The Emergence Of Corporate Social Responsibility - 1619 Words

The emergence of corporate social responsibility (CSR) in business has beckoned on organisations to take responsibility for the impact of their operations on the society and environment. Business initial response to CSR as displayed by Milton Friedman in 1970 when he termed CSR programmes as hypocritical window dressing and that any business working towards such activity was exposing their firms to suicidal impulses (Friedman, 1970). This had been a general view by lots of CSR sceptics. But time and events have raised contemplations on the validity of such claims. Since civil societies, non-governmental organisations (NGOs) and environmental activists gained reasonable importance and voice; businesses have continuously been called upon to take up CSR due to their effect on the environment, communities, stakeholders and governments. Since CSR is deemed of essence, understanding the role and it limits on business is of high imperative. This essay will briefly highlight the importance o f CSR and consider a number of roles CSR plays in business and its likely limits. In an era of business globalisation, rapidly changing technologies, increased corporations competitions, shift from an industrial based economy to a knowledge based economy, changes in value systems, changes in demography and the realisation that we exist in a world where there is not an infinite resource or infinite high resource growth, all which consistently threaten business and planet sustainability.Show MoreRelatedThe Second Phase Indian Csr ( 1914-1960 )1363 Words   |  6 Pageswhich was consolidation and amplification of social development. During the whole period of struggle for freedom, Indian businesses proactively engaged in the process of reformation. 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