Corporate Social Responsibility in Developing Country, India

By

ACKNOWLEDGEMENT

My thanks go out to all who have helped me complete this study and with whom this project may have not been possible. In particular, my gratitude goes out to friends, facilitator and family for extensive and helpful comments on early drafts. I am also deeply indebted to the authors who have shared my interest and preceded me. Their works provided me with a host of information to learn from and build upon, also served as examples to emulate.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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ABSTRACT

The concept of corporate social responsibility is gaining importance nowadays. It calls upon businesses to follow ethical practices while dealing with employees, suppliers, dealers, customers, etc. Unfortunately, not all the companies are equally committed towards their social responsibility. After discussing the various changes, the concept of Corporate Social Responsibility(CSR) has undergone since its inception, this paper focuses on a relatively new proposal by the United Nations (UN) called 'Global Compact' (GC) and 'Millennium Development Goals' (MDGs) to reshape Corporate Social Responsibility (CSR) as a tool for national and international development and its applicability in the Indian context.

TABLE OF CONTENT

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

TABLE OF CONTENTV

CHAPTER 01: INTRODUCTION1

Background of study1

Rationale2

Problem Statement2

Aims & Objectives2

Research questions2

Significance3

Current state of CSR in India4

General understanding of CSR4

Perceptions of CSR4

Professionalism of community development5

Integration and organization of CSR6

Theoretical framework7

Corporate Social Responsibility in India10

Concepts of responsibility and obligations11

Benefits of Corporate Social Responsibility activities12

Stimulates productivity of workers12

Ensures greater customer satisfaction12

Improving the image and reputation of a company13

Reduced costs13

Compliance with laws and regulations13

Attitude of the Youth towards Corporate Social Responsibility in India14

Who Decides?15

Ethical Commitment16

Historical Developments17

Corporate Social Responsibility and Developmental Issues in India18

Between The National Duty of Social and Voluntary Initiatives19

From Humanity to Participation of Stakeholders: Corporate Social Responsibility20

New Strategy21

Corporate Social Responsibility Development in India - The four phases22

First Phase22

Second Phase23

Third phase24

The Fourth Phase25

Implementation of innovations in CSR: the Ground Level Revolution28

Liberalism, Corporate Social Responsibility and Public Sector Enterprises30

The CSR multi-stakeholder approach in India31

NGOs and Networks in India31

The Guidelines for Multinational Enterprises33

Importance of CSR34

What business would cause any kind of social impact?35

Negative Impact35

CSR in India: the efforts of the Ministry of Labour36

Management aspects36

CHAPTER 3: METHODOLOGY37

Research Design37

Justification of Secondary Research Method38

Limitations38

Literature Search39

Reliability (If Using Questionnaire)39

Limitations and Suggestion for Future Research39

Validity40

CHAPTER 4: DISCUSSION AND ANALYSIS42

Critical Analysis42

CSR & Decision Making43

Findings44

Global Priorities in the Field of Corporate Social Responsibility for Sustainable Development45

The International Community Of Corporate Social Responsibility47

Corporate Social Responsibility: A Developmental Tool for India48

Suggestions50

Aid to Business50

Criticisms and Concerns51

Corporate social responsibility and the nature of the business51

Globalization and market forces52

Implementation of CSR in the Company52

At CSR as an Aid to Business55

Welfare State in India56

The Classification of Corporate Social Responsibility58

REFERENCES59

CHAPTER 01: INTRODUCTION

Background of study

Corporate social responsibility (CSR) is also known as corporate responsibility and corporate citizenship, responsible action, responsible action constant (SRB), ...