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Corporate Social Responsibility Overview

Corporate social responsibility (CSR) means that businesses operate in a manner that is ethical and contributes to economic development and improving quality of life. While some argue that the only responsibility of businesses is to increase profits, CSR involves businesses operating responsibly with employees, communities, and society. CSR goes beyond legal and economic obligations and involves businesses making decisions and evaluating outcomes using ethical standards in addition to profitability.

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Venkatesh Jatla
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15 views14 pages

Corporate Social Responsibility Overview

Corporate social responsibility (CSR) means that businesses operate in a manner that is ethical and contributes to economic development and improving quality of life. While some argue that the only responsibility of businesses is to increase profits, CSR involves businesses operating responsibly with employees, communities, and society. CSR goes beyond legal and economic obligations and involves businesses making decisions and evaluating outcomes using ethical standards in addition to profitability.

Uploaded by

Venkatesh Jatla
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

CORPORATE SOCIAL

RESPONSIBILITY (CSR)
TERM MEANING

Corporate Social Responsibility (CSR)


means businesses and organizations
working responsibly and contributing
positively to the communities they
operate in. It involves working with
employees, their families, the local
community and society at large to
improve their quality of life.
CSR – IN DEBATE
Economist Milton Friedman.

Only One and only one social Responsibility of Business.

Use its resources and engage in activities designed to


Increase its profits.

No violation of Rules.

Engages in Open and Free Competition without Deception


or Fraud
CSR – Public Relations Ploy
1. To Legitimize The role of corporations

2. To Divert attention away from the destructive Social


Consequences of the Corporate activity.

[Link] of corporations as they are currently structured


to respond effectively to social Issues.

Businesses are Single Purpose Institutions, Conceived,


organized, and Managed Solely in order to engage in
Economic activity
CSR DEFINED

Economic And Legal Responsibilities of Business firms.

CSR – Responsibilities that go beyond the purely economic and


Legal Responsibilities of the Firm.

Selection of Corporate Goals and Evaluation of Outcomes not


solely by the criteria of Profitability and Organizational well-being
but by ethical standards or Judgments of Social Desirability.

CSR to be consistent with the Corporate objective of earning a


satisfactory Level of Profit , but it implies a willingness to forgo a
certain measure of profit in order to achieve non-economic ends.
CORPORATE RESPONSIBILITIES

INNER CIRCLE

INTERMEDIATE
CIRCLE

OUTER CIRCLE
SR - EXAMPLES

CAN YOU NAME A


FEW???????
BEYOND SOCIAL RESPONSIBILITY

Corporate Social Responsiveness.


(Not the Content) – Readiness to
Respond to social pressures.

Anticipate Social Issues and develop


policies, programs, and other means
of dealing with them.
Three Elements – Donna woods.

PRINCIPLE Of being Socially Responsible

PROCESS Of Social Responsiveness.

Socially Responsible OUTCOME - CSR


CLASSICAL VIEW – CORP.

Economic behavior is separate and Distinct from


other types of Behavior. Business Organizations
are distinct from other organizations even though
same individuals may be involved in Business and
Non – Business Affairs.

Primary Criteria – Economic Efficiency and Growth


in production of Goods and Services.

Primary Goal – Maximize Profit.


America is a Society of Large
Corporations, Whose Management is
in the Hands of a Few Thousand
Men.

WHO selected these men, if not to rule


over us, at least to exercise vast
authority and to whom are they
Responsible??
ARGUMENTS FOR SR
The Moral Minimum of The market.
[Link] within the “Rules of the Game”
– Open and Free Competition, “Without
Deception or Fraud”

[Link] Obey the Elementary Canons Of


Every Day Face-to-Face Civility.

3. Oblige to engage in Business without


Inflicting Injury to Others.
POWER AND RESPONSIBILITY

Corp.- Too Large and Powerful that they


are restrained by Market Forces and
[Link].

Self Imposed Restraints in the form of SR


necessary for corporate Activity to secure
Public Welfare.

Social Responsibility Arises from social


Power.
GIVING A HELPING HAND TO
GOVT.
The Urgency of the Need.

The Proximity of a Corporation to the need.

The Capability of a Corporation to respond


effectively.

The Likelihood that the need will not be


met unless a corporation acts.

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