become a standard practice‚ with an increasing number of businesses engaging in CSR activities. Corporate Social Responsibility is a
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Project proposal synopsis Title of the Project: Evaluating the dynamics of CSR in NLC (Neyveli Lignite Corporation Ltd) Project Guide : Mrs. A. Bharathy‚ M.B.A.‚ M.Phil.‚ Ph.D Assistant Professor‚ Department of Management‚ Pudhucherry University Community College‚ Lawspet‚ Pudhucherry – 8. Submitted by: B. Anandapadmanaban Enrol. No. 081274467 IGNOU MBA (HR) Contents |Chapter |Topic
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CSR IMPLEMENTATION A. Short history of CSR In the global context‚ the term CSR into use since the 1970s and increasingly popular‚ especially after the attendance book Cannibals With Forks: The Triple Bottom Line in the 21st Century Business (1998)‚ by John Elkington. Developing three essential components of sustainable development‚ namely economic growth‚ environmental protection‚ and social equity‚ which was initiated by the World Commission on Environment and Development (WCED) in the Brundtland
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CHANGE FOR WAL-MART [pic] Bouffard‚ Jason Fiel‚ Zachary Kizil‚ Cevdet Pimental‚ Kristen Swihart‚ Jason Southern New Hampshire University Strategic Human Resource Management – Dr. Annette West October 29‚ 2006 CONTENTS I. Abstract II. Wal-Mart Employee Selection‚ Training‚ and Development III. Wal-Mart Human Resources Planning IV. Wal-Mart Performance & Compensation Management V. Wal-Mart – Strategy & Strategic Changes VI. Wal-Mart: A Strategic
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which they operate. First‚ it is the corporations’ obligation to recognize and solve the social problems they created. Then‚ business should be socially responsible to fulfill the expectation of today’s socially conscious consumers. Last but not least‚ CSR is the essential key to sustainability and success in the future. To begin with‚ business should take a significant role to maximize its positive impacts and minimize its negative impacts in the society‚ using their rich resource and technology.
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what extent is Corporate Social Responsibility (CSR) beneficial to a company’s performance? Conventionally‚ Corporate Social Responsibility (CSR) was defined as actions businesses take to improve society’s welfare (McWilliams and Siegel‚ 2011). Currently‚ CSR has expanded into developing new business models that honor human rights‚ combat societal and environmental challenges‚ and profit companies at the same time (“Business case for CSR”‚ 2013). CSR also emphasizes on engaging shareholders in decision-makings
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DETAILS 2 CSR IN BUSINESS PROCESS 3 DEALING WITH SUPPLIERS 3 CONTRIBUTING TO THE COMMUNITY 4 REDUCTION IN ACCIDENT RATE 4 SOURCING OF RAW MATERIAL 4 SIGNATORY ISSUES 5 AWARDS 5 UNILEVER IN INDIA 5 PROJECT SHAKTI 5 SANJIVINI 6 PROCTER & GAMBLE 6 PHILANTHROPY DETAILS 7 CSR IN BUSINESS PROCESS 8 CSR: COMPANY POLICIES 9 INDUSTRY ANALYSIS (FMCG) 10 CITIGROUP INC. 11 PHILANTHROPY DETAILS 11 FINANCIAL LITERACY 11 Microfinance 12 Community Relations 12 ‘Plant-a-Tree’ initiative 12 CSR IN BUSINESS
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necessary condition to do business. There appears to be an infinite number of definitions of CSR across academia‚ varying from the simplistic to the complex and includes a range of related terms and ideas- including corporate citizenship‚ corporate sustainability‚ corporate social investment‚ socially responsible investment‚ business sustainability and corporate governance. It can be usually agreed upon that CSR consists of taking on more responsibility than just an economical principle and for the
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