research papers are devoted to the relationship between Corporate Social Responsibility and a given company ’s financial result. CSR has been identified as the duty of organizations to be responsible for their environment and for their stakeholders‚ in a way that takes into account not only financial aspects (Go ̈ ssling and Vocht‚ 2007). A particularly broad definition of CSR was presented at the World Business Council for Sustainable Development: ‘‘Corporate Social Responsibility is the continuing
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Importance of CSR in Inclusive Development Adit Grover Abstract Corporates are aware of the importance of CSR in the present scenario‚ but are not aware of the right kind of CSR activities which would lead to creating an impact in the lives of the people and capacity building. This study will try to bring out the importance of CSR activities to the corporates (Cause Related Marketing) and the role which it can play in brand enhancement. The focus would not only be on impacting lives of the
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Assignment on Corporate Social Responsibility at Indian Tobacco Company Submitted By: Niladri Dutta (17) Debanjan Bhattacharyya (19) Shree Shreast (32) K Madhu (30) Rashi Singh (43) CSR at ITC Abstract The paper analyzes CSR activities of ITC ltd. (100th year) through strategic lens.ITC Limited (BSE: 500875) is a conglomerate with headquarters in Kolkata (India)‚ having turnover of Rs.26‚ 259 crores‚ pretax profits Rs.6015 crores‚ has initiated a number of corporate social
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The Centre for Society & Religion (CSR) marks the 40th year of its existence in 2011. Begun in 1971 amidst and in response to socio-political upheavals and the radically new thinking emanating from the Second Vatican Council‚ the Centre has continued to blaze a trail in taking up the cause of victimized and marginalized sections of the society. As it was then‚ the CSR in our times too finds itself in the midst of anti-people developments and trends. As the CSR reaches its 40th year‚ it is opportune
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of Corporate Social Responsibility‚ or CSR‚ believes that everything cannot be left up to the market. The market exists to make profits at all costs. So‚ there needs to be a mechanism in place where social causes and the environment are taken care of. In the age of social media‚ watchdog groups and the green movement‚ businesses and corporations have become extremely transparent. There are‚ and have been‚ superficial attempts by businesses to employ CSR as a way of mitigating the terrible effects
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suggested that CSR activities are increasing strategic in that it affects that core business of the firm and its growth‚ profitability and survival? Drawing on an example of a corporation/company (National/ International)‚ discuss this in the context of business strategies‚ in particular on the issues of competitive advantage and firm performance. Introduction In this essay‚ we will discuss why organizations began CSR and how it is or can be or why should it be implemented. CSR usually get started
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Nike CSR Corporate social responsibility can be defined as the "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organisations at a given point in time" (Carroll and Buchholtz 2003‚ p. 36). The concept of corporate social responsibility means that organizations have moral‚ ethical‚ and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its
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Corporate Social Responsibility Definition 2 What is CSR? a form of corporate self-regulation integrated into a business model process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment‚ consumers‚ employees‚ communities‚ stakeholders and all other members of the public sphere to aid an organization’s mission as well as a guide to what the company stands for 3 a titled What is sustainable
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What is CSR? Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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(a) Discuss on the importance of corporate social responsibility to business organisations. (20marks) The CSR activities will bring some benefits. Firstly‚ it would enhance the organization’s credibility and reputation. As for risk management‚ modern organizations implement risk management strategies to decrease or even eliminate the risk posed on the organization by a variety of practices associated to several potential threats. Organizations that have made strong efforts over the years
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