Corporate Social Responsibility Of Tech Mahindra Foundation Essay

In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many

Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.

Corporate Social Responsibility is a philosophy that relates to a business being a part of the society, so acts in a way that not only advances its own firm but also serves the society as well. Good ethics is the cornerstone of sustainable development. In the long run, unethical behavior may harm customers and the society as a whole. Furthermore, it damages a company’s image, efficiency and effectiveness in operations. In some extreme cases, it may jeopardize the company’s survival. As a matter of fact, the behavior of a firm will be judged by the groups of the society. Their judgments and responses will have an impact on the performance of the

The author tries to find out whether making CSR a mandatory requirement for the companies as a social responsibility will help in the upliftment of the society. CSR models previously were voluntary actions taken up by the corporations but the new CSR norms mandate this responsibility. The country is now moving towards MANDATORY, NOT VOLUNTARY CSR regimes. This Article begins with the origin of CSR during the Earth Summit in early 90’s and then its scenario in the Indian corporate sector. Some of the examples of volunteer CSR activities showcased the sincere efforts taken by certain major tycoons of Indian corporate sector and now after India being the first country to mandate CSR in the Companies Act will be a boon for social upliftment or not. According to the author, working for the undeveloped communities for the country is a work that required moral values within an individual or a corporate, making it mandatory will only add more confusions and an opportunity to tainted companies to go smooth in the eyes of law by means of corruption or extortion in the system. Moreover, penalizing only if reason not displayed by the Board in their Annual Report will not be the solution to the problem. This article will seek an understanding whether mandating CSR will be a boon to social upliftment or not and concludes by suggesting certain rewards or tax benefits for

The organization’s strategy plan for any gaps in social responsibility that might be potential risks to internal and external stakeholders is challenging, but this company certainly does not allow for corruption. On April 1 “India has become the only country in the world with legislated corporate social responsibility (CSR) and a spending threshold of up to $2.5 billion (Rs 15,000

Company Q is a small grocery store chain who has struggled to maintain social responsibility. The company decided to close down two of their stores which were operating at a loss due to being located in high crime areas. In the existing stores, Company Q has answered to the demands of their customers by offering a limited amount of health-conscious and organic products, but has declined to help out the community by throwing out day-old foods instead of donating them to the local food bank. The decision to throw out the day-old foods was brought on by lost revenue due to possible employee theft and fraud.

Corporate social responsibility is not going to solve the world’s problems. With that being said, corporate social responsibility is a way for companies to benefit themselves while also benefiting society. It allows companies to take small steps to make big differences in areas of need. Some may say that it is a bunch of “greenwashing” – the deceptive use of green marketing that promotes a misleading perception that a company’s policies, practices, products or services are environmentally friendly – but there is a call to action that inspires a company to get involved in the community (Kewalramani, Sobelsohn).

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

According to World Business Council for Sustainable Development, “Corporate social responsibility is the continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large”. A social responsible company may be defined as a company which integrates and takes in active parts the social and environmental concerns of one’s community and society. Acting in a socially responsible manner is more then just an ethical duty for a company nowadays, it is something that essentially has long term interest in both the company and the community. The motive is to produce economic value for the company but as well for the society as

Everywhere you look, all around the world, there are corporations, businesses, and companies. You can hear about them through all different types of advertisements and news outlets. It seems as if we are always helping companies by supporting them. We buy their products and promote their business. One question a lot of people wonder are “How are companies giving back”? These businesses do this in many ways. This is called Social Responsibility (Schiffman & Kanuk, 2010). This is the corporation’s obligation to give back to the society in a positive way (Schiffman & Kanuk, 2010).

Corporate social responsibility can simply be identified as a duty, which is not a legal obligation lately, under very much consideration by every multinationals, as well as the growing firm. The ongoing concern is meant to increase the awareness between the business Individuals, to implement and draw line which should clearly indicates that what social obligation an organization has towards the society.(Caroll,1970) (Caroll, Archie, B.(1991). The pyramid of corporate social responsibility is towards the moral management of organization stakeholder.

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

Social responsibility (CRS), corporate social responsibility is one of the most significant facets of a company because it is their duty, their actions, their strategic plan that is engrafted into their culture or their business model that will cause an impingement on the decisions and the activities on society (Lussier & Sherman, 2013). Social responsibility is an act that helps corporations like ITC monitor the public, consumers, community and their employee’s responsibility. Therefore, according to ITC Ltd, they CRS policy articulate a strategic content, far beyond financial profits, but to produce game-changing programs that generate livelihood, creations and environmental replenishment as their normal conduct into their strategic business plan (About ITC, 2017). Social responsibility develops a positive relationship with the employees, and society, which makes people proud to be part of that organization. Even though ITC’s profit is one of the contributing factors in India’s economy; ITC tries to keep their stakeholders, customers, and employees in mine, as they strive to do their best to integrate the importance of corporate responsibility while implementing ethical and moral decisions.

While it is important for a company to make a profit, a business also has a responsibility to help better the community, this is referred to as a company’s Corporate Social Responsibility (CSR). Some elements of CSR that corporations focus on are sustainability, community service, and consumer affairs. A company’s CSR is featured on its website, however, some corporations fail at following through with their social and environmental responsibilities. For example, Gazprom, a Russian company focused on exploring new ways to use natural gas, plays a large role in the destruction of many natural environments. Gazprom was founded in 1989 and it is headquartered in Moscow, Russia. Gazprom’s website highlights many charitable acts done by the company, but it does not mention much of what the company has done in terms of the environment. This is because Gazprom is notorious for being environmentally unfriendly. Not only is Gazprom unconcerned with the environment, the company also abuses its strong market power and charges unfair prices to customers.

This is essay will focus on analyzing how corporate social responsibility (CSR) influences the investor relations of a corporation and whether it is good for the society, using Gasland and FrackNation as examples. In the contemporary society, CSR sounds like a commendatory term for the society. Over decades, it seems like that both the public and the media are trying to encourage corporations to behave more responsibly, and corporations are gradually becoming more socially aware in the contemporary society because they know they cannot afford the consequence of ignoring it. (Bernstein, 2009:606) However, CSR is not always beneficial. One of the major practices of public relations is investor relations, because the concerns of a corporation’s investors can directly relate to its welfare. When the corporations paid more attention on CSR, their investors will inevitably somehow feel ignored. As a public which has real material input to the corporations, investors are seeking for future returns, they want to be treated specially by the corporations that they invest. Also, value too much about CSR can make corporations become the victim of being morally hijacked, which may harm both a corporation’s financial success and the whole society’s harmony.