Corporate social responsibility
By the 1990s, the rate at which the world consumed its natural resources, such as water, clean air and vegetation, had reached 125% of the rate at which they can be renewed. In other words, we have begun to erode our natural capital. And by the 1990s, the rich had got so rich that merely 1% of the wealth of the hundred richest persons in the world could provide free primary education to all the children in the world!
Consider this, India’s GDP is growing at close to 9%.billion of dollars of foreign investment flowing in and is considered fastest growing economics in the world .it is the land of the richest man in the world. This is good news: India’s stock markets and software industry may be booming, but, as traffic snarls, water shortages and stinking sewage systems in almost every city.65%of the population lives less than 1$.proverty and illiteracy are still show their ugly heads almost everywhere in the country. Infrastructure is too not very favorable to fasten our economy. This pattern of so-called progress is not sustainable. We have to rethink what progress means and how it should be brought about. however public resources are not we should consider the role of corporations and their leaders.
Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, responsible business and corporate social opportunity) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. to improve the quality of life for employees and their families as well as for the local community and society at large
o Corporate philanthropy – Donating to charities is a simple and reputation enhancing way for a company to put a numerical value on its CSR 'commitment'. McDonald's network of Ronald McDonald Houses to 'improve the...