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Politics, Ethics and Social Responsibility of Business
book

Politics, Ethics and Social Responsibility of Business

by Usha, Bhanu;Krishna, K. V. Murthy
October 2010
Intermediate to advanced content levelIntermediate to advanced
232 pages
9h 1m
English
Pearson India
Content preview from Politics, Ethics and Social Responsibility of Business
129
CORPORATE PHILANTHROPY |
19.4 PHILANTHROPY AND OTHERS
19.4.1 PHILANTHROPY AND CSR
Both concepts appear to be similar because in both cases the company indulges in social expenditure. The
expenditure is not on the ordinary business of the company. The common thing is that there is some activity
which is not related to the business of the company. However, corporate social responsibility is qualitatively
different from the traditional concept of corporate philanthropy. Components of CSR include respect for people
and communities, ethical values, compliance with legal requirements, environmental concern, consumer
protection etc. CSR is concerned with treating the stakeholders of a company or institution ethically or in a
responsible ...
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Publisher Resources

ISBN: 9789332506497