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.
You might like reading:
FDI in retail – Can it really “uncomplicate” the Food Supply Chain in India ?
Unorganized retailing is by far the prevalent form of trade in India – constituting 95% of total trade, while organized trade accounts only for the remaining 5%. Out of this organized and unorganized retail almost 60% of the household expense consists of food and grocery expense thus forms the biggest share of retail business. Therefore, the biggest impact of FDI […]
Diversity vs. Innovation: A new perspective
Imagine the fate of Apple Inc. without Steve Wozniak, popularly referred to as the brains behind arguably the world’s most innovative corporation. On the other hand, the all-popular Steve Jobs, the face of Apple Inc, was a sheer marketing genius. Steve Wozniak is a well-known introvert as contrasted by his former partner Steve Jobs, a seasoned extrovert. Do you think […]
