A Study on Corporate Social Responsibility: Historical Background and Impact on Organizations & Society

London Journal of Research in Humanities and Social Sciences
Volume | Issue | Compilation
Authored by Prashant Pareek , NA
Classification: For Code: 160899
Keywords: corporate social responsibility, historical and religious context, impact on organizations and society, legal implications.
Language: English

A very simple understanding of the word ‘Corporate Social Responsibility’ (CSR) is that it is a relationship between business organization and the society with which they interact. Under CSR, business organizations voluntarily embark on various development activities for the welfare of the society. However, there are several other benefits attached to CSR activities which give business organizations additional impetus to get involved in such activities. These are the advantages like creation of goodwill, branding, risk minimization, consumer and employee satisfaction, etc. Currently business organizations are involved in CSR activities like, fostering the growth of education, health care, environment protection, rural development, women empowerment, labor welfare, anti-corruption, etc.
This paper tries to explore, through secondary data analysis, about the evolution of Corporate Social Responsibility as an idea and then as a concept which is now mandatory by law for a particular category of organizations. The fundamental aim of this paper is to understand the impact of Corporate Social Responsibility activities on organizations and society. The literature which has been reviewed gives an insight about the religious and historical context about CSR as well as its impact on organizations and various sections of society. This paper is based on secondary data study with relevant literature has been taken into consideration to achieve the objective.



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