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Corporate social responsibility babasab patil

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Corporate social responsibility babasab patil

Corporate social responsibility babasab patil

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  • 1.
    • CSR is a win- win opportunity for companies, financial investors and society at large
  • 2. Social Responsibility: Definition and Debate
    • Social Responsibility
      • The idea that business has social obligations above and beyond making a profit.
      • Business has an obligation to constituent groups in society other than stockholders and beyond that prescribed by law.
  • 3. Purpose of CSR
    • To engage with the internal and external stakeholders
    • Treating the stakeholders ethically
    • To create high standards of living
    • To protect society and environment
    • To take care of shareholders
    • Philanthropic contributions to society
  • 4. Factors Leading to CSR - Drivers
    • Globalization and competition
    • Increased size and influence of companies
    • Repositioning of governments and its roles
    • War for talent
    • Growth of global civil society activism
  • 5. Generations of CSR
    • Social Betterment Social responsiveness
    • First Generation-
    • Companies can be responsible in ways that do not detract from commercial success.
    • Second Generation-
    • Focusing on CSR as an integral part of long term business strategy.
    • Third Generation-
    • Significant contribution to address issues such as poverty, environmental degradation.
  • 6. A Continuum of Social Responsibility Strategies
  • 7. Social Responsibility Strategies
    • Reactive Strategy
      • Denying responsibility while striving to maintain the status quo by resisting change.
    • Defensive Strategy
      • Resisting additional social responsibilities with legal and public relations tactics.
  • 8. Social Responsibility Strategies (cont’d)
    • Accommodation Strategy
      • Assuming social responsibility only in response to pressure from interest groups or the government.
    • Proactive Strategy
      • Taking the initiative in formulating and putting in place new programs that serve as role models for industry.
  • 9. Corporate Social Responsibility (CSR) Arguments For
    • Balancing corporate power with corporate responsibilities
    • Protects business self-interest
    • Limits future government intervention
    • Addresses issues by using business resources and expertise
    • Addresses issues by being proactive
  • 10. Corporate Social Responsibility (CSR) Arguments Against
    • Business is not equipped to handle social activities
    • Dilutes the primary aim of business
    • Organization may get power over society
    • Increase business power
    • Lack of expertise to handle social issues
  • 11. How do we do it?
    • Key CSR Steps
    • Commitment and Vision
    • Planning
    • Implementation
    • Monitoring
    • Reporting
    • Continuous Improvement
  • 12. Limitations of Approaches to CSR
    • Lack of clarity of the definition of CSR
    • Models of CSR not adopted properly by companies
    • Lack of measures to innovate and evolve new CSR models
    • Unidentified segment- need to identify the areas of interest & capability to take up CSR in a focused manner.
  • 13. Organisations
    • IISD (International Institute of Sustainable Development)
    • BSR (Business for Social Responsibility)
    • WEF (World Economic Forum)
    • BSD (Business for Social Responsibility)
    • WBCSD (World Business Council for Sustainable Development