Comments on: Tata, Corporate Social Responsibility and Milton Friedman http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/ Issues & insights Tue, 7 Oct 2008 11:44:03 +0000 http://wordpress.org/?v=2.6.1 By: Andrew http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-268676 Andrew Sat, 27 Sep 2008 12:19:18 +0000 http://indianeconomy.org/?p=123#comment-268676 Yazed, From what you say, (and I note the differing views expressed by fellow commentators on this issue) Tata Motors is a wonderful example of how a socially responsible corporation should seek to conduct itself. I hope that the company is able to maintain its core values as it continues to move toward being a global company. If so, it would provide a wonderful example for companies in all countries to follow. Yazed,

From what you say, (and I note the differing views expressed by fellow commentators on this issue) Tata Motors is a wonderful example of how a socially responsible corporation should seek to conduct itself.

I hope that the company is able to maintain its core values as it continues to move toward being a global company. If so, it would provide a wonderful example for companies in all countries to follow.

]]> By: Now, Mamata is against Tata’s retail entry | Indianomics http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-268571 Now, Mamata is against Tata’s retail entry | Indianomics Sat, 30 Aug 2008 18:24:17 +0000 http://indianeconomy.org/?p=123#comment-268571 [...] there is one company which is socially responsible and done a greater good to the Indian population it would definetly be Tata Group. Sure, there are [...] [...] there is one company which is socially responsible and done a greater good to the Indian population it would definetly be Tata Group. Sure, there are [...]

]]> By: neville http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-268570 neville Fri, 29 Aug 2008 18:50:54 +0000 http://indianeconomy.org/?p=123#comment-268570 for all the cynics here can u please let me know which industrial house has done more for the country? which industralists can hold their head as high as the Tata employees? for those who call their social efforts marketing please refer to what they did pre-Independence. for all the cynics here can u please let me know which industrial house has done more for the country?
which industralists can hold their head as high as the Tata employees?
for those who call their social efforts marketing please refer to what they did pre-Independence.

]]> By: SANDY http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-268438 SANDY Mon, 18 Aug 2008 14:05:28 +0000 http://indianeconomy.org/?p=123#comment-268438 Hats of to tata for making revolution in indian automobile industry.it has proved that indians can also produce quality products at cheaper rate' Hats of to tata for making revolution in indian automobile industry.it has proved that indians can also produce quality products at cheaper rate’

]]> By: Neeraj http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-180153 Neeraj Thu, 21 Jun 2007 03:32:49 +0000 http://indianeconomy.org/?p=123#comment-180153 Read my post at http://cantcme.blogspot.com/2007/06/mr-hyde-of-business.html on how Tata is robbing from the poor (Indian farmers) to pay the rich (European shareholders) ... it's disgusting! Shame on the Tata family. Read my post at http://cantcme.blogspot.com/2007/06/mr-hyde-of-business.html on how Tata is robbing from the poor (Indian farmers) to pay the rich (European shareholders) … it’s disgusting! Shame on the Tata family.

]]> By: no consultation http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-166851 no consultation Tue, 05 Jun 2007 11:49:19 +0000 http://indianeconomy.org/?p=123#comment-166851 This is a one super duper site This is a one super duper site

]]> By: Dhruva http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-146639 Dhruva Fri, 20 Apr 2007 14:28:42 +0000 http://indianeconomy.org/?p=123#comment-146639 Oops.. sorry i forgot to post it. Heres the link: http://www.bhopal.net/tata_rapsheet.html Oops.. sorry i forgot to post it.
Heres the link: http://www.bhopal.net/tata_rapsheet.html

]]> By: Dhruva http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-146638 Dhruva Fri, 20 Apr 2007 14:27:23 +0000 http://indianeconomy.org/?p=123#comment-146638 How 'responsible' is Tata, really? While the Tatas spare no effort to make their CSR well known, here's a little stuff that may be worth considering. How ‘responsible’ is Tata, really?
While the Tatas spare no effort to make their CSR well known, here’s a little stuff that may be worth considering.

]]> By: Steve http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-117830 Steve Thu, 08 Mar 2007 07:56:15 +0000 http://indianeconomy.org/?p=123#comment-117830 Does anyone remember the 70s & early 80s? Didn't Reagan era answer most questions in this regard. And yes there were problems (S&L crisis) but didn't the U.S. economy take a Quantum Leap since then? Does anyone remember the 70s & early 80s? Didn’t Reagan era answer most questions in this regard. And yes there were problems (S&L crisis) but didn’t the U.S. economy take a Quantum Leap since then?

]]> By: ik http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/#comment-103538 ik Tue, 13 Feb 2007 18:42:31 +0000 http://indianeconomy.org/?p=123#comment-103538 I think its good marketing and nothing more. The reason, in my opinion, why they have entered in Bangladesh and not in US is because given there business model it is easier for them to be profitable in Bangladesh than in the US. Secondly, if Tata's feel that the overall productivity of the workforce is more because of there overall policies then I don't see any contradiction. This might be a good policy to maximize profits. Regarding comment about Warren Buffet - He is distributing his personal wealth. I don't see how it goes against capitalism. And having higher estate tax might not be a totally bad thing. Overall a flat tax rate and zero deductions might be the most efficient policy. But in reality its not happening in the US or in India. Tax is the only way to finance gvt expenditure and estate tax might not be bad thing. I think its good marketing and nothing more. The reason, in my opinion, why they have entered in Bangladesh and not in US is because given there business model it is easier for them to be profitable in Bangladesh than in the US. Secondly, if Tata’s feel that the overall productivity of the workforce is more because of there overall policies then I don’t see any contradiction. This might be a good policy to maximize profits.

Regarding comment about Warren Buffet - He is distributing his personal wealth. I don’t see how it goes against capitalism. And having higher estate tax might not be a totally bad thing.

Overall a flat tax rate and zero deductions might be the most efficient policy. But in reality its not happening in the US or in India. Tax is the only way to finance gvt expenditure and estate tax might not be bad thing.

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