A reduced system is a smaller system derived in the process of analyzing a larger system. In solving for steady state probabilities of a Markov chain, generally the solution can be found by first solving a reduced system of equations which is obtained by appropriately partitioning the transition...

Purpose – The purpose of this paper is to attempt to develop a framework that will help managers to design firm level corporate social responsibility (CSR) initiatives which can be of strategic interest for an organisation. Design/methodology/approach – The paper reviews concepts from the...