Social Responsibility

Social Responsibility : 

Social Responsibility Definition: Social responsibility of business refers to its obligation to take those decisions and perform those actions which are desirable in terms of the objectives and values of our society. Meaning: The assumption of social responsibilities by business enterprises implies that they respect the aspirations of society and would try their best to contribute to the achievements of these aspirations along with their profit interests. This idea is in contrast to the common notion that business exists only for maximizing. Profits for its owners to talk of public good.EG-ITC donates RS 1 on our behalf every time we buy a classmate notebook.

Importance of socialresponsibility : 

Best Interest of Business to Promote and Improve the Communities: Organizations, as members of society, have a moral obligation to help society deal with its problems and to contribute to its welfare. A measurement should be made of whether the organization is performing such activities as producing goods and services that people need, creating jobs for society, paying fair wages, and ensuring worker safety. People today have wider expectations of the quality of working life, included justice is treatment, opportunities for consultation and participation, training in new skill and technologies, effective personal and industrial relations policies, and provision of social and leisure facilities. Organization should be, for example, give due consideration to the design of work organization and job satisfaction, make very reasonable effort to give security of employment, and provide employment opportunities for minority groups. Improves Public Image of the Firm : As an example of degrading the quality of life, some people believe that cigarette companies, because they produce goods that can harm the health of society overall, are socially irresponsible. By doing that, the consumers would be loses of confidence on the organization's products, and not buying their products. Then consumers will buy the goods from other organizations that they are confidence to. Social initiatives taken by organizations tend to promote goodwill, public favor, and corporate trust, and these may contribute to the long-run success of the organizations and profit Importance of socialresponsibility

Importance of socialresponsibility : 

Improving Stock Price: To having the action of social responsibility of an organization would lead to their suppliers, and business associates more confidence to the organization. The examples of social responsibility might include: fair standards of trading, honoring terms and conditions of purchase or sale, and settlement dates, for example payment of accounts, assistance to smaller organization; engagement only in fair competition; respect for copyright and patents. By doing that, the other organizations would view the company as less risky. This is in the stockholders best interest. It will improve the price of stock in the long run because the stock market will views the company as less risky and open to public attack. So, it would reduce the cost of the production of the company. Therefore award it a high price-earnings ratio. Resource given by the organizations to solve the social problem: The measurement of social investment deals with the degree to which the organization is investing both money and human resources to solve community social problems. Here, the organization could be involved in assisting community organizations dedicated to education, charities, and the arts. Importance of socialresponsibility For example, Ben and Jerry's have a great reputation for being a socially responsible company. Management seems to include social responsibility issues in everything that it does.

INTRODUCTION TO VIDEOCON : 

Videocon was founded in 1979 by Nandlal Madhavlal Dhoot.  Videocon is an industrial  conglomerate with interests all over the world, and is a Indian multinational company. The group has 17 manufacturing sites in India and plants in China, Poland, Italy and Mexico. Its headquarters are in Aurangabad and Maharashtra, India. The Brand Trust Report, 2011 has ranked Videocon as the 42nd most trusted brand in India among the top 300 brands. Today the group operates through six key sectors:  Consumer electronics Color picture tube glass Mobile phones DTH Oil and Gas Telecommunication INTRODUCTION TO VIDEOCON

Social Responsibility Undertaken By Videocon : 

PHILOSOPHY AND RESOLVE: No business can function in a vacuum. There is the society at large with which it engages in innumerable transactions; the more involved the engagement, the better its qualitative and quantitative effect on the business. Aware of this debt to society, Videocon is committed to fulfilling its obligations: both as providers of products as well as community initiatives. They have undertaken social responsibility through the following activities: Hospital In the memory of the founder Videocon runs a world class hospital with the latest equipment, MRI, CT scan machines run by dedicated doctors specializing in Cancer and heart surgery. The hospital is 100% charitable and caters to the people in Indian villages which cannot even support their families let alone afford medicines. Schools The group runs a world class school in the village of Gangapur, dedicated to giving high quality high school education to underprivileged girls inspiring them to aim higher and work for the development of the country. Social Responsibility Undertaken By Videocon

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Charities Videocon has arranged blood donation on date 26th April every year. Most of their employees participate in blood donation camp. Sports Videocon is inspired heavily by the uplifting values perpetuated by sports. Its the ability to draw people together irrespective of differences in race, gender, religion and country. Unity of spirit and purpose is ultimately what builds bridges between diverse cultures. This is the core belief of a group that today has operations spread over a cross-cultural environment worldwide. The Videocon School of cricket was launched in Kolkata to train budding talent in the age group of 10 to 17. It aims to put about 700 students through the paces every year. Sponsorship of cricketing events across the globe underlies Videocon's commitment and passion for sports as well as its goal to connect with a global audience Energy Conservation The Company consistently pursues reduction in energy consumption in its manufacturing process on an on-going basis. An overall awareness has been created among the employees/workers to avoid wastage of water and power by shutting the power off when not in use. A Quality team has been appointed to closely monitor the consumption of fuel and lying emphasis on non-conventional energy sources. The group takes environment conservation seriously. Videocon's India glass plant has supported plantation of over 2, 00,000 teak trees.

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ReliAnce Industries Limited

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A Brief introduction

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RIL's contribution to the community are in areas of health, education, infrastructure development (drinking water, improving village infrastructure, construction of schools etc.), environment (effluent treatment, tree plantation, treatment of hazardous waste), relief and assistance in the event of a natural disaster, and miscellaneous activities such as contribution to other social development organisations etc. RIL's CSR teams across its manufacturing divisions interact with the neighbouring community on regular basis. Social Responsibility and Community Development

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A network of nine schools caters to 13,251 students spread across geographies in India. CSR teams from RIL's manufacturing divisions and E&P operations work ardently to support the educational requirements of the community and schools in the neighbouring region benefiting thousands of students from the underprivileged section of the society. RIL plays a pivotal role in supporting Government's initiative towards education of girl child. In Gujarat, under the project "Kanya Kelvani", RIL's Dahej Manufacturing Division has extended financial assistance towards education of girl child in the state RIL has created a platform for computer learning in many villages. Its manufacturing divisions have provided computers to primary and secondary schools under the Company's computer literacy initiative Education

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. RIL's Project Jagruti, the project to tackle dyslexia in Surat, is setting the pace for the community's response to the social dogma of the mentally underprivileged children. More than 8,800 hours have been spent by 35 trained teachers and more than 1,000 hours by RIL volunteers to uplift and bring the dyslexic students from the underprivileged segment into the main stream. RIL employee's spouses are supporting this activity and many teaching aids have been developed. NIOS registration has been initiated for Academic Year ("AY") 2011-12 Partnership with similar associations across the country and UNESCO / BBC has been initiated to spread awareness and benefit the students with latest training aids. Awareness stall was put up that attracted thousands at the national book fair organized by Surat Municipal Corporation (SMC)

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The Scheme, launched in AY 2008-09, continues to supportpoor meritorious students. Recipient students of Reliance Dhirubhai Ambani Protsaham Scheme got admissions in junior colleges of their choice. With admissions of AY 2010-11, the total strength of students receiving support under the scheme has gone up to 656. The first batch of the Protsaham students passed out the intermediate examination held in March 2010 with flying colours and from AY 2010-11 onwards, RIL is providing financial aid to the toppers for pursuing their higher studies in engineering and medical streams. ReliAnce Dhirubahi Ambani Protsaham Scheme

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RIL has developed Community Medical Centres near most of its manufacturing divisions to provide comprehensive health services covering preventive, promotive and curative health care services to the community from neighbouring villages. The manufacturing divisions conduct regular health checkups for children in schools of their respective neighbouring regions. Doctors advise children and their parents on various health care issues and personal hygiene. Medical camps were organized by all sites benefitting patients from nearby villages and tribal areas. All patients are given medicines free of cost. As required, all sites have provided ambulance support to roadside accident victims to shift them to hospitals / nursing homes. Patalganga site has conducted a series of health awareness programs in local schools and nearby small scale industries. Community Health Care

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Drishti A unique joint initiative of RIL and National Association of Blind, Project Drishti has undertaken over 9,000 free corneal graft surgeries for the visually challenged Indians from the underprivileged segment of the society. It is the largest corneal grafting surgery project enabled by a single corporate entity in India. The initiative to combat TB, HIV / AIDS is a unique publicprivate partnership program between the Government, NGOs, several agencies and RIL. It extends from creating awareness to providing care, support and treatment including free of cost treatment to those who cannot afford the same. Hazira Manufacturing Division's DOTS HIV / AIDS Centre is one of the largest Anti-Retroviral Treatment Centre (ART Centre) in the country. A 22 bedded hospital for HIV / AIDS patients has been commissioned recently. Manufacturing divisions at Jamnagar and Patalganga too have ART Centre facilities. The initiative was expanded to other manufacturing divisions; activities are largely in the advocacy and awareness area.

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The Primary Health Centre (PHC) at Dahej, Bharuch district, adopted by RIL under the National Rural Health Mission Programme caters to the community health needs of 23 surrounding villages. In 2004, RIL established the PHC at Gadimoga. The PHC has six member medical staff with all the amenities such as two-bed nursing room. Medicines are offered free of cost. Further, RIL runs two sub-centres of the PHC at Bhairavapalem and Laxmipathipuram. RIL is also constructing a new 30-bed PHC and the existing PHC will be shifted to the new building. Health Centre (PHC)

Conclusion : 

The first responsibility to society is to operate at a profit, and only slightly less important is the necessity for growth. The business is the wealth-creating and wealth-producing organ of the society. Management must maintain its wealth-producing resource intact by making adequate profits to offset the risk of economic activity. And it must beside increase the wealth-producing capacity of these resources and with them the wealth of society.Ethics play an importance role in social responsibility. The business organizations must have ethical responsibility as they are doing business, including production, management, and services and so on. Without ethics, it would be danger to the human. Ethics is simply the rules that say what is right and wrong, as defined by a particular reference group or individual. Believed that, the best interest of business organizations is social responsibilities, that would be benefit in the long run of company, can be earn more profit, and benefit to the human and the environment. Conclusion

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Made By Osheen, Parul, Parth, Rhea, Siddharth And Savitri