ANNOUNCEMENTS
Though the term ‘Corporate Social Responsibility’ is relatively new, the concept dates back to time immemorial. (The concept of ‘Daan Dharma’ in Hinduism and ‘Zakat’ in Islam point towards generosity and giving back to society.) Initially there was no specific term for it and it was only known as philanthropy or charity and was widely practiced by kings, wealthy businessmen, etc. Leaders like Mahatma Gandhi also propagated the idea of giving back excess wealth to the society, which led to the birth of the Trusteeship Model as we know it.
Similarly, there have been many such models put forth by philosophers, economists, professors etc., a few of which have been selected for this project. They form the base for many organizations to formulate their CSR strategies and policies. Some models were used before, like the Friedman model but have been replaced by ones like the Freeman model, which are more practical. While they are contradictory to each other, they represent both sides of the coin nevertheless.
This project aims to briefly explain a few prominent CSR models, their advantages and disadvantages as well as the importance of working on and attending conferences, symposiums, etc. which is a great place for meeting and interacting with different stakeholders like academia, corporates, governments, etc.
Keywords: CSR, Corporate Social Responsibility, CSR Brochure, CSR Profiling, Corporate, NGO
