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Investigation of CSR On "Taj Group of Hotels"
Investigation of CSR On "Taj Group of Hotels"
Taj Group was recognised for its Environment and Social Responsibility
Initiatives
DIMENSIONS OF CSR
ECONOMIC RESPONSIBILITY
Taj Hotel Group fulfills its economic responsibility by focusing on the practices that support long-term
business growth, while accomplishing the set philanthropic, environmental, and ethical standards.
Taj Hotel Group fulfills its economic responsibility by taking the following initiatives:
• Generate high and consistent level profitability.
• Minimize Costs
• Reduce Wastage.
• Increase Operational Efficiency.
• Increase Product and Service Quality.
• Maximize Sales.
• Maintain Strong Competitive Positioning.
By taking economic initiatives, Taj Hotel Group fulfils its responsibility towards- shareholders and
investors who expect the company to generate an attractive return on investment, customers who
expect high product quality at reasonable prices, and employees who expect a fair and safe work
environment. Fulfilling these all economic responsibilities provides the foundation of CSR pyramid.
LEGAL RESPONSIBILITY
Legal responsibility of businesses involves compliance with the set rules and regulations. Taj Hotel Group
is expected to ensure compliance while functioning within society.
Taj Hotel Group has appointed a compliance officer on a high-level position in the organizational chart to
ensure the business meets all basic legal responsibilities.
How Taj Hotel Group fulfils its legal responsibility?
• Product/Services complying legal Standards.
• Labor Law
• Contract fulfilment
• Intellectual Property
• Privacy and information protection
• Environmental law
• Paying taxes and other duties
Overall, Taj Hotel Group is a law abiding, a social responsible enterprise that operates within the regulatory
boundaries, and complies with various laws like environmental, criminal and labor laws. All major
stakeholders including customers, suppliers, employees, regulators and general society have expectations
from Taj Hotel Group to behave like a responsible legal entity, and Taj Hotel Group fulfills all its legal
obligations towards societal stakeholders. Inability to take care of the legal rights of any stakeholder group
could damage the Taj Hotel Group’s reputation, and company may also face expensive lawsuit.
Critical success factors of Taj Hotel Group’s
corporate social responsibility
• Human Resource.
• Integration of CSR in strategic decision making.
• Stakeholder relationships.
• Benefits evaluation.
• Long term view.
DRIVERS OF TAJ HOTEL GROUP’S CSR
EFFORTS.
• Brand Image.
• Regulatory pressure.
• Customer pressure.
• Competitive pressure
RESEARCH METHODOLOGY