Every aspect of our lives is undergoing rapid change. In the corporate world, this is evident from how human resources management (HRM) is reinventing itself to manage increasingly open, flat, interactive and differentiated ecosystems in constant flux. These corporate ecosystems can no longer be managed efficiently by hierarchical authority alone.
Corporate social responsibility and sustainability are two concepts that have become increasingly popular in recent years. Activists, politicians, and business leaders use them, and corporate and government actions are partly judged according to them. But what exactly do these concepts mean? Are they compatible with efficient management in a free society? To what extent are …
How the terms ‘corporate social responsibility’ and ‘sustainability’ were twisted Read More »
Firms these days use various cards to attract consumers. Corporate Social Responsibility (CSR) activities are one of the popular cards these days. It refers to business practices involving initiative that benefits the society.
Social responsibility is an ethics theory that tries to balance the relationship between “good business” and “good for society” concepts. Corporate Social Responsibility or CSR has been defined by Lord Holme and Richard Watts in The World Business Council for Sustainable Development’s 2000 publication ‘Making Good Business Sense’ as “…the continuing commitment by business …
How do I know if my company is socially responsible? Read More »
In this regard, various RoCs have submitted their reports to the Ministry, which is implementing the Companies Act. More than 530 firms have come under the scanner of the government for violating CSR spending norms under the companies law and are likely to face action.
