In the light of multiple corporate debacles, financial crises
and environmental disasters across the globe, the need for
corporate goals to transition from simply maximising shareholder
wealth to optimising stakeholder welfare is being echoed in various
quarters. This book makes a distinct contribution by looking at
Corporate Social Responsibility (CSR) from a values-based
perspective with a focus on providinga balance between corporate
success and social well-being. The book emphasizes that
corporations need to redefine their purposes to co-create
long-term, sustainable and win-win solutions for multiple
stakeholders through mutually-fulfilling and value-adding
collaborative efforts. Through the ideal of 'A Soulful
Corporation', the book proposes a new story where corporations, as
associations of individuals, can identify their 'collective
spirits' in terms of environmentally-aware, socially-inclusive and
financially-rewarding missions.
Some of the unique features of the book include:
. A detailed study of the evolution of CSR from the ancient to
contemporary times
. Insights gained through empirical research and personal
interviews with over 100 industry captains, CEOs, MDs and heads of
the CSR function across companies and industries
. Case studies on CSR practices and processes in leading Indian
companies including the Tata Group, TVS Motor, HUL, Wipro, L&T,
Bharat Petroleum, HDFC Bank, Birla Group, Reliance Industries and
others.
. Cases on unique social welfare projects in the areas of
education, healthcare and drinking water supply
. A 'Society and Local Community Welfare Framework'and a
'12-point Agenda for Affirmative Action' that propose policy
recommendations and provide corporations with a roadmap for their
CSR journey in the light of the mandatory CSR spending introduced
by the Government of India.
The book has relevance to multiple stakeholders: students,
academics, CSR researchers, policy-makers, industry captains,
business managers and entrepreneurs."
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