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Linkage and Possibilities
Business and society
HOW BUSSINESS BENEFIT SOCIETY
Supply goods and services which
cannot be produce by themselves
Create jobs for customer
Suppiler distributers
and coworkers
Spreading and building international
standard.
Investing in new
technologies
WHAT DRIVES CORPORATE
COMMITMENT TO THE COMMUNITY Customer appreciation
Brand reinforcement
Support for new business
Improvement in productivity
Avoidance of business risk
Creation of good-will towards politicians and other decision makers
Creation of competitive advantage
DEFINING CORPORATE SOCIAL RESPONSIBILITY
CSR is about capacity building for sustainable livelihoods. It respects cultural differences and finds the business opportunities in building the skills of employees, the community and the government" "CSR is about business giving back to society.
CSR – which is close to the everyday existence of companies – takes sustainable development as its starting point; that is to say, efforts to unify economic, social and environmental development.
Economic
grow
th
Social
Development
Environmentconsideratio
n
CSR Sustainable Development
CORPORATE SOCIAL RESPOSIBILITY [CSR]
Companies analysis society from stakeholders perspective in order to strengthen their market position.
STAKEHOLDERS
OWNERS
SHARE HOLDERS
BANKERS
CUSTOMERS
EMPLOYEESNATIONAL AUTHORITIES
SUPPLIERS
NGOS
ENVIRONMENT
some examples of stakeholders and the expectations they might have.• Generate profit so that
shareholders see returns on invested capital
SHAREHOLDERS
• Wanted to be paid on time and do not want to be associated with shady clients.
SUPPLIERS
• expect companies to obey laws and regulations and pay their taxes on time.
NATIONAL AUTHORITES
•Expect delivery of right quantity on right time•Good services should be of agreed and legal slandered
CUSTOMERS
•Respect the need to protect the environment, public health and safety
ENVIRONMENT
• Make credit assessments
• Pay their interest and reduce loans regularly
BANKS
SOME SOCIAL CONTRIBUTION MADE BY INDIAN COMPANIES .
CSR PRACTICES
Development of under-privileged community that lives in the immediate vicinity of ACC cement plant.
ACC takes pride in providing various forms of medical assistance to the families of there employees and also to all those living in surrounding villages.
ACC recognizes that a fundamental step in this respect involves a clear statement of the company’s internal policy to deal with employees affected by HIV/AIDS
ACC and its employees make timely contribution to help in any national disaster. This is done both at the corporate level, by local units and employees.
CORPORATE GOVERNENCE
Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. An important theme of corporate governance is the nature and extent of accountability of particular individuals in the organization, and mechanisms that try to reduce or eliminate the principal-agent problem
Rights and equitable treatment of shareholders
Interests of other stakeholders
Role and responsibilities of the board
Integrity and ethical behaviour
Disclosure and transparency
Principal of Corp. Governance
CORPORATE SCAMSEnron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, he developed a staff of executives that, through the use of accounting loopholes, special purpose entities, and poor financial reporting, were able to hide billions in debt from failed deals and projects.
It was the biggest Fraud in the nation and also in the corporate world. It is hard to believe that one of the largest IT companies, Satyam Computer Systems, underwent such a huge fraud case. Two brothers, Mr. Raju and B. Ramalinga Raju, who were the founder of Satyam Computer Systems were arrested for further investigation in the Satyam fraud case
Financial executives at WorldCom exercised various methods of hiding expenses for a period of more than two years between 2000 and 2002. They delayed reporting some expenses and misrepresented others to give investors the appearance of growth during secretly hard times.
SOCIAL CONSTRUCT
ON THE BASIS OF GENDER
ON THE BASIS OF CASTE
NON-GOVERNMENT ORGANIZATION’S
A non-governmental organization (NGO) is any non-profit, voluntary citizens' group which is organized on a local, national or international level. Task-oriented and driven by people with a common interest, NGOs perform a variety of service and humanitarian functions, bring citizen concerns to Governments, advocate and monitor policies and encourage political participation through provision of information.
FUNDS
Foregin Funding
Causes Related marketing
Donation BoxesCorporate
Fund raisingThrough Internet
Techniques used by NGO’s to raise fund
ACTING NGO’S IN INDIA
KHUSHII (Kinship for Humanitarian, Social and Holistic Intervention in India) is anational organization working for the upliftment of the poor and destitute communities in both rural and urban areas. It is led by a team of committed philanthropists, headed by legendary cricketer Mr. Kapil Dev.
Enable people to take responsibility for the situation of the deprived Indian child and so motivate them to seek resolution through individual and collective action thereby enabling children to realise their full potential.
To work for the cause and care of disadvantaged older persons and to improve their quality of life.
SOCIAL ENTREPRENEURSHIP A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture). While a business entrepreneur typically measures performance in profit and return, a social entrepreneur focuses on creating social capital. Thus, the main aim of social entrepreneurship is to further social and environmental goals. Social entrepreneurs are most commonly associated with the voluntary and not-for-profit sectors ,but this need not preclude making a profit.
YOUTH SOCIAL ENTREPRENUE
“It is an increasingly common approach to
engaging youth voice in solving social problems”
The Foundation for Young
Australians
• strengthens, supports and celebrates the role of young people in creating positive change in their communities.
The Academy of Young Social
Entrepreneurs
• Provides young entrepreneur candidates with high quality of education, supports pioneers to develop, start-up and sustain their social entrepreneurship projects
