Reliance Company: A Case Study Of The Reliance Company
CSR STRATEGY A CASE STUDY OF RELIANCE INDUSTRY LTD.
‘Success’ is the mantra of every business house. To meet the competitive edge and promoting business, a company has to seek the recognition of consumer and society to make a brand image. To fulfill above objectives company has to go for different CSR strategies.
Corporate Social Responsibility
CSR is an organization’s obligation to consider the interest of their customers, employees, shareholders, communities and environmental consequences of their business activities. The primary objective of the organization is to make money for shareholders but a number of other objectives might also apply. Some businessmen believe to pay responsibility towards society or contribute to the
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Ambani in (1932-2002), is India’s largest private Sector Enterprise with businesses in energy and material value chain and strong presence in the rapidly expanding telecommunication and Media Sector. Reliance Industry Ltd has 500 companies and includes exploration and production of Oil and Gas, Petroleum Refining and Marketing Petro Chemical, textile, Retail, Infotel and Special Economic Zones. Reliance enjoy global leadership being a largest Polyester Yarn and fiber producer and among the top 5 to 10 producer in the world in major Petrochemical products. Reliance diverse projects and operations influence lives of people in many ways and create value in overall development of communities. Through various initiatives, the group activities play important role by serving communities and projects that bridge up the gap in basic societal requirements. Reliance manufacturing division not only creates thousands of jobs for skilled workforce but also create a strong talent pool by providing training to unskilled workers. Every product manufactured by Reliance carries tag “Made in India” which is a source of great honor and …show more content…
To formulate effective strategic policies are the need of the hour and it become necessary to adopt such instruments so that corporate social responsibility can be best implemented towards goals- sustained environmental, social and economic growth. Above case study tells that Reliance Industry is fulfilling its Social responsibility in an efficient manner thus benefitting million of people belonging to almost all the sections of society. Reliance has largely concentrated its efforts to construct different regimes of the
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