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    Corporate Social Responsibility

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    vinay jod
    This document defines corporate social responsibility as practices and policies undertaken by corporations to have a positive influence on society beyond maximizing profits. It discusses why businesses adopt CSR, including improving corporate image, collaborating with stakeholders, and legal compliance. The key stakeholders in CSR are identified as customers, community, employees, investors, suppliers, environment, and government. The document also notes that India was the first country to mandate that companies meeting certain net worth, turnover, or profit thresholds must spend at least 2% of average net profits on CSR activities.

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    Corporate Social Responsibility

    Uploaded by

    vinay jod
    7 views13 pages
    This document defines corporate social responsibility as practices and policies undertaken by corporations to have a positive influence on society beyond maximizing profits. It discusses why businesses adopt CSR, including improving corporate image, collaborating with stakeholders, and legal compliance. The key stakeholders in CSR are identified as customers, community, employees, investors, suppliers, environment, and government. The document also notes that India was the first country to mandate that companies meeting certain net worth, turnover, or profit thresholds must spend at least 2% of average net profits on CSR activities.

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    Csr

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    This document defines corporate social responsibility as practices and policies undertaken by corporations to have a positive influence on society beyond maximizing profits. It discusses why businesses adopt CSR, including improving corporate image, collaborating with stakeholders, and legal compliance. The key stakeholders in CSR are identified as customers, community, employees, investors, suppliers, environment, and government. The document also notes that India was the first country to mandate that companies meeting certain net worth, turnover, or profit thresholds must spend at least 2% of average net profits on CSR activities.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    7 views13 pages

    Corporate Social Responsibility

    Uploaded by

    vinay jod
    This document defines corporate social responsibility as practices and policies undertaken by corporations to have a positive influence on society beyond maximizing profits. It discusses why businesses adopt CSR, including improving corporate image, collaborating with stakeholders, and legal compliance. The key stakeholders in CSR are identified as customers, community, employees, investors, suppliers, environment, and government. The document also notes that India was the first country to mandate that companies meeting certain net worth, turnover, or profit thresholds must spend at least 2% of average net profits on CSR activities.

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    of 13

    Corporate Social

    Responsibility
    Learning Outcome
     To appreciate and reason out why should businesses
    develop a sense of social responsibility
    Meaning & Definition
     The term corporate social responsibility (CSR) refers to
    practices and policies undertaken by corporations that are
    intended to have a positive influence on the world. The
    key idea behind CSR is for corporations to pursue pro-
    social objectives, in addition to maximizing profits.
     Relationship between business & Society
     Economic consequences should not adversely affect
    public welfare
     Adolph Berle
     Socio-economic obligation
     Keith Davis
    Video
     https://www.youtube.com/watch?v=45YGqwT7OeI
    Why
     Corporate image
     Collaboration
     Legal
     Product positioning
     Organizational culture
    Stakeholders in CSR
     Customers
     Community
     Employee
     Investors
     Suppliers
     Ecology
     Government
    Customers
     Selling concept to marketing concept
     Quality
     Fair price
    Community
     Unemployment
     Setting up educational
    Institutions
     hospitals
    Human Resources (employees)
     Sense of belongingness &
    confidence
     8 hours shift, medical
    facilities, welfare
    facilities, provident fund
     ESI, factories act,1948
     Provident fund act 1952
     Maternity benefit act 1961
    Barriers to CSR
     Desire for excessive wealth
     Excessive Change of Govt. policies
    CSR in India
     The Companies Act, 2013
     India the first country to mandate and quantify CSR
    expenditure.
     every company, either
     net worth of Rs 500 crore
     turnover of Rs 1,000 crore
     net profit of Rs 5 crore
     needs to spend at least 2% of its average net profit
    Quiz
     CSR is positively correlated with revenue and profit
    because:
    A. Being ethical costs money
    B. Consumers do not respond positively to links between
    the organization and ethical and environmentally
    acceptable outcomes
    C. An increase in demand will reduce revenue and
    profitability
    D. Consumers respond positively to links between the
    organization and ethical and environmentally acceptable
    outcomes
    Quiz
     What should be the net profit of the company to be under
    the purview of CSR as per company’s act, 2013
    A. 10 crores
    B. 50 crores
    C. 5 crores
    D. 100 crores

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