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Social Responsibility in Indian Organizations: The Way Forward for Sustainable Development

In: FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION

Author

Listed:
  • Nivedeeta Thombare
  • Moitrayee Das

Abstract

The post-liberalization phase has seen a significant change in the stakeholder participation-based model of corporate social responsibility (CSR) in India. Although CSR is optional for Small and Medium Enterprises (SMEs), there are apparent benefits if concrete mechanisms are in place. Since CSR and corporate governance are complementary and interconnected, including CSR provisions within the framework of corporate governance will create capabilities for Indian Micro, Small and Medium Enterprises (MSMEs). For SMEs, the formal structures of CSR and corporate governance hardly prevail in ways typical of big organizations in India. This chapter highlights the role of CSR and corporate governance within SMEs, the challenges they face, and the benefits they receive from CSR and corporate governance. The chapter also draws attention to the fact that CSR and corporate governance are crucial for sustainable development.

Suggested Citation

  • Nivedeeta Thombare & Moitrayee Das, 2024. "Social Responsibility in Indian Organizations: The Way Forward for Sustainable Development," World Scientific Book Chapters, in: Vipin Gupta & Samir Ranjan Chatterjee & Alka Maurya (ed.), FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION, chapter 6, pages 121-138, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811296444_0006
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    More about this item

    Keywords

    Organizational Design; Performance; Organizational Learning; Digitisation; Organizational Structure; Organizational Change; Indian Organizations;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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