Assignment criteria • CSR (Corporate Social Responsibilities) • CSR practices in Bangladesh. • CSR in Banking sector ( Education , Health care, Social development) • Principals of CSR • Advantages of CSR • Disadvantages of CSR + ` Corporate Social Responsibilities Corporate Social Responsibilities simply means business giving back to the society. Corporate social responsibility is the commitment of business to contribute to sustainable economic growth,
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The Social Responsibility of Business: A Review. Maz Demosthenous School of Commerce The Flinders University of South Australia GPO Box 2100 Adelaide South Australia 5001 Telephone: +61 8 82013896 Facsimile: +61 8 82012644 Email: Maz.Demosthenous@flinders.edu.au SCHOOL OF COMMERCE RESEARCH PAPER SERIES: 00-8 ISSN: 1441-3906 For many, the view that the main goal or purpose of business is to make as much money as possible is accepted as a matter of fact and is beyond debate
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The Consequences of Mandatory Corporate Sustainability Reporting Ioannis Ioannou London Business School George Serafeim Harvard Business School Abstract We examine the effect of mandatory sustainability reporting on several measures of socially responsible management practices. Using data for 58 countries, we show that after the adoption of mandatory sustainability reporting laws and regulations, the social responsibility of business leaders increases. We also document that both sustainable
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Change the Title Corporate Social Responsibility Business organizations in a capitalist economy operate in a fiercely competitive environment. What they believe to be the aims of a capitalist corporation and what they consider to be their duty is defined by two major norms. The “free market” theory claims that the job of any free organization is to maximize profit with a view to the shareholders benefits. In almost direct contradiction, the concept of social responsibility in organizations
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HR and sustainability: An odd couple? By Marc Gunther Published March 20, 2013 This Q-and-A with Andrew Savitz explores how the human resources department can be a powerful tool for corporate sustainablity programs. Savitz is the author of a new book called "Talent, Transformation and the Triple Bottom Line: How Companies Can Leverage Human Resources to Achieve Sustainable Growth" (Wiley 2013). As you can guess from the title, Savitz argues that employees are the key to creating sustainable
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Ethics and Social Responsibility “The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.” (Wheelen & Hunger, 2010 p.72) Social responsibility considers the customers, employees, shareholders, communities, interests and social- environmental consequences of their business activities. A strategic approach, companies can determine activities to devote to being socially responsible and choose activities which
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Definition Corporate social responsibility (CSR) is the initiative and actions of companies to assess, take responsibility and be accountable for their economic, social, legal, ethical and environmental impact and as well as their relationships with all stakeholders. CSR can take the form of environmental, community based, human resourced based and philanthropy. Who and what are affected by the actions of Organisations? Stakeholders are individuals and groups that are affected by an organisation’s
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THE LAST WORD PRASAD KAIPA NAVI RADJOU | CEO ADVISOR AND COACH | FELLOW | JUDGE BUSINESS SCHOOL, UNIVERSITY OF CAMBRIDGE “Companies mustshut down theirCSR departments” They should instead focus on re-engineering value chains to bring sustainability in their business models, Kaipa and Radjou tell Rohit Nautiyal DALIP KUMAR away with the CSR department by rolling sustainability in the firm’s business model. New KPIs (key performance indicators) were introduced so senior managers could
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what you have read” ‘Corporate Social Responsibility’, abbreviated to CSR, is the concept that businesses have a social responsibility towards society that encompasses economic, legal, ethical and discretionary expectations. It goes on to highlight how a company can be deemed a ‘corporate citizen’ only if they fulfill the economic, legal, ethical and philanthropic expectations of their stakeholders, and involves corporate social responsiveness (the methods of achieving social issue objectives) as
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CSR 5 3.5 The Evolution of CSR 5-7 3.6 Carroll’s 4 Components Pyramid CSR 7 3.7.1 Philanthropic Responsibility 7-8 3.7.2 Economic Responsibility 8 3.7.3 Legal Responsibility 8-9 3.7.4 Ethical Responsibility 9 3.7 CSR in Malaysia 9-11 3.8 Business Benefits in CSR 11 3.9.5 It protects the company’s brand
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