1. Corporate Social Responsibilities

2. What is CSR?
Social responsibility is the awareness that business activities have an impact on society, and the consideration of that impact by firms decision making.
Corporate Social Responsibility is the obligation of decision makers to take actions that protect and improve the welfare of the society as a whole, along with their own interests.
Social responsibility is the set of obligations an organization has to protect and enhance the society in which it functions.
Example- McDonald

3. Arguments in Favor of CSR
Changed public expectations of business
Better environment for business
Public image
Avoidance of government regulation
Sociocultural norms

4. Arguments in Favor of CSR
Balance of responsibility with power
System interdependence requires social concern
Citizen in our society
Business has the resources
Make the firm internally more efficient

5. Arguments Against Social Responsibility
Profit maximization
Costs to society for social responsibility
Business costs of social involvement
Lack of social skill
Dilution of business primary purpose

6. Arguments Against Social Responsibility
Weaken international balance of payment
Business has enough power
Lack of accountability
Can reduce business’s public image
Social issues are the concern of government not of business

7. Approaches to Social Responsibility
Obstructionist Stance:
Avoid social responsibility
Reflect mainly economic priorities
Profit motives put ahead of all objectives
Unlikely to survive in the long run

8. Approaches to Social Responsibility
Defensive Stance:
Firms intend to avoid or do the minimum CSR functions
Do the legally required and nothing more
Stick to the principle of doing profit
Attitude towards CSR is hostile

9. Approaches to Social Responsibility
Accommodative Stance:
Accept social responsibility
Try to satisfy economic, legal and ethical criteria
Meet legal requirement
Comply with CSR laws
Voluntarily agree to participate in social program
May respond to the request of donations, selected charitable cause

10. Approaches to Social Responsibility
Proactive Stance:
Meet all the criteria of social responsibility
Integrate social objectives with business goals
Actively figure out how to help instead of being reactive
Does something of its own without any formal call of request from the society