The document summarizes the evolution of corporate social responsibility (CSR) from version 1.0 to the need for version 2.0. It argues that CSR 1.0 has failed to meet the speed and scale required to address issues like poverty and environmental degradation. CSR 2.0 would involve greater stakeholder involvement, transparency, and a shift to more decentralized and collaborative approaches. It outlines five principles for CSR 2.0: connectedness, scalability, responsiveness, duality, and circularity. The goal of businesses should be reoriented from profit to making positive contributions to society in a sustainable way.
Corporate Social Responsibility and its alignment with Business needs and Soc...Rupak Ghosh
Ministry of Corporate affairs is encouraging the companies to have some CSR activities. The companies are taking some Social Welfare activities to show that they have CSR activities. However a proper CSR policy should not merely some social welfare activities but a holistic responsibility of business organization towards its shareholders, employees, consumers, related communities and environment however it’s sometime neglected. Companies may have sound HR, Marketing, Operation policies etc. but somehow they are confused regarding their CSR policies. They are sometime depending on some social welfare organizations who have very limited knowledge toward the need and responsibility of business organizations. Unoptimized CSR Activities is not creating any value addition to the company as well as to the society in true sense. A proper structure for CSR policy is required to be developed so that companies can exercise its responsibility towards 3P’s (Profit, People and planet) effectively.
This study is done by combining primary data with secondary data related to CSR Activity of some major companies, in order to move forward in designing road map for future CSR activities.
CSR Activities of Companies having manufacturing Infrastructure like SAIL, Indian Oil, Power Sectors like NTPC, Adani Power, Tata Power etc. focused on defensive CSR Activities such as, Activities related to Environment, Care and Development of local community. Companies of Service Sector like Banking Sector like SBI, IDBI, HDFC etc are not focused to any fixed area.
Despite of some limitations the study addressed a scientific approach in this aspect.
A look at Nike's approach to Corporate Social Responsibility as a Crisis Management Tool. This case study is designed to draw attention to the ethical quagmire that is CSR. Particularly the arguements that it looks good on paper but not in reality. It will also look at some theoretical approaches to divising a CSR strategy.
This isn't an attack on Nike, but is looking at the reports against the company and their "reported" responses as food for thought.
Corporate Social Responsibility and its alignment with Business needs and Soc...Rupak Ghosh
Ministry of Corporate affairs is encouraging the companies to have some CSR activities. The companies are taking some Social Welfare activities to show that they have CSR activities. However a proper CSR policy should not merely some social welfare activities but a holistic responsibility of business organization towards its shareholders, employees, consumers, related communities and environment however it’s sometime neglected. Companies may have sound HR, Marketing, Operation policies etc. but somehow they are confused regarding their CSR policies. They are sometime depending on some social welfare organizations who have very limited knowledge toward the need and responsibility of business organizations. Unoptimized CSR Activities is not creating any value addition to the company as well as to the society in true sense. A proper structure for CSR policy is required to be developed so that companies can exercise its responsibility towards 3P’s (Profit, People and planet) effectively.
This study is done by combining primary data with secondary data related to CSR Activity of some major companies, in order to move forward in designing road map for future CSR activities.
CSR Activities of Companies having manufacturing Infrastructure like SAIL, Indian Oil, Power Sectors like NTPC, Adani Power, Tata Power etc. focused on defensive CSR Activities such as, Activities related to Environment, Care and Development of local community. Companies of Service Sector like Banking Sector like SBI, IDBI, HDFC etc are not focused to any fixed area.
Despite of some limitations the study addressed a scientific approach in this aspect.
A look at Nike's approach to Corporate Social Responsibility as a Crisis Management Tool. This case study is designed to draw attention to the ethical quagmire that is CSR. Particularly the arguements that it looks good on paper but not in reality. It will also look at some theoretical approaches to divising a CSR strategy.
This isn't an attack on Nike, but is looking at the reports against the company and their "reported" responses as food for thought.
current scenario of corporate social responsibility and methods to bring back values back to CSR from research paper by by Chris MacDonald & Alexei Marcoux from Business Ethics Journal Review
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
CSR
The concept of corporate social responsibility (CSR) has since the mid-1990s, gained renewed force in public and political debates, about the social responsibility of firms following the advent of transnational trade and the growth of multinational corporations (MNC).[1] This rekindled interest in CSR and its relevance can be attributed to the effect of globalisation, which introduces a more complex economic paradigm
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
An introduction to the cryptocurrency investment platform Binance Savings.
Summary of the research paper evolution and revolution of csr by wayne visser
1. Summary of Evolution and Revolution of CSR
(By Wayne Visser)
NAME: Warda Khawar
ROLL NUMBER: 048
CLASS: MBO-3
SUBMITTED TO: Sir Uzair Farooq
SUBMITTED ON: 17th May , 2012
COMSATS Institute of Information and Technology , Lahore
2. The introduction of the paper starts with a brief introduction of the rise and fall of CSR. It
states that CSR is not a new concept rather it is being practiced under different names by
different people. The modern concept evolved in 1800 but it was with a book called "the
Social Responsibilities of a businessman" in 1950 that it gained popularity. Over the time
different people have defined it and so many different definition of CSR exist today.
However, the 1st generally accepted definition was given in 1970 by Archie Caroll who
focused on the economic, legal, ethical and philanthropic responsibilities. Many different
standards and CG codes are now in practice.
The writer states that having a look at a broader picture, CSR has failed on the entire four
dimension mentioned above and has presented some facts and figures. The CSR is declining
and we all should accept the fact that the old concept of CSR and the old CSR practices are
no longer viable.
Now that the CSR is failed, what are the reasons of its failure or what basically caused it. The
3 reasons for the failure are as follows:
Though the international standards are being adopted which require continuous
improvement and the companies are in fact adopting them. The CSR and the solutions
to the concerns and problems are still not meeting the required speed and scale. There
should be an incremental CSR that matches the pace of the evils like poverty,
environmental degradation, sustainability crisis and other such concerns.
CSR in the organization lack the top management commitment. This is because the
top management focuses more on the interests of the shareholders. Moreover, it is
regarded as a secondary function and not as a way of doing the business. Just a CSR
department or a CSR manager is appointed for the purpose.
CSR is regarded as uneconomic by many CEOs. A little number of the CSR activities
may pay the company back positively in a shorter span of time. But it is something
that is long-term oriented. And the CEOs wonder if the CSR pays back at all.
Moreover this is uneconomic for the companies to fulfill their social responsibility as
the financial markets do not regard and appreciate it up till now.
The paper states that we should come out of the illusion that CSR is good and effective and
should accept the fact that CSR's first phase (CSR 1.0) is over. We should move on towards
the next generation of CSR like the web 1.0 has moved to web 2.0. Just like Web 2.0 is more
collaborative, CSR 2.0 should also be more interactive and stakeholder driven (not just
stockholder driven). Two tables are presented, one relating Web 1.0 to CSR 1.0 and the other
relating Web 2.0 to CSR 2.0. This is done to show how the new CSR can come into existence
following the route taken by web. CSR 2.0 should have the following:
Stakeholder involvement, panels and innovative partnership
Transparent reporting
Shift of power from centralized to decentralized
3. CSR 2.0 should stand on five pillars or the five principles which are mentioned below:
Connectedness: Companies should move towards being more connected to all the
stakeholders than to the shareholders only, pursuing the collective interest and
taking care of the concerns of all.
Scalability: CSR should move towards being a massive scale effort than to being
mere pilot projects that do not match the scale and urgency of the problems like
poverty and climate change.
Responsiveness: Companies should be responsive to stakeholders' concerns in an
entirely new way. There should be an analysis as to whether a company is a part
of a problem or a solution and the responsiveness should be directed accordingly.
Moreover this unique responsiveness requires more transparency regarding their
reporting and the methods used for dealing with wastes, pollution, global warming
and other such issues.
Duality: Duality requires the companies to come out of their 'either this or that'
thinking. Rather companies should adopt more of an 'and/both thinking'. This
means that a company is following the international standards as well as being
responsive to the local requirements. They are culturally responsive without
ignoring the universal principles.
Circularity: This principle states that the companies should realize the
importance of recycling and the product sales economy should now become a
service lease economy. By doing this a product after being used by the consumers
will be returned to the company, recycled and used for making a new company.
Moreover a company should deal with its own wastes, should start making
products of the wastes after recycling processing and should also groom its human
and social capital by every mean.
When CSR 2.0 will be in place the companies will not work for the defense of their
reputation. Rather they will adopt CSR as a way of doing business. CSR 2.0 will become the
part of the operations of a business, performance appraisals, and the market incentive
systems. CSR indexes will move towards CSR rating systems (Like credit Rating) which will
be used to for decision making and the analysis.
In CSR 2.0, the new DNA of a business (as the writer names it) focuses on the new
interpretation of CSR as the "Corporate Sustainability and Responsibility". "Sustainability"
should be the ultimate objective of the new "CSR 2.0 businesses" and the "Responsibilities"
should be a roadmap to that sustainability. A Double-Helix Model is also presented in the
paper to gain a better understanding of this new interpretation of CSR.
Having said all that was mentioned in the paper, what should be the purpose of the business
now? Clearly it shouldn’t be making profit rather there should be the reorientation of the
business to make positive contributions to the society in a productive way. CSR should
become more of a way of doing the business now. A new responsible and sustainable
business model should be adopted by the companies that contributes in making the world a
better place and hence very easy by the means of conducting the business.