Logo

Corporate Social Responsibility (CSR) is referred to as the business responsibility and an organization's actions on environmental, social, ethical and economic issues of its surroundings. It is usually described in terms of a company considering, managing and balancing the economic, social and environmental impacts of its activities. A business organization cannot work in isolation and the extent to which a business organization should consider the environmental, ethical and social issues in its working foregoing a part of its profit for the betterment of the society as a whole, the constituents of which are its employees, environment, moral and ethical issues etc. A company which fails to do so is jeopardizing its commercial future. In India, the ethical and moral model initiated by Mahatma Gandhi during 1930s is well known which affirmed the responsibility of family run-businesses conducting social and economic activities. Corporate social responsibility has no standard definition. Whatsoever business houses functions in the domestic and global economy. On other hand they have to also address the needs of the share holders demands on time. Corporate houses or business companies are basically aimed to make maximum profit out of their business. They are not the charitable institutes. However, sometime they may need to fulfill corporate accountability, responsibility and stewardship. In a most philosophical meaning we can say since corporate are working in the society they must (?) address the social problems by sharing small portion of their total profit.