ROLE OF CSR AS A STRATEGIC MANAGEMENT TOOL IN THE GLOBALISED ERA
Sai Om Journal of Commerce & Management - National
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Title |
ROLE OF CSR AS A STRATEGIC MANAGEMENT TOOL IN THE GLOBALISED ERA
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Creator |
Yadav, Pushpa
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Subject |
CSR; Sustainable Development; Social Risk; Corporate Entities; Strategy
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Description |
Today Corporate Social Responsibility has become a buzzword, especially with the government’s approval for clause 135 of Companies Bill 2013 on CSR. Globalization has thrown many challenges before the companies especially in the developing countries, one of them is the CSR. It has on one side, widened the scope for business operations, and on the other side has increased the expectations of the people and made the corporate accountable to the society. Businesses being a corporate citizen have got responsibilities and duties not only towards their employees but also towards the environment and economy and society where they operate. The growth and development of the business depends upon the co-operation, support and development of the masses. As a result many corporate houses came up with their Corporate Social Responsibility initiatives to fulfill the unmet basic requirement of the society like, education, health, and social security needs. But in the 21st century it is no more considered as philanthropy but has emerged out as a strategic tool to mitigate the social risk of the business. The paper aims to find the ways how CSR can be used as a strategic tool to mitigate the various risk.
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Publisher |
Sai Om Publications
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Contributor |
—
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Date |
2016-04-12
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://abhinavjournal.com/journal/index.php/ISSN-2347-7563/article/view/1005
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Source |
Sai Om Journal of Commerce & Management: A Peer Reviewed National Journal (Online ISSN 2347-7563); Vol 3, No 4 (2016): Sai Om Journal of Commerce & Management: A Peer Reviewed National Journal (Online ISSN 2347-7563); 1-5
2347- 7563 |
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Language |
eng
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Relation |
http://abhinavjournal.com/journal/index.php/ISSN-2347-7563/article/view/1005/pdf_38
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Rights |
No part of any paper/article can be reproduced without the prior permission of the Dr Sunil Karve.The First Author and Principal Author warrant that he /she have full power to transfer the copyright of this material. This is a irrevocable permission by copyright transfer to Dr. Sunil Karve to reproduce and distribute the contribution including reprints, edited book, translations, photographic reproductions, microfilm, electronics for (offline, online), audio, video, mechanical, graphical, multimedia and / or any other combinations and / or similar reproductions, compendiums, collective works, databases and similar publications or anywhere as decided by editor without permission of author(s). The author(s) agree that the Research papers/case studies/Book review/Interviews is technically correct to the best of his / her /their knowledge and belief and it does not contain any false, misleading, racial, illegal, unrelated or unethical material of any kind. The work contains no libelous statements, and it does not infringe upon any copyright, trademark, patent, statutory right, proprietary right or any other legal / professional rights of others. The contents of this manuscript are original. Furthermore, it has neither been published elsewhere in any language fully or partly, nor is it under review for publication anywhere. The undersigned confirms that author(s) are fully aware of plagiarism and collusion and further confirm that they have not committed plagiarism when completing the research paper/case study/book review sent for publication & the editor or reviewers will not be held responsible for plagiarism. Also the undersigned aware that the peer reviewers/editor is expected to read the paper for scientific merit, not a background check they leave it exclusively to author/s. Here they operate under the assumption of original writings. Still they are of an opinion that if Author/s found to have plagiarised the work of another and detected after publicationthen are subject to having the paper removed/retracted if requested by original author/s with necessary proofs. The undersigned represents that he/she has the power and authority to make and execute this assignment & agrees to indemnify and hold harmless Dr. Sunil Karve from any damage or expense that may arise in the event of a breach of any of the warranties or statements set forth above. All disputes are in jurisdiction of Mumbai.I have read the information pertaining to plagiarism on website and am aware that there is further information available on internet. This paper/book review/case study is my own work, all sources have been properly acknowledged, and contains no plagiarism. This written work has not yet been published.I understand that Potential consequences of plagiarism can vary according to the severity of the misconduct. Action will be initiated by editor on Author(s) who are guilty of plagiarism after due investigation. Possible actions may include: a) Written letters of concern and reprimand. b) Article retractions. C) Information to author(s) employer or funding body
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