An Investigation of Practicing Carroll’s Pyramid of Corporate Social Responsi...IOSR Journals
This study has been conducted to explore the present scenario of implementing corporate social responsibility in our garment industry by using Carroll’s (1991) pyramid. Garments sector is one of the most important sectors of industries in our country. Practicing CSR in this industry is very much necessary. This paper aims to investigate that what level of CSR activities are practiced by our garment industry. This study also identifies to what extend Carroll’s (1991) pyramid is understood by the corporate body of our garment industry. In this regard, we take interviews of 50 garments workers and top executives from the areas of Savar, Gazipur, Ashulia and Tongi. At the end of the study, we explore the implications of these findings and suggest actions to practice CSR properly in the Bangladesh garment industry.
Forms of business organizations _sole trader,partnership,joint ventures,advantages and Disadvantages of various forms of business,momorendom of certificate, partnership Deed ,public corporation and government company.
An Investigation of Practicing Carroll’s Pyramid of Corporate Social Responsi...IOSR Journals
This study has been conducted to explore the present scenario of implementing corporate social responsibility in our garment industry by using Carroll’s (1991) pyramid. Garments sector is one of the most important sectors of industries in our country. Practicing CSR in this industry is very much necessary. This paper aims to investigate that what level of CSR activities are practiced by our garment industry. This study also identifies to what extend Carroll’s (1991) pyramid is understood by the corporate body of our garment industry. In this regard, we take interviews of 50 garments workers and top executives from the areas of Savar, Gazipur, Ashulia and Tongi. At the end of the study, we explore the implications of these findings and suggest actions to practice CSR properly in the Bangladesh garment industry.
Forms of business organizations _sole trader,partnership,joint ventures,advantages and Disadvantages of various forms of business,momorendom of certificate, partnership Deed ,public corporation and government company.
CSR is a process by which an organization thinks about and evolves its relationships with stakeholders for the common good and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is no charity or mere donations.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
Business: Meaning, Nature, Objectives, Social Responsibility of Business, Essentials of Successful business, Functional Areas of Business, Concept of Business Organization.
CSR is a process by which an organization thinks about and evolves its relationships with stakeholders for the common good and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is no charity or mere donations.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
Business: Meaning, Nature, Objectives, Social Responsibility of Business, Essentials of Successful business, Functional Areas of Business, Concept of Business Organization.
2. Social Responsibility of business refers to what the
business does, over and above statutory requirement,
for the benefit of the society.
Corporate Social Responsibility (CSR) refers to the
moral responsibility of the business to the society by
the virtue of being a part of the society.
5. The prime purpose of the business was profit
maximization- Milton Friedman “ the business of
business is business.”
Friedman argues that the profit earned by
business belongs exclusively to the
shareholders of the business and these profit
cannot be diverted to any other social purpose.-
social obligation
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6. He argued that when management decide to
spend the organization’s resources for ‘social
good’, they add to the costs if doing business,
which have to be passed on to the consumers
through higher prices or absorbed by
stockholders through smaller dividend.
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7. ‘Moral behavior pays…..at least in the long run.’
According to this view business is a social and
economic institution which can not live in isolation.
The establishment and development of business
depends upon the contribution made by the society.
This socioeconomic view says that managers'’
social responsibility go beyond making profit to
include protecting and improving society’s welfare .
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8. Social responsiveness means that a company
engages in social actions in response to some
popular social need.
Social responsibility means a business’s
intention, beyond its legal and economic
obligation, to for the right things and act in ways
that are good for society.
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9. It has been widely recognized that customer
satisfaction shall be the key to satisfying the
organizational goal.
To understand needs and wants of the
customers.
To improve the efficiency of functioning of
business so as to ….
Increase productivity
Reduce prices
Improve quality and services
Smoothen the distribution system
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10. To supply goods at reasonable price.
To provide required after sale services.
To ensure product has no adverse effects on
consumers.
To avoid misleading customers by improper
advertisement.
To provide sufficient information about
product
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11. The successful organization depends to a very large
extent on the morale of the employees.
The payment of fair wages
The provision of best possible working conditions
The establishment of fair work standards and norms
The provision of labour welfare facility.
Arrangement for proper training and education of
the worker.
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12. Reasonable and proper chance for promotion
Proper recognition, appreciation and
encouragement of skills.
The installation of efficient grievance handling
system.
An opportunity for participation in a
management decision.
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13. A fair and responsible return on the capital
invested by them
A part in profit or bonus payment scheme
Political and economical security for investment
through stable govt. law
Knowledge about the working of a n enterprise.
Fair amount of dividend or retained earnings.
Voting rights
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14. The social responsibility of business include a healthy
cooperative business relationship between diff.
businesses.
Prevention of unfair and unethical competition and unfair
interference in the rival’s business.
Not to spread false rumors about rival’s product.
Not to show unethical advertisement.
Not to create artificial scarcity.
Businessman should adopt better designs, good
advertisements, quick and safe delivery with after sale
services, reasonable prices.
15. It will be a law abiding citizen.
It will pay its dues and taxes other state fully and honestly.
It will not purchase political support by unfair means;
It will sell his goods, commodities and services without
adulteration at fair and reasonable prices, and
It will maintain fair trade practices and refrain from activities
like restraint of trade
16. Major areas where business can and does contribute towards
community welfare
Taking appropriate steps to prevent environmental pollution
and preserve ecological balance.
Rehabilitation of population disabled by the business.
Assisting in over all development of locality.
Taking steps to conserve scarce resources
Improving the efficiency of business operation.
Contributing to R&D
Development of backward areas
