Corporate Social Responsibility
Corporate Social Responsibility (CSR) is a concept adopted by organisations which escorts them to participate in activities beneficial for the society. All of these advantages and disadvantages, along with its structure and composition, are in part some of the cause for the differences in viewpoint on what social responsibility is, what it should be, what it should encompass, and what it should accomplish (Anderson, 1989, p. 5).
CSR at one end indicates those who strongly believe that organisations are in business solely to produce goods and services that societies want, be they life-saving devices, legal advice, or atomic weapons and that they are entitled to make a profit in return. Such people do not consider social responsibility as an issue. At the other end, there are those who believe that organisations should be allowed to do business only if they do no harm, help solve social problems, and put some of the profits they earn back to work for society (Sims, 2003, p. 45).
We can say that the concept of social responsibility is actually that of social responsiveness which is a continually evolving concept and means different things to different people. There is no particular definition of CSR, in fact numerous studies conducted since 1970s and 1980s attempted to relate CSR to various kinds of socially responsive activities which when presented before the business manager, measures and tabulates the relative frequency of response. ...