NAME : SURAJ VISHWKARMA
ROLL. NO. : 44
CLASS : T.Y.B.M.S.
COLLEGE : CLARA’S COLLEGE OF COMMERCE
Write an essay on Corporate Social Responsibility with suitable example to support your literature.
CORPORATE SOCIAL RESPONSIBILITY
Being social is a noble idea that works beyond the objective of maximum growth & possibility. The business organization must use their infrastructure & resources to protect & promote public interest & social values. Social obligation is a commitment on the part of businessman to produce & supply only those goods which are demanded by the society & refrain from activities that will go against the interest of the society.
Corporate social responsibility (CSR), also known as corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, which means to operating a business that meets or exceeds the ethical, legal, commercial and public expectations that society has of business. Corporate Social Responsibility is one such niche area of Corporate Behavior and Governance that needs to get aggressively addressed and implemented tactfully in the organizations. At the same time CSR is one such effective tool that synergizes the efforts of Corporate and the social sector agencies towards sustainable growth and development of societal objectives at large. The term "CSR" came in to common use in the early 1970s, after many multinational corporations formed. The civil rights movement, consumerism, and environmentalism affected society's expectations of business. Based on the general idea that those with great power have great responsibility, many called for the business world to be more proactive in (1) ceasing to cause societal problems and (2) starting to participate in solving societal problems.
Many legal mandates were placed on business related to equal