Lesson Plan presentation on topic : Social Responsibility of Business -Corporate Social Responsibility

1. FINAL PRESENTATION OF
LESSON PLAN – COMMERCE
PUPILTEACHER ROLL NO. 26
(20107652)

2. TOPIC:
SOCIAL RESPONSIBILITY OF BUSINESS/
CORPORATE SOCIAL RESPONSIBILTY

3. MEANING OF
CORPORATE SOCIAL RESPONSIBILTY :
■ Social responsibility means that businesses, in addition
to maximizing profits, should act in a manner that
benefits society as a whole .
■ As it applies to business/companies , social
responsibility is also known as Corporate Social
Responsibility (CSR)
■ The CSR model outlines how a company can be
accountable to itself, its staff, its stakeholders, the public
, global and local environments.

4. KINDS OF SOCIAL RESPONSIBILTY :
ECONOMIC
REPONSIBILTY
LEGAL
RESPONSIBILITY
ETHICAL
RESPONSIBILITY
PHILANTHROPHIC
RESPONSIBILTY

5. ECONOMIC
REPONSIBILTY :
■ The first level of the
pyramid is economic
responsibilities, and it
states the priority
should be creating
profit through
economic growth.
■ A business cannot
survive otherwise.

6. LEGAL
RESPONSIBILITY :
■ The second level of the
pyramid defines a
company’s responsibility
to follow all laws,
regulations and
compliances as they
apply to its business
operations.
■ A business must adhere
to the rules laid out by
society if they wish to
function as a business.

7. ETHICAL
RESPONSIBILITY :
■ The third level of the pyramid
lays out the ethical
responsibilities of a business.
■ Ethical responsibilities are
determined by management and
include making moral decisions
that impact employees,
customers, the supply chain and
the environment.
■ For example, a business might
set its own, higher minimum
wage if the one mandated by the
state or federal government
doesn’t constitute a “livable
wage.

8. PHILANTHROPHIC
RESPONSIBILTY :
■ The fourth level of the pyramid
refers to the expectation that a
business will contribute to the
quality of life for society.
■ To be a good corporate citizen, a
company should take part in
initiatives such as volunteering or
fundraising to give back to society.
■ While many firms donate to
charities and nonprofits that align
with their guiding missions, others
donate to worthy causes that don’t
directly relate to their business.

9. TOPCSRINITIATIVESININDIA:
■ INFOSYS
“CSRcan’tbemerelyajob,it’sapassion,”saysSudhaMurthy,
Chairperson,InfosysFoundation,theCSRarmofITservices
conglomerateInfosys.ThecompanyspentnearlyRs.360crore
towardsvariousCSRschemesthisyear.COVID-19reliefwork
dominatedtheactivities,witheducationandhealth-related
programmesfollowingafter.
■ Mahindra&Mahindra
NootherIndiancorporatecomesclosetoMahindra&Mahindra
whenitcometoleadingthechargeforclimatechangeactionand
sustainablebusinesspractices.ThecompanyspentINR93.50crores
onCSRinitiativesduringthefinancialyear2018-19.Sustainability
runsthroughtheethoshere

10. Real Learning Outcome
■ What do you understand by Social Responsibility ?
■ How many types/kinds of Social Responsibilities are there ..?
■ Suppose you have a business firm ,where would you like to donate if you
had enough profit to do so ?

11. Home Assignment
■ Bring one example each of various types of Social Responsibilities from
your end .