Corporate Social Responsibility ( Csr ) - 1314 Words

Social responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving rise to corporate social responsibility (CSR) . This paper discusses about the ways and methods of CSRs that are applied in the University of Wisconsin and the impact these methods created on the social, environmental and ecological fronts of the†¦show more content†¦The CSR has become an integral part of all the international business activities and catching up as a main stream activity with the educational institutions and universities . The University of Wisconsin has also done its part in dedicating its financial resources and man power to fulfill the implementations of the CSRs for the past one and half centuries. Adhere to the Corporate social responsibilities has started in the UW not in the recent times but dated way back to the 19th century. The University of Wisconsin tightly adheres to corporate social responsibility shaped up in the name of â€Å"Wisconsin Idea†. The idea was first attributed to UW President Charles Van Hise in 1904. . It suggests the principle that education should influence and improve people’s lives beyond the university premises . In the earlier days of 20th century, the university has helped the state in all the segments from state administration to dairy farm economy . The university faculty has teamed up with the legislators to help guiding the state’s administration by applying their academic knowledge. They drafted some of the nation’s finest laws which include tax reforms, nation’s first workers’ compensation and public utility regulation . The farming industry was the largest revenue generating industry in Wisconsi n those days. Hence the university also helped the state on the dairy and agricultural front by research breakthroughs and new