Professional Documents
Culture Documents
118 Social Responsibility Powerpoint Template
118 Social Responsibility Powerpoint Template
118 Social Responsibility Powerpoint Template
Social
Responsibility
Name : ujala Tiwari s
MA sociology 2nd year
Paper : industrial sociology
DEFINITION OF CSR
DEFINITION OF CSR
“Corporate Social Responsibility is the continuing
commitment by business to behave ethically and
contribute to economic development while
improving the quality of life of the workplace and
their families as well as of the local community and
society at large”.
WHY SOCIAL RESPONSIBILITY
OF BUSINESS?
WHY SOCIAL RESPONSIBILITY OF BUSINESS?
• ‘The Business of business is Business’ was the motto of
businesspersons in early times.
• To economists like Adam Smith and Milton Friedman, in
a capitalist society profit maximization by the continued
increase of efficiency is the most socially responsible
way of conducting business. This implies making quick
money, with utter disregard for the responsibility of business
towards society.
• The ethical and social behavior of corporations is essential
for the generation of profit, owing its source to the reputation
the corporation would acquire in view of its social behavior.
ACCOUNTABILITY TO SOCIETY
1) TRUSTEESHIP MODEL
2) SOCIAL ENTITY THEORY
3) PLURALISTIC MODEL
What are corporations expected
to do?
Some economists argue that corporations depend
on society for a number of facilities they enjoy such
as
• Developed infrastructure,
• Peace and tranquility in the work place
• A trained workforce
• Maintenance of law and order
• Mass media through which they reach their
customers
• Above all, consumers of products, without whom
they have no reason for existence, are all drawn
from the society.
Corporations have a moral responsibility to take a
long and hard look at their values, practices and
assumptions. They have to ensure that
• The country’s name is not compromised during
their deals abroad, either as exporters or
importers,
• Maintenance of quality of their products,
• Create employment opportunities for the
disadvantaged persons by directly setting up
ancillaries,
• Provide financial resources,
• Make available marketing support by purchasing
from disadvantaged communities,
• Donate.
Private sector needs goodwill of the
society
• Historical reasons
• Need for goodwill
• Economic goals and social responsibility
objectives need not contradict each other
Models for implementation
of CSR
Sustainability
• Accountability
• Transparency
Advantages of CSR