PLAGIARISM SCAN REPORT

Date 2020-08-18

Words 277

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It says there are four main types of company namely- corporate locusts, caterpillars, butterflies and honeybees. Having a sustainable
business model, a clear set of ethics based business principles,and a capacity to moderate the impact of corporate caterpillars in its supply
chain, learn from the mistakes of corporate locusts and in certain circumstances boosting the efforts of corporate butterflies can create more
honeybees in the Business ecosystem. It states that any company having a net value of 500 crore INR or above, or a turnover of 1000 crore
INR or above, or a net profit of 5 crore INR or above, during any financial year shall constitute a CSR undertaking. There should be three or
more directors, and one of them should be an independent director. The company shall formulate policy in accordance with the activities
referred to in Schedule VII. The content of the policy shall be disclosed in its annual report and on the website of the company. Companies are
required to spend 2% of the average net profits immediately preceding three years on CSR activities or provide explanations if they are not
spent. MNCs should cater to the bottom of the pyramid because: 1) The availability of resources such as local entrepreneurs, distribution
channels and communication networks reduces costs and research. 2) They can easily transfer the global knowledge generated from one
market to another and then customize it according to local requirements. 3) They can act as a bridge for well-intentioned NGOs, communities,
local governments and multi-layer development agencies in an attempt to bring development to the bottom. 4) They have the capacity to
transfer innovations from bottom to the top most tier.

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