Академический Документы
Профессиональный Документы
Культура Документы
By:
Sikander Kushwaha
Sitakant Behra
Sudhir Kr. Pandey
Sushil Bandict Lakra
12/07/21 Xidas, Jabalpur 1
History
• After 1960 word CSR has been wide used.
• In the eighteenth century Adam Smith expressed the
traditional or classical economic model of business. His
model suggest that the needs and desires of society could
best be met by the unfettered interaction of individuals
and organizations in the marketplace.
• However, even Smith recognized that the free market did
not always perform perfectly and he stated that
marketplace participants must act honestly and justly
toward each other if the ideals of the free market are to be
achieved.
• Mallin (2007)* defines CSR as voluntary actions that a company may take
in relation to the management of social, environmental and ethical issues.
Mallin (2007) quoting Carroll (1979)# expounds on CSR by explaining
that the business has a responsibility to produce goods that it sells at a
profit, to abide by legal requirements, to do what is right and fair and to do
what might be desired of companies in terms of supporting the local
community and making charitable donations.
• Economic considerations
• Ethical considerations
• Innovation and learning
• Employee motivation
• Risk management or risk reduction
• Access to capital or increased shareholder value
• Reputation or brand
• Market position or share
• Strengthened supplier relationships
• Cost savings
• Environmental Issues;
• Global Issues; and
• Technology Issues.