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  • Corporate Social Responsibility

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    Soham Gupta
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    This document discusses corporate social responsibility (CSR). It defines CSR as showing concern for sustainability and society through business initiatives that benefit communities. CSR involves responsibilities to various stakeholder groups, including owners and investors (e.g. ensuring returns), employees (e.g. fair pay and welfare), suppliers (e.g. fair dealings), customers (e.g. quality, affordability), government (e.g. legal compliance), and society overall (e.g. help weaker sections, protect environment). The nature of CSR is normative, relative to the company, and can begin either proactively or reactively.

    Original Description:

    Corporate Social Responsibiliy meaning nd towards different groups

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    This document discusses corporate social responsibility (CSR). It defines CSR as showing concern for sustainability and society through business initiatives that benefit communities. CSR involves responsibilities to various stakeholder groups, including owners and investors (e.g. ensuring returns), employees (e.g. fair pay and welfare), suppliers (e.g. fair dealings), customers (e.g. quality, affordability), government (e.g. legal compliance), and society overall (e.g. help weaker sections, protect environment). The nature of CSR is normative, relative to the company, and can begin either proactively or reactively.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    13 views11 pages

    Corporate Social Responsibility

    Uploaded by

    Soham Gupta
    This document discusses corporate social responsibility (CSR). It defines CSR as showing concern for sustainability and society through business initiatives that benefit communities. CSR involves responsibilities to various stakeholder groups, including owners and investors (e.g. ensuring returns), employees (e.g. fair pay and welfare), suppliers (e.g. fair dealings), customers (e.g. quality, affordability), government (e.g. legal compliance), and society overall (e.g. help weaker sections, protect environment). The nature of CSR is normative, relative to the company, and can begin either proactively or reactively.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 11

    CORPORATE

    SOCIAL
    RESPONSIBILITY
    Prepared BySwayam Gupta
    08-BBA-2013

    Meaning of C.S.R

    Corporate Social Responsibility is a


    gesture of showing the companys
    concern and commitment towards
    societys
    sustainability
    and
    development.

    It refers to business practice that


    involves participating in initiatives that
    benefit society.

    Nature

    Normative in nature
    Relative Concept
    It may be started as Proactive and
    Reactive

    Responsibility Towards
    Different Interest Groups

    Owners
    Investors
    Suppliers
    Customers
    Government
    Society

    Responsibility Towards
    Owners

    Run the business efficiently.


    Proper utilization of capital and other
    resources.
    Growth and appreciation of capital.
    Regular and fair return on capital
    invested.

    Responsibility Towards
    Investors

    Ensuring safety of their investment,


    Regular payment of interest,
    Timely repayment of principal amount.

    Responsibility Towards
    Employees

    Timely and regular payment of wages and


    salaries.
    Proper working conditions and welfare amenities.
    Opportunity for better career prospects.
    Job security as well as social security like
    facilities of provident fund group insurance,
    pension, retirement benefits, etc.
    Better living conditions like housing, transport,
    canteen, cr6ches, etc.
    Timely training and development.

    Responsibility Towards
    Suppliers

    Giving regular orders for purchase of


    goods.
    Dealing on fair terms and conditions.
    Availing reasonable credit period.
    Timely payment of dues.

    Responsibility Towards
    Customers

    Product and services are must be qualitative


    There must be regularity in supply of goods
    and services.
    Price of the goods and services should be
    reasonable and affordable.
    There must be proper after-sales service.
    Grievances of the consumers, if any, must be
    settled quickly.
    Unfair means like under weighing the product,
    adulteration, etc. must be avoided.

    Responsibility Towards
    Government

    Setting up units as per guidelines of


    government
    Payment of fees, duties and taxes regularly
    as well as honestly.
    Not to indulge in monopolistic and restrictive
    trade practices.
    Conforming to pollution control norms set up
    by government.
    Not to indulge in corruption through bribing
    and other unlawful activities.

    Responsibility Towards
    Society

    To Help The Weaker And Backward


    Sections Of The Society
    To Preserve And Promote Social And
    Cultural Values
    To Generate Employment
    To Protect The Environment
    To Conserve Natural Resources And
    Wildlife
    To Promote Sports And Culture

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