How the Corporate houses follow CSR and build their reputation

In the modern world, e-commerce is flourishing all over the world. Because of that consumers have a wide variety of products available for them to choose from.  It will not be a surprise if the retail stores become obsolete. 

With the e-commerce, customers will buy the products from socially responsible companies so that these company’s profit margins will go up. Today, customers are willing to pay more if the company is involved in Corporate Social Responsibility (CSR). 

CSR is nothing but how the company relates itself with the outside world or the society. Under the circumstances, it is important that CSR implementation is undertaken by the leading companies. The processes involved in the implementation of CSR are:

    Conduct a CSR assessment

    Develop a CSR strategy

    Develop CSR commitments

    Implement CSR commitments  

    Verify and report on progress

    Evaluate and improve

By implementing CSR, both the top management as well as the employee’s financial and social contributions will increase. The studies show that the profits and competitive advantage will increase. 

when CSR implementation is done. But at the same time the company can still maintain its responsibility towards the stakeholders. The advantages of implementing CSR are as follows:

Implement cost and risk reductions
Develop corporate reputation
Gain competitive advantage

      Seek win-win outcomes through synergistic value creation

Why NGOs prove best partners to corporate to handle CSR activities?

India has now made it mandatory for the companies the requirements on corporate social responsibility (CSR) under Section 135 of the Companies Act, 2013. This is the reason that NGO for CSR in India is gaining popularity among such companies. 

The main motive of this act is to make it mandate for the companies to discharge their social responsibilities with their innovative ideas and management skills. 

This is an aid to bring life to the development in India and uplift the life of the deprived section of the society. In order to fulfill this responsibility, NGOs are proving the best partners to deliver the service to the needy.

In order to make meaningful progress with the finds provided against the development challenges at hand, it is necessary that NGOs are involved. They know where to shift the focus and how to deliver the services that build capacity and enable the market. 

Partnering with an NGO helps to unlock more resources, address market failures and reduces the transaction cost. Just look for the credible NGO and see how well they handle the social responsibilities for their corporate partners. They are best to deliver the service at the right level and monitor the activities each day.

With so much importance of social responsibilities, CSR now opening ways for the companies to handle the wicked issues of the society, invest wisely and follow practices that are really fruitful for the society. 

NGOs definitely provide support and accountability to companies and help to manage CSR activities even in a low budget. Just look for the right NGO for CSR in India and see how you can contribute to the large scale projects even with a small input. 

They are proving as the best partners to strengthen the government best practices and bring changes in the society. For this, ensure you look for a reputable NGO that believes in serving people.