Corporate Social Responsibility (CSR), Problem and Strategies

Abstract

The problem of company displacement due to lack of knowledge and implementation of Corporate Social Responsibility (CSR) is a major problem not only in India but worldwide. The appropriate implementation of Corporate Social Responsibility (CSR) in the cultural and religious diversity country like India is a great concern especially for the Multi-National Companies (MNC). Purposely some companies whether national or international are not interested to implement their CSR policy probably due to the purpose of high profit using cheap manpower. As a result they face regular disturbances inside and outside the company premises. In some cases at last the company displacement becomes the ultimate option. Another important problem of misuse of proper CSr policies may be due to the interference of some local and regional politicians, which creates problems both for companies and the people working for the company. Therefore, authors of this article discussed the common problem of CSR and some important CSR strategies like CSR and Modeling, Respect the God of Locality, Respect the neighbor, Respect Creation, Net working system of governance on CSR, Share of accident Information and free fare accident report, Respect to the Environment etc for both the National and Multinational Companies to run their business smoothly, with good profit and also for long period of time.