Corporate Social Responsibility

CSR refers to the responsibility of the decision makers to take actions which help the society and serve own interest

Definition

Changed Public Expectation of business Better Public image Business has the resources Prevention is better than cure Moral Responsibility Citizenship argument Globalization

Arguments for CSR

Lack of social skills Social overhead cost

Arguments opposing CSR

Employees Consumers Government owners

CSR towards various stakeholders

Cost Efficiency Scope & Complexity Relevance

Limits of CSR