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Siddhi Sisodia posted an Question
February 26, 2021 • 04:38 am 30 points
  • UGC NET
  • Commerce

What is philanthropic responsibilities in csr

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    Smruti Vasavada

    Majority of the times when Corporate Social Responsibility is mentioned, it is mainly in reference to the philanthropic initiatives of a company. CSR and Philanthropy has been always misconstrued as synonymous. However, there is a significant difference between the two. Philanthropy is defined as promoting and attempting to bring about social change by majorly making generous financial contributions. A philanthropist is someone who decides to invest in a social sector a portion of their wealth, time or knowledge for a cause that they believe in. CSR on  the contrary goes beyond that. CSR is about making the core business functions of a company more sustainable. A CSR program does not only benefit the community, but also the business in form of improved morale, increased staff retention, status as an employer of choice, attracting new business, and differentiation from competitors. This is because a CSR program requires involvement from all the stakeholders including employees as well as the community.

  • Gunjan

    yh topic kon sai subject ka hai

    eduncle-logo-app

    corporate social responsibility ka part h

    eduncle-logo-app

    aap is app par question kasi puchtai ho i mean photo click karkai ya phor type karkai

  • Rucha rajesh shingvekar

    example of philanthropic responsibilities Philanthropic corporate social responsibility involves donating funds, goods, or services to another organization or cause. For example, the local branch of a bank might donate money to fund the purchase of uniforms for a school sports team, or a health care company might donate to the city opera.

  • Rucha rajesh shingvekar best-answer

    Philanthropic responsibility can include things such as funding educational programs, supporting health initiatives, donating to causes, and supporting community beautification projects. The philanthropic responsibilities are the voluntary responsibilities of the enterprise. ... Such activities can include donations of goods and services, volunteering activity, the involvement of the enterprise or of its employees in the community or of the stakeholders.

  • Sapare bhavani bai

    Philanthropic responsibility Philanthropic responsibility can include things such as funding educational programs, supporting health initiatives, donating to causes, and supporting community beautification projects.  

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