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RESPONSIBILITY
Vivek K Tripathi
Business and society
Only function of organization is to
perform its economic activity and
produce goods/services to society
and earn fro itself max. profit
and it is better to leave social
function to other institutions
Adam smith
It is profit driven market
system , profit is the factor that
drives to social responsibility to
obtain private gains
Every individual endeavors to
employ capital so that its
produce is of greatest value.
Social responsibility is the green signal to
pure socialism
Business has one and only one social
responsibility to make profit(legal)
It is imperative to business to be socially
responsible
Friedman
Acc. to Bradsha
overlooked two things
1- business is not alone “man before businessman”
2- business/environment is changing, businessman
is judged by social goals
CSR
Continuing commitment by business to behave ethically
and contribute to economic development while
improving quality of life of workforce and their family
as well as local community and society as a whole.
Emergence
Shift from shareholder to stake holder
New concerns and expectations
Social criteria and investment decisions
Concern for damage
transparency
Trusteeship model
Realistic perspective
public corporations are not criteria of a private
contract and thus not owned by any individual
OWNERSHIP – exclusive right where owner has rights
of possession, use, dispositions
Shareholders has a stake in company
Ownership is not very much important
Universities. museums, libraries also perform well
without any clear ownership
3 social thinkers
Robert Dahl, Paul hirst and Jonathan Boswell
Organization is a society
Pluralistic model
Idea of multiple interest of
stakeholders rather then
shareholders to make
corporations more efficient and
legitimate
Organizations doesn't own society
but society owns organizations so it
is in greater interest of organizations
to serve the society
Expectations of corporations
They are because of society so
plough back is required
Reduced quality gap
No deceptive marketing practices
Skill sharing
Employment creation
TVS
Honesty, commitment, integrity – hallmark
SST trust
1% of annual profit donated
3cr. Expenditure per year on CSR
Started with bus services to major metros
TVS in collab. With LABS (livellihood advance business
school)
Eye camps in collab with Arvind eye hospital-
120000contract surgeries since 1996
Alcohol treatment and residence camps in collab. With
TTK hospital
9 PHCs in collab with govt.
TVS And SST started Activity Based Learning Schools