Corporate Social Responsibility (CSR), also known as corporate responsibility By -Satyajeet Pawar
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HI
Corporate Social Responsibility
corporate social responsibility initiative taken by HUL
Despite the fact that most multinationals are increasingly becoming aware of the consequences that would befall them for soliciting cheap labor and creating sweatshop conditions, the absence of uni...
corporate social responsibility,Full description
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What is Csr? Advantages, Role Of Csr,Information About TATA Group
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Corporate governance
contains the CSR activities of SONY, BPCL, RELIANCE AND TATA
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Corporate social responsibility - Schwartz y Carroll (2003)Full description
Corporate social responsibility - Schwartz y Carroll (2003)Full description
BASIC PREMISES AND SPECIFIC RELEVANCE OF CORPORATE SOCIAL RESPONSIBILITY Basic Premises of Corporate Social Responsiilit! • • • • • • • •
Business Leaders Consumers Employees Non-Government Organizations Organizations Investors Media Regulators Local Communities
Speci"c Rele#ance of Corporate Social Responsiilit! Changing ocial E!pectations Consumers and the pu"lic in general e!pect more #rom the companies $ho produce the products and services they "uy% E!pectations resulted #rom the corporate scandals& $hich partially eroded the pu"lic trust o# corporations' reduced pu"lic con(dence in the a"ility o# regulatory agencies and organizations to control the corporations' unrestrained "ehavior%
Competitive La"or Mar)ets *or the company to retain employees $ith promising potentials& company's $or)ing environment must "e competitive% *ailure $ill cause the company some concerns a"out its human capital%
+isclosure +emands By ta)eholders ,here is an increasing increasing insistence insistence #or corporate corporate disclosures disclosures no$ no$ #rom sta)eholders than in the past% ,he pu"lic& employees& suppliers and activist organizations can no$ demand in#ormation a"out corporate conduct $ith more pressure than "e#ore%
+$indling Government Role +ue to limited government resources& corporations though su"ected $ith so many (lings still have the upper-hand $hen ranged against the regulators%
Glo"alization Borderless transactions and the increasing in.uence o# the media on a glo"al perspective is a serious thing to "e considered% /hen in#ormed consumers see $rongdoings $rongdoings "y companies& they can immediately "ring this to the attention o# the pu"lic "y the use o# technology%
Consumers can easily initiate collective action li)e a product "oycott campaign via cy"er space 0ressure *rom Investors Ethical conduct is part o# the system in assessing company's per#ormance% Reports sho$ed that a"out 12 trillion $orth o# assets in 3444 $ere invested in companies that displays and has lin)s to social responsi"ility and environment& and more than 256 o# shareholding "usinessmen "uy and sell stoc)s "y ta)ing into account ethical aspects o# companies $hom they deal stoc)s $ith%
upplier Relations 7s sta)eholders are "ecoming more and more concerned in "usiness dealings& many companies are ta)ing steps to ma)e sure that their partners do things in socially responsi"le approach possi"le%
/ealth and 8ulnera"ilities In developing and developed countries& consumers can a9ord to "e choosy and pic)y on the products they "uy& corporations there#ore has to operationally align itsel# $ith this consumer tendencies% On the other hand& there's a lesser en#orcement and regulations $hen a country is in need o# o"s $hich can "e ans$ered "y in$ard investments% ,his )ind o# phenomenon is propelling the unity o# sta)eholder groups in crying on a more holistic and responsi"le corporate operation and philosophies%