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Corporate Social Responsibility Practices: A brief study of CSR practices in the field of education.

SUBMITTED TO: Mr. Vivek Ahuja Faculty Guide

SUBMITTED BY: Maheen Ejaz BBA-General 2009-2012 A3906409036

Table of Contents
Cover Page Table of contents Introduction 3 Conceptual discussion................ 4 Objectives. 5 Methodology.. 6 Limitations7 Bibliography.................8

This dissertation report discusses Corporate Social Responsibility practices in various organizations in different parts of the world including India. Corporate Social Responsibility practices do not have a set benchmark and organizations generally setup their practices based on practices adopted by competitor organizations within the industry, this results in no-set agenda for their CSR activities, and some believe that firms do it to cover-up for the un-ethical work in their core business processes. Corporate Social Responsibility is looked in a different manner in different countries and even within a country it may vary from sector to sector. Some believe it to be a part of their organization, and strongly focus on their CSR activities, while others do it to be seen as socially responsible. This work tries to throw some light into CSR, its functions, its advantages and its limitations. The report is limited to CSR practices in the area of education, so as to make it detailed rather than broad.

Conceptual Discussion
Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Furthermore, CSR-focused businesses would proactively promote the public interest (PI) by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. CSR is the deliberate inclusion of PI into corporate decision-making, that is the core business of the company or firm, and the honoring of a triple bottom line: people, planet, profit. An approach for CSR that is becoming more widely accepted is a community-based development approach. In this approach, corporations work with local communities to better themselves. A more common approach of CSR is philanthropy. This includes monetary donations and aid given to local organizations and impoverished communities in developing countries. Another approach to CSR is to incorporate the CSR strategy directly into the business strategy of an organization. Many companies use the strategy of benchmarking to compete within their respective industries in CSR policy, implementation, and effectiveness. Benchmarking involves reviewing competitor CSR initiatives, as well as measuring and evaluating the impact that those policies have on society and the environment, and how customers perceive competitor CSR strategy.

1. To study the Corporate Social Responsibility practices adopted by companies all over the world. 2. To analyze the gap between the current procedure for setting down CSR activities and the ideal way to do so.

Research Design
The report is descriptive in nature and aims to fulfill the aforementioned objectives. A suitable finding has been included in the end that tries to fill the gap between currently followed methods and ideal methods.

Sources of Data
Online resources have been utilized, but not entirely copied, and all websites have been included in the bibliography. Websites of respective organizations have been consulted to gain an insight into their CSR activities, other websites have been used to understand the concept of CSR better.

There are certain limitations to this dissertation report. One major limitation was the time frame in which the report was to be concluded and information gathered. Another limitation was the lack of information regarding CSR and the CSR policies adopted by different organizations in different countries, and yet another hurdle was not-knowing how much of it is actually being implemented. On a similar note, not much primary data has been gathered, and the report is mainly restricted to secondary data, which affects its credibility.