Tata Group Corporate Social Responsibility Essay

Case Study: TATA Group As a part of satisfying their Business ethic concern TATA group spent Rs 1,000 crore on corporate social responsibility last year. The TATA Group has gone into the core areas of skill development, health education, and it is emerging as on of the biggest spender of the group. Most of the TATA companies spend more than 2% of their profits on CSR activities. It is also accredited with various labour welfare laws for `example; the establishment of Welfare Department was initiated in the year 1917 and enforced in the year 1948. Maternity benefits were also implemented in 1928 and enforced by law in 1946. In Orissa, company enhances the life of 25000 families in 500 village areas of Impact land and water

Tata Group serves the concern of Business ethics through corporate social responsibility with cent percent commitment. At Tata the motto of sustainable development of community is not just a mission statement, but it’s a living tradition. The company not just stands for the development of the nearby communities but also concerned with the development of far away communities and societies. Tata also pays efforts to provide healthcare, educational and other basic facilities to the rural areas of the country. It also invests crores of rupees for the development of infrastructure, alleviating poverty and for providing employment opportunities to the marginalized and deprived sections of the society. Corporate Social Responsibility is a great concern in modern business world. It is the obligation and duty of industries or firms to contribute a part of their profit for societal development programmes. In many firms where CSR is not compulsory, but most of them perform CSR activities to dealt with their concern of Business Ethics. Business Ethics accommodates CSR and many other factors for community development programmes for fostering societal development in the country for its

In the earlier industrial era, political powers are sufficient enough to suppress their economic powers since governments were able to regulate their national economies. Business Ethics concerns are vast in today’s business environment and the firms are trying to achieve their maximum through various measures including Corporate Social Responsibility. Increasing investment on CSR can solve new Institutional Economics problems such as Information Asymmetry. Nowadays the consumers are informed and use the information to weld the power over firms and