Csr Issues And Challenges Essay

2181 words - 9 pages

Corporate Social Responsibility –
Issues and Challenges with reference to Bhopal city.

Ms Charu Modi Ms Ankita Rajdev Ms Meenal Pathak
Assistant Professor Assistant Professor Assistant Professor
JSSGIW – FOM JSSGIW – FOM JSSGIW – FOM
08871312197 09893299224 09989773177


Abstract
Corporate Social Responsibility is the term used to define organisation’s commitment to the society and the environment within which it operates. Corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators ...view middle of the document...

Keywords: Social Responsibility, CSR, Issues and Challenges

Introduction

“Corporate Social Responsibility is a concept whereby Companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders on a voluntary basis”.
Some perceive it to be a commitment of a company to manage its various roles in society, as producer, employer, customer and citizen in a responsible manner while for others it is synonymous to Corporate Responsibility (CR) or Corporate Citizenship or Social Action Programme (SAP). Many of the leading corporations across India had realized the importance of being associated with socially relevant causes as a means of promoting their brands. Cause-related marketing and corporate social responsibility has provided companies with a new tool to compete in the market. CSR refers to the corporation’s obligation to all the stakeholders. It stems from the desire to do well and get self satisfaction in return as well as societal obligation of business. This could be a strategic marketing activity a way for a company to do well by doing good-distinct from sales promotion, corporate philanthropy, corporate sponsorship, corporate Samaritan acts and public relations. Now, it is assumed to be responsibility of the business houses too. An insight into the history of CSR reveals that till 1990s it was solely dominated by the idea of philanthropy. Considering CSR
as an act of philanthropy, businesses often restricted themselves to one time financial grant and did not commit their resources for such projects. Moreover, businesses never kept the stakeholder in mind while planning for such initiatives, thereby reducing the efficacy and efficiency of CSR initiatives. However,
over the last few years, the concept of CSR has been changing. There has been an apparent transition from giving as an obligation or charity to giving as a strategy or responsibility. Review of the case studies and work done on CSR by companies in India suggests that the CSR is slowly moving away from charity
and dependence and starting to build on empowerment and partnership.

Overview of issues
* General business ethics
* Ethics of accounting information
* Ethics of human resource management
* Ethics of sales and marketing
* Ethics of production
* Ethics of intellectual property, knowledge and skills

Benefits of adopting a policy of social responsibility:
* Improved financial performance;
* Lower operating costs;
* Product safety and quality.
* Greater use of renewable resources;
* Access to capital;
* Workforce diversity;
* Employee volunteer programmes;
* Better product durability and functionality;
* Enhanced brand image and reputation;
* Increased sales and customer loyalty;
* Greater productivity and quality;
* More ability to attract and retain employees;
* Reduced regulatory oversight;
* Product safety...

Other Papers Like Csr-Issues And Challenges

A Study of Corporate Social Responsibility in Indian Organization: an-Introspection

3965 words - 16 pages : * To study the CSR status in India. * To understand the meaning and various models of CSR. * To study the policies governing CSR in India. * To study the challenges faced by CSR in India. * To make suggestions for accelerating CSR initiatives. * To conduct inter-disciplinary and collaborative research and document case studies in thrust areas of CSR dealing with contemporary issues and challenges. * To

Corporate Social Responsibility in Tourism Dong’ao Island Case

3962 words - 16 pages America demonstrated a high level of CSR among the sample of 274 businesses. While in the implementation of CSR activities, environmental rather than sociocultural actions were favored because the former is easier to implement (Sheldon and Park, 2011). For measurement issues, many researchers examined the direct relationship between CSR and tourism corporate’s performance. Challenges ahead of those researches are how to observe and hence attribute

Sasung Management

795 words - 4 pages November 2011 Copyright 2011 Sony Corporation CSR Report 2011 detailed version Employee Participation (Updated on August 31, 2011) Sony believes that employee participation is crucial to ensuring its social contribution activities are truly meaningful. Accordingly, Sony encourages employees to be aware of social issues, strive constantly to deepen their understanding and then to participate in fundraising initiatives, community

Corporate social responsibility

577 words - 3 pages practice is getting more and more awareness by the public. People believes business have the power to bring positive impact to social and environment. Therefore, the term of CSR is promoted since 1970s. CSR is encouraging the business to integrate the social and environmental impact into the processes of business. It is about finding creative and value-added solution to social and environmental challenges. All in all, it is about finding a

Corporate Social Responsibilities Activities: a Competitive Advantage in the Perception of Consumers of Tacloban City

1020 words - 5 pages voluntarily in previous years. Most companies were only surprised by public responses to issues they had not previously thought were part of their business responsibilities. In fact, the undertaking of CSR has been through many evolutions in its concept and application because of the environmental activism as well as government regulations. Socio-civic organizations of all kinds have been more aggressive and effective in bringing public pressure

Corporate Social Responsibilty

2228 words - 9 pages viewed as a good thing by most companies. Challenges lie in allocating time and resources necessary to develop a CSR approach that meets governmental and social standards and achieves compliance with informal CSR guidelines related to social and environmental responsibility. Role of Profit One of the biggest features addressed by CSR is its intent to cause companies to recognize responsibilities to stakeholders outside of shareholders. This

Corporate Social Responsibility

1078 words - 5 pages to as they say “build the better future”. But are their corporate social responsibility statements effective ways of ensuring that multinational entities act ethically? From my point of viewview, CSR statements do not ensure that practices of companies obey the rules of business ethics and I am going to present a few arguments for. Corporate Social Responsibility is fairly recent termterm and maybe that is why there is no consistent definition

Csr in Icici Bank

1785 words - 8 pages externalities. The social expectation that businesses should proactively take care of the broader society and environment has increased in the last few decades. Businesses have responded to this pressure with a set of activities given the generic name of Corporate Social Responsibility (CSR). Business firms engage with stakeholders on a wide range of issues by means of CSR. CSR activities seemingly addressing each and every social problem were neither

Corporate Social Responsibilty

293 words - 2 pages . He points to industrialists such as John H. Patterson of National Cash Register as one executive instrumental in setting the course for the industrial welfare movement. We can perceive the evidence of CSR practice mostly in developed countries, which might be initiated in the United States and conspicuously engaged and extended as concerning formal business organisational norms in Europe. However, nowadays, an escalating awareness to CSR policies and practices is noticeable in countries in Asia. Corporate Social Responsibility (CSR): In the past several decades, however, issues defining CSR has extended and stimulated concerning firm’s... View Full Essay

Accounting

4528 words - 19 pages current literatures even though the management of CSR has become a significantly important problems to companies. Also, business faces many challenges and risks when managing and controlling the codes of conduct in global supply chains. For instance, organizations should have relatively active commitment as the primary incentive to implement those codes, however in reality, not every player in the chain have the incentive to apply the CSR rules and

Business

6235 words - 25 pages invest in it. Sustainability practices are optional and it is a question begging for an answer; why do some companies invest in it and while the others do not? Does it pay to be green or good? All these questions have been investigated and tried to be answered by the researchers. Issues related with CSR greatly attracted the attention of academicians and managers and the relationship between CSR and firm financial performance was empirically

Related Essays

Challenges And Security Issues Essay

1245 words - 5 pages Unit 5 IP – Challenges and Security Issues American InterContinental University Abstract In this assignment, review of three different case studies will be discussed. Topics will include when an antivirus software cripples your computer, determining how secure cloud computing is, and electronic medical records systems. After the review of each case study, a set of questions will be answered to provide details on each study as to what was

Alm Issues And Challenges Essay

4846 words - 20 pages ASCI JOURNAL OF MANAGEMENT 29(1). 39-48 Copyright ? 1999 - Administrative Staff College of India. R. VAIDYANATHAN Asset-liability management: Issues and trends in Indian context This paper discusses issues in asset-liability management and elaborates on various categories of risk that require to be managed. It examines strategies for asset-liability management from the asset side as well as the liability side, particularly in the Indian

Business Ethics Essay

768 words - 4 pages and ethical issues and implied the CSR has failed. Three factors are followed to explain “The Failure of CSR”. And then, contrasting and explaining CSR 1.0 and CSR 2.0 respectively, in the “Embracing the Future” section, five principles that make up the DNA of CSR 2.0 are detailed analyzed. After shifting from CSR 1.0 to CSR 2.0 in both principles and practices, a logical conclusion is pushed that a new model of CSR is needed to meet new

New Balance Case Study

1864 words - 8 pages , safety and product stewardship. Increased chemical regulation meant that companies had a greater responsibility to assess environmental, health and safety impacts of their product ingredients and to identify safer alternatives for manufacturing. These above mentioned issues for the industry required a process for New-Balance Company to work towards addressing these challenges and also identifying new opportunities for business growth and meeting