5. SUGGESTIONS
Going with the example of Gillette,
Fannie Mae, Philip Marries, Walgreens,
Etc., TATA steel should change according to the changing
Environment and start balancing the commitment to
Community With the EVA+ goal of the company.
However, while outsourcing some activities is a viable
option, some vital activities such as Healthcare,
Education should be taken care by TATA Group itself.
•Deteriorating
quality of service
outsourced
•2nd party not
adhering to TATA’s
standards
•Start a pilot project by
implementing less
tedious activities
•Administering civil
services to Jamshedpur
with outsourced
executive team with
TATA’s head as the
Business heads.
7. EXAMPLES
• M & M partnered with NAANDI Foundation to improve livelihood opportunities &
Prosperity of Farmers
• SMILE Foundation partnering with Godrej, Infosys, Philips, SBI Life, Blackrock, etc.
for their programs such as Employee Engagement, Youth Support, pay roll giving,
etc. Ref_http://www.smilefoundationindia.org/csr.htm
• HUL starting its SHAKTIAMMA project towards the empowerment of Women in
the rural employees in co-ordination with the local NGO’s
• 67% of the Companies chose to outsource the CSR activities and manage
independently in co-operation
Ref_http://www.business-standard.com/article/companies/67- companies-
chose-ngos-for-csr-implementation-110010200029_1.html
8. EXAMPLES
• Nuskin
• Starbucks
• Tommshoes
• Nestle
• Benefits of CSR on successful companies
o Responsible businesses have managed to attract more
investors
o Overall positive impact on society, whilst making
money
o Trend setters in the market
o Increase in credibility and authenticity
o Reflection of human side of company to their consumer