Corporate social responsibility (CSR) refers to integrating social and environmental concerns into business operations. There are two views of CSR - profit-making only versus going beyond profit-making. CSR benefits include meeting public expectations, improving hiring and business performance. Companies progress through five stages of CSR maturity from defensive to strategic to civil. While CSR faces arguments around profit dilution, it also provides benefits like improving public image and discouraging regulation. Companies adopt CSR through four approaches from legal compliance to activist stances.
Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
Corporate Social Responsibility - Importance and its Practice | INB480 SMIRifatul Sazal
The general definition of CSR and its importance form companies or brands perspective. And some few Brands who are practicing CSR in Bangladesh and abroad
Social responsibility is the awareness that business activities have an impact on society and the consideration of that impact by firms in decision-making. Visit this page http://bankofinfo.com/social-responsibility-of-business/
Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
Corporate Social Responsibility - Importance and its Practice | INB480 SMIRifatul Sazal
The general definition of CSR and its importance form companies or brands perspective. And some few Brands who are practicing CSR in Bangladesh and abroad
Social responsibility is the awareness that business activities have an impact on society and the consideration of that impact by firms in decision-making. Visit this page http://bankofinfo.com/social-responsibility-of-business/
Report- Impact of CSR on financial performance of the companyBindu Priya Pasham
A team of dedicated professionals from IIM Udaipur, Futurescape and Economic Times have worked on the CSR study of 2015 and has listed India’s top 100 companies for CSR in the year. The top 5 companies and the bottom top 4 companies of the list i.e. 95-99 companies will be considered. The financial data of those companies will be taken and ratios will be performed, so that we come to know whether CSR policy has benefited the companies financially or not.
Corporate Social Responsibility is a voluntary activity
undertaken by a company to operate in an economic,
social and environmentally sustainable matter.
CSR activities have been growing strong over the last
few years in the Middle East due to their advantages &
impact on employees, corporations as well as society.
Management’s only social responsibility is to maximize profits by operating the business in the best interests of the stockholders. WTO
Expending the firm’s resources on doing “social good” unjustifiably increases costs that lower profits to the owners and raises prices to consumers.
Report- Impact of CSR on financial performance of the companyBindu Priya Pasham
A team of dedicated professionals from IIM Udaipur, Futurescape and Economic Times have worked on the CSR study of 2015 and has listed India’s top 100 companies for CSR in the year. The top 5 companies and the bottom top 4 companies of the list i.e. 95-99 companies will be considered. The financial data of those companies will be taken and ratios will be performed, so that we come to know whether CSR policy has benefited the companies financially or not.
Corporate Social Responsibility is a voluntary activity
undertaken by a company to operate in an economic,
social and environmentally sustainable matter.
CSR activities have been growing strong over the last
few years in the Middle East due to their advantages &
impact on employees, corporations as well as society.
Management’s only social responsibility is to maximize profits by operating the business in the best interests of the stockholders. WTO
Expending the firm’s resources on doing “social good” unjustifiably increases costs that lower profits to the owners and raises prices to consumers.
Un accord relatif aux salaires a été signé le 5 décembre 2016 dans la CCN du commerce de gros des tissus, tapis et linge de maison (IDCC 1761).
L'accord fixe la grille des salaires minima conventionnels mensuels applicables depuis le 1er janvier 2017.
Pour les employés, les minimas varient de 1 485 euros pour le niveau I à 1 727 euros pour le niveau V.
Pour les agents de maîtrise de niveau I, le salaire minimal s'établit à 1 787 euros et 2 010 euros pour le niveau II.
Enfin, pour les cadres, les minimas varient de 2 741 euros pour le niveau I à 4 924 euros pour le niveau IV.
L'organisation patronale signataire de l'accord est la FENNTISS. Les syndicats de salariés signataires sont la CFTC/CSFV et la CGT FO.
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Changing dimensions of corporate social responsibility in indiaTapasya123
Corporate Social Responsibility is gradually moving from its historical focus on business
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
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3. Overview
Definition of CSR and Basic concept
Reasons of CSR
Stages of maturity
Should organizations be socially involved?
(Benefits and Drawbacks of CSR)
Different approaches CSR
4. Corporate social responsibility
Corporate Social Responsibility is a management
concept whereby companies integrate social and
environmental concerns in their business operations
and interactions with their stakeholders.
5. The concept of social responsibility has been described in
two different ways
1. Profit making only
2. Going beyond the profit making
This concept can be better understand when comparing this
with two similar concepts
Social obligation
Social responsiveness
6. SOCIAL OBLIGATION:
Is when a firm engages in social actions because of its
obligations to meet certain economic and legal
obligations.
The organization does what it’s obligated to do nothing
more.
This idea reflects the classical view of social
responsibility, which says that management’s only
social responsibility is to maximize profits.
7. Social responsiveness
Is when a company engages in social actions in
response to some popular social need. Managers are
guided by social norms and values and make practical,
market-oriented decisions about their actions.
8. Reasons for CSR
CSR activities are mostly expected by the public.
CSR activities help organizations to hire and retain the
people they want.
CSR activities contribute to business performance.
9. Five stages of maturity
1.DEFENSIVE
“It is not our responsibility”
2.COMPLIANCE
“We’ll do what we have to do”
3.MANAGERIAL
Embed the societal issue into core management
processes.
11. Should Organization Be Socially
Involved?
There are different arguments for and against the social
responsibility.
Arguments in favor of social involvement are
Public expectations
Stockholder interests
Long-run profits
Ethical obligation
Public image
Better environment
Discouragement of further governmental regulation
12. Arguments against of social responsibility
Violation of profit maximization
Dilution of purpose
Costs
Lack of skills
13. How Organizations go green
By the term green means that how much an organization is
socially responsible
There are FOUR DIFFERENT APPROACHES for the
organization to become dark green from light green.
1. Legal (light green) approach.
2. Market approach
3. Stakeholder approach
4. Activist (dark green approach)
14. 1. Legal (light green approach)
In this approach organizations simply do what is required
legally.
They obey laws, rules, and regulations without legal
challenge and that’s the extent of their being green
2. Market Approach
This approach is used by organization As they become more
sensitive to environmental issues, and respond to
environmental preferences of customers.
15. 3. Stakeholder approach
In this approach an organization works to meet the
environmental demands of multiple stakeholders such as
employees, suppliers, or community.
4. Activist (dark green approach)
it looks for ways to protect the earth’s natural resources.
The activist approach reflects the highest degree of
environmental sensitivity and illustrates social
responsibility.