September 19, 2019

Corporate Social Responsibility (CSR)

Responsibility to shareholders Recognise the investments Protect the interests of the shareholders Provide a reasonable dividend Strengthen and consolidate position of the company. Responsibility to employees – success of an organisation depends to a large extent on the morale of the employees and their wholehearted cooperation.  Payment of fair wages Provision of best possible working […]

What is Triple Bottom Line (TBL) concept?

A new framework to measure performance in corporate world which went beyond the traditional measures of profits, ROI etc to include environmental and social dimensions.  An important tool to support sustainability goals. It is based on the pillars – People, Planet and Profit. An accounting framework that incorporates three dimensions of performance: social, environmental and […]

NGO

NGO Any non-profit, voluntary citizens’ group which is legally constituted, organized and operated on a local, national or international level.  They are task oriented and driven by people with a common interest.  An organization that is neither part of a government not a conventional for-profit organization May be funded by governments, foundations, schools, businesses or […]

Business, Society and Government – a comparison of their objectives

Business Society Government Reduce costs To have enough to eat and drink Manage resources fairly and cost effectively Increase sales Shelter from the environment and threats Support the population Maximise profit Education and healthcare Provide a regulation framework Improved lifestyle Self development