International Journal of Applied Research
Vol. 3, Issue 12, Part D (2017)
Corporate social responsibility in changed economic scenario
This paper examines the question of measurability of the impact of Corporate Social Responsibility on Business Performance. It starts with describing newer trends of spending money from bringing better quality products to society upliftment, showing that one can observe a shift from the classical short-term analysis with particular focus on soft indicators, such as employee and customer satisfaction that contribute to the long-term success of a company. The paper goes on to give an overview of latest trends in the field of Corporate Social Responsibility and then offers a possible way to measure its impact on business performance on the basis of the stakeholder concept in India. All companies with turnover of Rs.1000 crores and more - or a net worth of Rs 500 crore and more or net profit of Rs.5 crore and more - will have to spend at least two percent of their three-year average profit every year on CSR activity and should have a CSR committee of the board consisting of three or more directors,”. The Government is now planning to increase its contribution from 2% to even 5%......Indian Government
Multi-National Companies are always ready to spend more than what government insist for CSR, otherwise they cannot survive in the long run.... Narayana Murthy, founder Infosys.
How to cite this article:
Sharadambi G, Ranganath G. Corporate social responsibility in changed economic scenario. Int J Appl Res 2017;3(12):236-242.