These days a lot of emphasis is being laid on Corporate Social Responsibilities (CSR). Moreover if you are in export sector, having a CSR program in your facility becomes the need of the hour to get orders from foreign buyers. But how ethical is spending on CSR ?
 
Let’s first understand a few basic things- when a company starts its operations, it generates employment, thereby providing sustainability to the families of its employees, besides also creating thousands of other indirect job opportunities. Isn’t it enough CSR already ? 

You might argue that running a school or a hospital near the industry should be considered as CSR. Yes, but if you are charging fees for the school or the hospital, is it really CSR? Alright, now you might say- well you already earn enough and can afford to do it for free. But are you not getting anything in return? You are building your credibility in the market and loyalty among your employees. Real social responsibility does not need anything in return nor does it require you to promote it in your website as “Our CSR initiatives”. When you do so, it is not really CSR.

But how ethical is CSR with no benefits? Absolutely unethical. You are managing the shareholder’s money- and if you cant earn it for him, you are causing a loss to his wealth! But yes ISR is always welcome- Individual Social Responsibility- If you are really inclined towards society, spend it from your own wallet and don’t think about the shareholder’s money !
Tags:

You might like reading:

Ram Prasad , TEDxNMIMSBangalore 2014

We want to improve our decisions & influence others decisions. We have been fed a version that we are rational, logical beings and in control of our decisions. What if this sin’t fully true? We have a better chance of solving complex behavioural challenges if we understand what really drives our behaviour. Ram Prasad is a co-founder of Final Mile […]

0 comments

Foreign delegates get a feel of SIBM-B experience

Bengaluru: Foreign delegates from countries including South Africa, Trinidad & Tobago, Singapore, Malaysia, Israel, South Africa, Sri Lanka made their way to Symbiosis Institute of Business Management, Bengaluru, campus as part of a month long program aimed at promoting Indian education recently. The students of SIBM Bengaluru had an interactive session with their guests and also organised a city tour. […]

0 comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Follow us

©2010-2023 IdeasMakeMarket.com |Contact Us | T&C | Privacy Policy

 

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account