CORPORATE SOCIAL
RESPONSIBILITY
Disha tiwari(012049)
Faraz sajid(012052)
Jyoti Singh(012067)
WHY SOCIAL RESPONSIBILITY


The business of business is business 'was the
motto of businessperson in early times. Narrowl...
CORPORATE SOCIAL RESPONSIBILITY


Definition- A company‘s sense of responsibility
towards the community and environment (...
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Corporate social responsibility –
Emphasizes obligation and accountability to societ...
BUSINESS CRITICISM/ SOCIAL RESPONSE
CYCLE
Factors in the Societal Environment

Criticism of
Business
Increased concern
for...
HISTORICAL PERSPECTIVE
From the 1950’s to the present the concept of
CSR has gained considerable acceptance and the
meanin...
CARROLL’S FOUR PART DEFINITION
•

CSR encompasses theeconomic
Ethical
Legal
Discretionary (philanthropic)
Expectation
That...
UNDERSTANDING THE FOUR COMPONENTS
Responsibility

Societal
Expectation

Examples

Economic

Required

Be profitable.
Maxim...
PYRAMID OF CSR
BUSINESS RESPONSIBILITIES IN THE 21ST
CENTURY
Demonstrate a commitment to society’s values and
contribute to society’s soc...
ARGUMENTS FOR SOCIAL RESPONSIBILITY
Society and Business are interdependent Public Image Shareholder interest Avoidance...
CORPORATE SOCIAL RESPONSIBILITY (CSR)
ARGUMENTS AGAINST
-Profit Maximization
-Society has to pay the
Cost
-Business has en...
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Corporate social responsbility

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Corporate social responsbility

  1. 1. CORPORATE SOCIAL RESPONSIBILITY Disha tiwari(012049) Faraz sajid(012052) Jyoti Singh(012067)
  2. 2. WHY SOCIAL RESPONSIBILITY  The business of business is business 'was the motto of businessperson in early times. Narrowly interpreted, it would mean that corporations have only one responsibility, the single –minded pursuit of profit. 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.
  3. 3. CORPORATE SOCIAL RESPONSIBILITY  Definition- A company‘s sense of responsibility towards the community and environment (both ecological and social) in which it operates.compainies express this citizenship (1).through their waste and pollution reduction process,(2).By contributing educational and social program (3).by earning adequate returns on the employed resources
  4. 4. CORPORATE SOCIAL RESPONSIBILITY (CSR) Corporate social responsibility – Emphasizes obligation and accountability to society  Corporate social responsivenessEmphasize action, activity  Corporate social performance – Emphasizes outcome , result 
  5. 5. BUSINESS CRITICISM/ SOCIAL RESPONSE CYCLE Factors in the Societal Environment Criticism of Business Increased concern for the Social Environment A Changed Social Contract Business Assumption of Corporate Social Responsibility Social Responsiveness, Social Performance, Corporate Citizenship A More Satisfied Society Fewer Factors Leading to Business Criticism Increased Expectations Leading to More Criticism
  6. 6. HISTORICAL PERSPECTIVE From the 1950’s to the present the concept of CSR has gained considerable acceptance and the meaning has been broadened to include additional components  Economic model – the invisible hand of the marketplace protected societal interest  Legal model – laws protected societal interests  Modified the economic model  Philanthropy  Community obligations  Paternalism 
  7. 7. CARROLL’S FOUR PART DEFINITION • CSR encompasses theeconomic Ethical Legal Discretionary (philanthropic) Expectation That society has of organization has a given point in time
  8. 8. UNDERSTANDING THE FOUR COMPONENTS Responsibility Societal Expectation Examples Economic Required Be profitable. Maximize sales, minimize costs, etc. Legal Required Ethical Expected Discretionary (Philanthropic) Desired/ Expected Obey laws and regulations. Do what is right, fair and just. Be a good corporate citizen.
  9. 9. PYRAMID OF CSR
  10. 10. BUSINESS RESPONSIBILITIES IN THE 21ST CENTURY Demonstrate a commitment to society’s values and contribute to society’s social, environmental, and economic goals through action.  Insulate society from the negative impacts of company operations, products and services.  Share benefits of company activities with key stakeholders as well as with shareholders.  Demonstrate that the company can make more money by doing the right thing. 
  11. 11. ARGUMENTS FOR SOCIAL RESPONSIBILITY Society and Business are interdependent Public Image Shareholder interest Avoidance of Governmental Regulation: 
  12. 12. CORPORATE SOCIAL RESPONSIBILITY (CSR) ARGUMENTS AGAINST -Profit Maximization -Society has to pay the Cost -Business has enough Power -Social Overhead Costs -Lack of accountability: -Friedman’s Views

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