Create a 13 pages page paper that discusses managing for future. Part I: Analysing the environment Corporate social responsibility Tata steel is one of the firms which were the first to have a fully fledged corporate social responsibility program, not only in India but also around the world. This began with its founder in the early 20th century, who in his own words said that In a free enterprise, the community is not just another stakeholder in business but is in fact the very purpose of its existence" (Srivastava, 2012, p. 20). In the current time, Tata Steel Ltd. has a well grounded corporate social responsibility program which includes community development, environmental sustainability, employee relationships etc. This has made Tata to be recognized around the world due to its pioneering in this area (Mahesh, 2001). According to Mahajan (2003), Tata Steel Ltd. today spends between 5 and 7 % of its after tax profits to facilitate corporate social responsibility activities. This is a commendable amount of money to spend in corporate social responsibility programs. In this case study, commissioned and selected for studying the topic of CSR by The Energy and Resources Institute (TERI), it becomes very clear that Tata is one of the firms which have taken corporate social responsibility in a very serious way.
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