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    Challenges and Issues of CSR: Group No: 10, Members

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    Baken D Dhungyel
    The document discusses the challenges and issues of corporate social responsibility (CSR). It outlines key principles of CSR such as giving back to society, environmental responsibility, and business sustainability. Some challenges of implementing CSR include lack of transparency from local agencies, lack of community participation, and a narrow view of CSR initiatives as donation-driven rather than locally focused. Effective communication is important for CSR success. While profit maximization focuses on short-term gains, CSR aims for long-term value and sustainability.

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    Challenges and Issues of CSR: Group No: 10, Members

    Uploaded by

    Baken D Dhungyel
    41 views11 pages
    The document discusses the challenges and issues of corporate social responsibility (CSR). It outlines key principles of CSR such as giving back to society, environmental responsibility, and business sustainability. Some challenges of implementing CSR include lack of transparency from local agencies, lack of community participation, and a narrow view of CSR initiatives as donation-driven rather than locally focused. Effective communication is important for CSR success. While profit maximization focuses on short-term gains, CSR aims for long-term value and sustainability.

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    The document discusses the challenges and issues of corporate social responsibility (CSR). It outlines key principles of CSR such as giving back to society, environmental responsibility, and business sustainability. Some challenges of implementing CSR include lack of transparency from local agencies, lack of community participation, and a narrow view of CSR initiatives as donation-driven rather than locally focused. Effective communication is important for CSR success. While profit maximization focuses on short-term gains, CSR aims for long-term value and sustainability.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    41 views11 pages

    Challenges and Issues of CSR: Group No: 10, Members

    Uploaded by

    Baken D Dhungyel
    The document discusses the challenges and issues of corporate social responsibility (CSR). It outlines key principles of CSR such as giving back to society, environmental responsibility, and business sustainability. Some challenges of implementing CSR include lack of transparency from local agencies, lack of community participation, and a narrow view of CSR initiatives as donation-driven rather than locally focused. Effective communication is important for CSR success. While profit maximization focuses on short-term gains, CSR aims for long-term value and sustainability.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    Challenges and Issues of CSR

    Group No: 10, Members


    Lachuman Ghalley 031812
    Karma Lhaden 0318
    Kinley Wangmo 0318
    Challenges and Issues of CSR

    The term CSR can be referred as


    corporate initiative to assess and
    take responsibility for the
    company's effect on the
    environment and impact on
    social welfare
    CSR Initiatives

    • Guiding Principles for CSR Projects

    •CSR is about corporate citizenship


    •It is about giving back to the society
    •It is about business sustainability
    •It is about thriving in a competitive business
    environment
    CSR Projects for Businesses
    Practical Application of CSR

    •Guidelines
    • You need to evaluate various aspects of your business and operations
    • You need to evaluate the impact your business is having on your
    stakeholders.

    • Then set realistic targets on how to improve your business


    operations and processes.

    • Draw up a result- driven CSR Policy.


    • Embed your CSR into your business strategy.
    • A good CSR Policy must be result-driven

    • Business assessment is important


    Implementation and
    key Challenges of
    CSR
    1. Conduct a CSR assessment
    Plan
    2. Develop a CSR Strategy

    3. Develop CSR commitments


    Do
    4.Implement CSR commitments

    check 5. Assure and report on progress

    improve 6. Evaluate and improve


    Lack of transparency on part of local implementing
    agencies as they do not make adequate effort to
    disclose information on their programs ,audit issues
    and fund usage etc..
    Lack of local community participation and
    contribution.it indicates the is little or no knowledge
    about their community due to less awareness made.

    It’s a global opinion that NGOs enjoys high level of


    public trust than business sectors

    NGOs and govt.agencies usually have a narrow


    outlook towards CSR initiative ,often defining CSR
    initiative donar driven than local in approach. a

    Communication in right sense of the right act, to the right


    people lead to success to perform perpetually. media plays
    important role in spreading good news about the CSR
    initiative. which helps in gaining visibility, often leading NGSOs
    to participate.
    Profit Maximization vs. CSR
    Profit maximization CSR

     Vague/narrow concept.  Clear/broad concept.

     Short term  Long term

     Earns large amount of profit.  To achieve highest market


    value.
     Ignorance  No ignorance

     Inequality  Equality
    Conclusion
    We cannot say which one is better but can discuss
    which is important for a company.
    Usually profit maximization is opted especially for
    swifter decision making abilities of the management
    teams and for the interest of shareholders, CSR is
    considered.
    Profit maximization and CSR once seemed to be
    two-way road, in reality, they may be coin with two
    sides- what constitute of two sides-money.

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