Corporate Social Responsibility within Organisation

  • V Santhosh Kumar MBA, Anna University, Madurai
  • P Muthuraja MBA, Anna University, Madurai
Keywords: Unprecedented, Challenges, Opportunities, Globalization, Imperatives, Integrating and Sustainability

Abstract

"No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people “

The 21st century is characterized by unprecedented challenges and opportunities, arising from globalization, the desire for inclusive development and the imperatives of climate change. Indian business, which is today viewed globally as a responsible component of the ascendancy of India, is poised now to take on a leadership role in the challenges of our times. It is recognized the world over that integratingsocial, environmental and ethical responsibilities into the governance of businesses ensures their long term success, competitiveness and sustainability. Businesses are an integral part of society, and have a critical and active role to play in the sustenance and improvement of healthy ecosystems, in fostering social inclusiveness and equity, and in upholding the essentials of ethical practices and good governance. This also makes business sense as companies with effective CSR, have image of socially responsible companies, achieve sustainable growth in their operations in the long run and their products and services are preferred by the customers.

Published
2016-07-26
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