This document discusses different perspectives on corporate social responsibility (CSR). It notes that CSR emerged as a concept in the 1970s with the goal of companies embracing responsibility for their positive and negative impacts. While some argue that CSR is just PR and companies only need to pursue profit, others see it as an opportunity for shared value between businesses and society. The document provides examples of how different companies in India have implemented CSR initiatives.
This document discusses different perspectives on corporate social responsibility (CSR). It notes that CSR emerged as a concept in the 1970s with the goal of companies embracing responsibility for their positive and negative impacts. While some argue that CSR is just PR and companies only need to pursue profit, others see it as an opportunity for shared value between businesses and society. The document provides examples of how different companies in India have implemented CSR initiatives.
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This document discusses different perspectives on corporate social responsibility (CSR). It notes that CSR emerged as a concept in the 1970s with the goal of companies embracing responsibility for their positive and negative impacts. While some argue that CSR is just PR and companies only need to pursue profit, others see it as an opportunity for shared value between businesses and society. The document provides examples of how different companies in India have implemented CSR initiatives.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
RESPOSIBILITY CSR The term "corporate social responsibility" came in to common use in the early 1970s.
The goal is embrace responsibility for, an encourage a
positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. BRAND DIFFERENTIATION CSR can play a role in building customer loyalty based on distinctive ethical values. CSR , NOT OUR JOB……………… Corporate social responsibility argue that capitalism does enough for society by generating economic growth and creating jobs
A business only needs to pursue and deliver profit to
be a positive contributor to society. In their view, it is the role of government to make and implement social policy, not corporations. (cont.) Permutations of CSR are not worth the cost. He berates corporate philanthropy as "borrowed virtue" because managers are giving away shareholder's money. He asserts that most CSR is "probably delusional" - in that its private costs likely exceed the public benefits produced. Clive Crook The Economist Survey of Corporate Social Responsibility (cont.) Nor he says is it smart to use CSR to "privatize public policy.“ Governments should be making and carrying out public policy using regulation and taxes, not corporations. CSR can unleash loose and dangerously uncoordinated issues that will often do more harm than good. CSR, BLANKET COVERING……………. Proponents of this view argue that CSR is nothing more than public relations and warn all not to trust any CSR initiative because in the end, all it represents is a ploy to distract attention away from otherwise rapacious behavior that is detrimental to society. (cont.) “Businesses are legally required to do everything in their power to make money, and that more often than not, their financial interests will conflict with the broader interests of society, and they will always act in their own self-interest.” The Corporation: The Pathological Pursuit of Profit and Power by Joel Bakan, Eg: Bad Apple in Barrel? Staff in their Chinese iPod factories workers working for 15 hrs shift, received 27 pounds/monthy, they lived in dormitories housing 100 people and no outsiders were allowed, working in slave conditions.( BBC report) CSR, ESSENTIAL………………… Michael Porter casts CSR as "an inescapable priority for business leaders in every country."
CSR will be much more than a cost, a constraint, a
charitable deed - it can be a source of opportunity, innovation which will have competitive advantage." (cont.) Healthy society ultimately creates expanding demand for business, as more human needs are met and aspirations grow.
The mutual dependence of business and society
implies that both business decisions and social policies must follow the principle of shared value - ie, that the choices made must benefit both sides. (cont.) The essential test that should guide CSR is not whether a cause is worthy but whether it presents an opportunity to create shared value - that is, a meaningful benefit to society that is also valuable to the business." Eg: AIRCEL
• “Save our Tigers”
• “Aircel Donate Phone Program” • Utilizing all the weapons in the marketing armour: celebrities, new media, PR etc. But it’s visibility may well be it’s strength and weakness EG: BSNL Taken up a project to maintain and clean some long distance Rajdhani trains. Will take care for up-gradation, cleaning and maintenance of these trains. CSR INDIA
2010 was a outstanding year due to the contribution
towards the community development & social
welfare. CSR is playing a vital role in developing the society
and also enhance the people to enrich their life.
(cont.)
TVS electronic participated with the government
to improve the sanitation in a village called
Tiruvidenthai. CSR ISSUES IN INDIA Huge and growing population, Mass urbanization and a move away from a traditional agricultural based economy, Massive poverty alongside increasing and booming wealth, With the specters of HIV/AIDS alongside diseases of the world’s neediest people.. CONCLUSION Social responsibility into the business will likely demand a radical transformation of the culture, values, and operating systems of most large corporations.
Society has a right to set expectations of businesses,
but these don't have to kill economic growth and jobs. There is no reason why business can't be socially responsible and commercially successful. THANK YOU