In 1910, Mr. Jamshetji Tata opened Tata Hydroelectric Power supply Company. Tata Power Company (TPC) is created the first hydro-electric power plants in Khopoli in 191, and in 1919, the second was built in Bhivpuri India. TPC is the largest power company located in Mumbai Maharastra. This corporation generates, transfers and delivers electricity using fuel and renewable resources such as hydropower, geothermal energy, wind, and solar, ("Tata Power," 2013). TCP employee over 200,000 people across India and is the country’s largest employer (Srivastava, Negi, Mishra, & Pandey, 2012). TPC has created the largest capacity of wind generation power, creating 300 megawatts (MW) and they are adding another 97 MW in the next few years. The 300 MW wind farm powers three areas of India: Maharashtra, Karnataka, and Gujarat. India’s first Ultra mega Power plant was built in Mundra and will create 4000MW, with five boilers that create 800 MW each. This company also created the first Rooftop Solar Photovoltaic (PV) system that is synchronized with the power grid, which they placed on their corporate office in Mumbai. This system creates 60 kW of power, additionally they have added other PV systems that have been operational since March 2011 ("Tata Power," 2013). TPC’s vision is to create affordable, clean, and plentiful energy to create economic growth in India and implement cutting edge eco-friendly technology. They want to make a difference and stay committed to improving the quality of life for all their stakeholders. They whole heartily believe that they need to communicate and work with their stakeholders so that they can make progress in advancing technology and strengthen their renewable energy range. Globally TPC has establis... ... middle of paper ... ...se study of TATAGroup. Journal of Business and Management, 3(5), 17-27. Retrieved from http://iosrjournals.org/iosr-jbm/papers/vol3-issue5/D0351727.pdf Sustainability at Tata Power . (2014). Retrieved from http://www.tatapower.com/sustainability/sustainability-tata-power.aspx Tata Power announces stand-alone and consolidated financial results for FY2010-11. (2011). Retrieved from http://www.tata.com/article/inside/WTe8DblUMVU=/TLYVr3YPkMU= Tata Power, corporate social responsibility & Rehabilitation and resettlement [Annual Report]. (2008-09). Retrieved from http://www.tatapower.com/sustainability/pdf/csr-annual-report-2008-09.pdf Tata code of conduct. (2013). Retrieved from http://www.tatapower.com/aboutus/code-of-conduct.aspx Wadia, J. (2011). The power to change. Retrieved from http://www.tata.com/ourcommitment/articlesinside/kEub!$$$$!Uo2Df0=/TLYVr3YPkMU=
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
McElhaney K. (2009, Spring) A Strategic Approach to Corporate Social Responsibility. Executive Forum. Retreived May 16, 2014, from http://responsiblebusiness.haas.berkeley.edu/documents/Strategic%20CSR%20(Leader%20to%20Leader,%20McElhaney).pdf
Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...
In the article, The Truth About CSR by Kasturi Rangan, Lisa Chase, and Sohel Karim, the importance that coherence plays in corporate social responsibility (CSR), is emphasized. Throughout the article, corporate social responsibility application, within corporations, is broken down into three theaters. According to the article, many corporations do not focus on their CSR programs, and usually see these CSR actions as a secondary responsibility following the responsibility they hold towards their shareholders. It is argued in the article that in CSR is a key and essential block for corporate success, focusing on CSR coherence throughout all three theaters will bring positive results along the way, possibly making the corporation
I chose to look into General Electric for this project because they are an energy supplier and multi-national company. Energy providers have a reputation as a money hungry companies that care about the bottom line more than people and the planet. It is easy for a person to assume that a corporation of GE’s size, money would be its only concern. What I learned was that GE has a public image problem more than a Corporate Social Responsibility (CSR) problem. The company has been working to make the people of the planet more Earth friendly by creating technology that has higher efficiency with fewer emissions and lower resource demands. GE has a well-established strategy for Corporate Social Responsibility. As a result of CSR the company has reaped profit benefits as well as a perceptibly better company image. It was with great expectation that I chose GE in the hopes to find an area that a global energy supplier would need improvement. I found that GE is within the top-10 of companies that demonstrate CSR. GE shares this distinguishment with other companies such as Patagonia, Nike and General Motors. Besides continuing the course they have started, GE could further add to their repertoire by providing roadmaps for other companies to follow in order to be a business with demonstrable CSR.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
...t in becoming more socially responsible corporations. For example, Pos Malaysia through their CSR practices, this corporation had focuses on a dual-pronged approach that is aimed at bringing value to the community and nation at large by the means of enhancing education particularly towards the enhancement of human capital development mainly in underprivileged areas and also Enriching Communities in which Pos Malaysia seeks to promote commerce and entrepreneurship within the communities they serve particularly in rural areas. The above CSR themes are aligned with Pos Malaysia mission to constantly strive to be a caring corporate citizen by supporting nation building and community services. This CSR will focused on the meeting the need and interest stakeholder of an organization by becoming more socially responsible and as well as to improve their image and reputation
The SWOT analysis of the strengths, weakness, opportunities, and threats is a summary of the good scenario that this company currently face (Peng, 2012). The major strengths that Canadian Solar presents are its capability to quickly diversify its portfolio to truly reach the needs and wants of its costumers and potential customers. The heavy investment in research and development allowed and continues to allow Canadian Solar to provide products and services with both high-quality standards and cost differentiation. The company offers to its customers a high quality of products and services with a low price. In fact, they have undertaken in many subsidiaries to produce most of its raw materials and components in a local market and countries such as China where the labor and manufacturing cost is low. Turning to talk about the weakness, according to its value chain and investment in many subsidiaries, Canadian Solar may face difficult to adapt its internal operation in order to maintain its profitability in a case its major competitor such as the government decrease the energy consumption. Moving to discuss the opportunities, the Canadian Solar has the facility to penetrate and undertake in a new country due to a strong relationship with the governments inside and outside Canada. Canadian Solar acquired the opportunity to obtain funds such as working capital to support its normal activities as well as to invest from a major bank in Suisse by does not being confined in the relationship only with Chinese banks. As the last analysis, the major threats that Canadian Solar faces are the fact that its biggest customers are the government and they are in a commodity market. These fact themselves can directly affect the demand for its products and services. The government has the power to control the
To fulfill the energy needs of the citizen of India while utilizing the renewable sources and hereby providing pollution free and waste free life to the citizens.
The Sabarmati Thermal Power Station now Torrent Power Station situated on the banks of River Sabarmati, made famous by Mahatma Gandhi's Ashram by the same name is not only one of the oldest Thermal Plants in the country (1934), but also one of the most well run.
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.
Business organizations regularly run into demands from various stakeholders groups when conducting day-to-day business. These demands are generated from employees, customers, suppliers, community groups, governments, and shareholders. Thus, according to Goodpaster, any person or group of people that can shape or can be shaped by attainment of the objectives by an organization is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and endeavor to honor and fulfill them. These responsibilities are often communicated to the public by a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Thus, this paper discusses the two CSR views: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder view has brought ethical concerns to the forefront of businesses, and an argument shall be made that businesses would improve both socially and economically if CSR, guided by God’s love, was integrated into their strategic planning.
Masaka, D (2008) Why forcing corporate social responsibility is morally questionable, Electronic Journal of Business ethics and organizational studies, 13, 1 pp. 13-21
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...