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Corporate Social Responsibility in India

In: Responsible Management in Asia

Author

Listed:
  • Meena Galliara

Abstract

The concept of a corporation or an entrepreneur having a social responsibility towards the community has come a long way since the rise of mercantilism. The pre-industrial era expected mercantile traders to care not only for themselves but also for members of their guild, the poor and other needy communities. With the advent of industrialization, the global trade scene witnessed the emergence of corporations as distinct legal entities that functioned solely for profit maximization and rejected the proposition that business was responsible for social welfare. The post-liberalization period expects businesses to adopt the triple bottom line approach as an inseparable part of their strategy to attain both shareholder and social value.

Suggested Citation

  • Meena Galliara, 2011. "Corporate Social Responsibility in India," Palgrave Macmillan Books, in: Geoffrey Williams (ed.), Responsible Management in Asia, chapter 2, pages 27-43, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30680-6_3
    DOI: 10.1057/9780230306806_3
    as

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