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Corporate Social Responsibility and Social Entrepreneurship: An Indian Context

Author

Listed:
  • Archana Singh
  • Satyajit Majumdar
  • Gordhan K. Saini

Abstract

The present paper presents critical points of view on the existing corporate social responsibility (CSR) practices in India. It argues that due to society's awareness, people's expectations from the government and companies have significantly increased due to various reasons. At the same time, performing on all the three parameters of `triple bottom line'- financial, social and environmental became extremely crucial for the corporate sustainability. In such a changing context, traditional form of CSR seems no longer relevant. The authors emphasize the need of thinking of more innovative models of CSR, so that business benefits and social benefits can be combined in true sense. Few examples of such innovative models of integrating CSR and social entrepreneurship (SE) are discussed in the paper. The authors believe that SE can support CSR, and effectively bridge the gap between business and society.

Suggested Citation

  • Archana Singh & Satyajit Majumdar & Gordhan K. Saini, 2017. "Corporate Social Responsibility and Social Entrepreneurship: An Indian Context," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 3(1), pages 71-76, January.
    • Handle: RePEc:sae:jouent:v:3:y:2017:i:1:p:71-76
    DOI: 10.1177/2393957516684451
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    References listed on IDEAS

    as
    1. Asian Development Bank (ADB), 2012. "2011 Clean Energy Investments: Project Summaries," ADB Reports RPT124787, Asian Development Bank (ADB), revised 25 Jul 2013.
    2. Jayati Sarkar & Subrata Sarkar, 2015. "Corporate Social Responsibility in India—An Effort to Bridge the Welfare Gap," Review of Market Integration, India Development Foundation, vol. 7(1), pages 1-36, April.
    3. Satyajit Majumdar & Gordhan K. Saini, 2016. "CSR in India: Critical Review and Exploring Entrepreneurial Opportunities," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 2(1), pages 56-79, January.
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    Citations

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    Cited by:

    1. Trin Thananusak, 2019. "Science Mapping of the Knowledge Base on Sustainable Entrepreneurship, 1996–2019," Sustainability, MDPI, vol. 11(13), pages 1-20, June.
    2. Vineet Kaushik & Shobha Tewari, 2023. "Modeling Opportunity Indicators Fostering Social Entrepreneurship: A Hybrid Delphi and Best-Worst Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 168(1), pages 667-698, August.

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