Business and Social Development

Home/ Business and Social Development
Course TypeCourse CodeNo. Of Credits
Foundation CoreSDS2DS2132

Course Coordinator and Team: Anirban Sengupta

Email of course coordinator:

Pre-requisites: None

Aim: Traditionally, profit emerging out of business was always looked at with certain suspicion. Neo-liberal economic framework has developed a strong alternative to that in recent years. However, even such a framework highlights the need for business to invest considerable part of its profit for social development. While earlier initiatives towards social development were mostly restricted to financial donations, today one can identify advocacy of a much more proactive role of business enterprises. As a result, there’s a gradual movement from philanthropy to corporate social responsibility. At the same time, social entrepreneurship is more and more becoming a popular concept. Other than providing occasional financial donations, conscientious large business in earlier days primarily considered their developmental responsibility to be restricted to the labourers who worked for them. However, today the perspective for understanding the relationship between business and social development has changed considerably. The aim of this course is to unfold before students the gradual transformation in this relationship and understand in details the current nature of such relationship. At the same time, the effort would be to critically engage with each of these concepts. The course is intended for students who are interested in understanding and reflecting on the role of large business in social development.

Course Outcomes:

The course is expected to facilitate development of knowledge about:

1. Significance of ethics in business

2. Connection between business and social development

3. Politics around business ethics

Brief description of modules/ Main modules:

1. Business, Ethics and Society

2. Business and Philanthropy

3. Corporate Social Responsibility

4. Industry and Labour Welfare

5. Social Entrepreneurship

Assessment Details with weights:

S.No.AssessmentDate/period in which Assessment will take placeWeightage
1.Assessment 1First week of February50 per cent
2.Assessment 1First week of March50 per cent

Reading List:

  • Sulek, M. (2010). On the modern meaning of philanthropy. Nonprofit and Voluntary Sector Quarterly, 39(2), 193-212.
  • Payton, R.L. and Moody, M.P. (2008). Understanding philanthropy: Its meaning and mission (Chapter 2: Voluntary action for public good, pp. 27-61). Bloomington, USA: Indiana University Press.
  • Sundar, P. (2013). Business and community: The story of corporate social responsibility in India (Chapter 2: Private wealth for public good, pp. 23-48 and Chapter 4: Merchant charity 1850-1941, pp. 77-113). New Delhi: Sage Publications.
  • Joseph, B., Injodey, J., and Varghese, R. (2009). Labour welfare in India. Journal of Workplace Behavioural Health, 24(1 & 2): 221-242.
  • Kling, B.B. (1998). Paternalism in Indian labor: the Tata Iron and Steel Company of Jamshedpur. International Labour and Working-Class History, 53: 69-87.
  • Sivakumar, N. (2008). The business ethics of Jamsetji Nusserwanji Tata: A forerunner in promoting stakeholder welfare. Journal of Business Ethics, 83(2), 353-361.
  • Garriga, E. and Melé, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics, 53(1/2): 51-71.
  • Hopkins, M. (2006). What is corporate social responsibility all about? Journal of Public Affairs, 6, 298-306.
  • Sundar, P. (2013). Business and community: The story of corporate social responsibility in India (Chapter 6: Towards corporate social responsibility 1960-1990 pp. 163-197). New Delhi: Sage Publications.
  • Carroll, A.B. (1999). Corporate social responsibility: Evolution of a definitional construct. Business & Society, 38(3), 268-295.
  • Bielefeld, W. (2009). Issues in social enterprise and social entrepreneurship. Journal of Public Affairs Education. 15(1): 69-86.
  • Cook, B., Dodds, C., and Mitchell, W. (2003). Social entrepreneurship: False premises and dangerous forebodings. Australian Journal of Social Issues, 38(1): 57-72.
  • Dees, J.G. (2001). The meaning of ‘social entrepreneurship’. Retrieved from
  • Peredo, A. M., and McLean, M. (2006). Social entrepreneurship: A critical review of the concept. Journal of World Business, 41(1), 56-65.


  • Harvey, C., Maclean, M., Gordon, J., and Shaw, E. (2011). Andrew Carnegie and the foundations of contemporary entrepreneurial philanthropy. Business History, 53(3), 425-450.
  • Morvaridi, B. (2012). Capitalist philanthropy and hegemonic partnerships. Third World Quarterly, 33(7), 1191-1210.
  • Slim, H. (2002). Not philanthropy but rights: The proper politicisation of humanitarian philosophy. International Journal of Human Rights, 6(2), 1-22.
  • Jhabvala, R. (1998). Social security for unorganized sector. Economic and Political Weekly, 33(22): L7-L11.
  • Sen, S. and Dasgupta, B. (2009). Unfreedom and wage work: Labour in India’s manufacturing industry (Chapter 5: Labour security in Indian organized manufacturing industries, pp. 154-185). New Delhi: Sage Publications
  • Davie, G. (2011). Social entrepreneurship: A call for collective action. OD Practitioner, 43(1), 17-23.
  • Trivedi, C. (2010). A social entrepreneurship bibliography. The Journal of Entrepreneurship, 19(1), 81-85.
  • Sud, M., VanSandt, C.V., Bougous, A.M. (2009). Social entrepreneurship: The role of institutions. Journal of Business Ethics, 85(1), 201-216.