Socio-economic Development and Value Creation Through Corporate Social Responsibility: A Case Study of Bosch India Foundation

Princy Thomas, P. K. Thomas and Nidhi Agarwal

Chapter 15 in Business and Society:Issues and Cases in the Indian Context, 2024, pp 301-327 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In recent years, it is mandatory for profitable organizations in India to work toward Corporate Social Responsibility (CSR). Many thinkers in the industry have appreciated the move of the Indian Government by mandating profitable businesses to take responsibility for society by sharing certain portions of the profit made by these organizations. This study focuses on various initiatives taken by BOSCH India Foundation (BIF) for socio-economic development and value creation through its CSR activities. The primary data are collected by conducting interviews with the senior-level managers working in the CSR department of the Bidadi plant. The data are also collected by visiting the field of action, discussing with various stakeholders and observing their initiatives. The secondary data are collected from published sources and official records of the company. This case study shows that BOSCH India Foundation is focusing on the development of the villages in Bidadi. Their CSR initiatives focus on education, agriculture and livestock development, health and hygiene, environment, women empowerment, youth development and access to potable water. This study analyzes the economic and social impacts it has created in the society. The case provides new insight for researchers and students about the CSR approaches and best practices which can be a model for companies working on CSR projects.

Keywords: India; Indian Business And Management; Corporate Social Responsibility; CSR; Industrial Symbiosis; Circular Economy; Industrial Symbiosis; Social Entrepreneurship; Sustainability; Innovation; Indian Diaspora (search for similar items in EconPapers)
JEL-codes: L26 M1 M14 M16 (search for similar items in EconPapers)
Date: 2024
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