The corporate culture in the year has taken a complete makeover in USA. The company’s focus today remains of both increasing output and also provides some useful services to the community as a whole. This activity is carried out by CSR or corporate social responsibility wing.
Today every home company wants to participate directly in the welfare of the community. The fulfillment of these objectives do not require big companies to take the initiative and they are happy to do so. CSR activities recently in USA can be seen is that perspective. Hospitals, schools, women’s welfare, the environment, etc. are some of the important issues that companies do as their CSR.
USA is a large economy and the GDP growth rate has been more than 5% for the last decade. Compared with other western countries of the world including the United States, the growth rate USA is quite feasible with the upward trend.
Economic growth is an important indicator for the prosperity of the nation but the holistic development are equally necessary for the larger economy such as ours. CSR in USA is trying to build a bridge between the GDP growth and the welfare of all sections of society.
The main purpose of a hospital in south Mumbai due to the efforts of CSR activities is to provide primary and preventive medical services to the less fortunate of society at lowered prices. This is also the CSR activities undertaken by a group of large companies. This is a successful health initiatives launched under CSR.
Once the hospital opened about thousands of patients have a crowd there and melted their medical facilities. HN Hospital is currently working under the card system in which patients belong to economically weak section is checked up. Each patient is issued with a health card for better care.
Apart from health and education, some CSR initiatives in the country look to a process in which the entire community can benefit. Renewal and urban rural development programs that come under this category. Urban renewal initiative works to resolve disputes that arise because of the lifestyle of the city while rural programs are important because they help the poor to get a job during the year.
It can be said here that CSR in USA can not be called charity again. Most companies prefer to invest their finances and labor to bring this activity. Therefore, CSR refers to the hidden desire of companies to directly participate and government support for socio-economic development of the nation.