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Corporate Social Responsibility: A Conscientious Take

Corporate Social Responsibility: A Conscientious Take
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Author(s): Chandra Sekhar Patro (Gayatri Vidya Parishad College of Engineering (Autonomous), India) and K. Madhu Kishore Raghunath (National Institute of Technology – Warangal, India)
Copyright: 2018
Pages: 25
Source title: Value Sharing for Sustainable and Inclusive Development
Source Author(s)/Editor(s): Mario Risso (Niccolò Cusano University, Italy) and Silvia Testarmata (Niccolò Cusano University, Italy)
DOI: 10.4018/978-1-5225-3147-0.ch004

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Abstract

A sense of responsibility keeps human on the edge which continuously reminds one of where their pursuit lies. Of course, Responsibility keeps piling up as one grow. In a society where the globe is technologically upgrading every second, the businesses are assigned the challenge to keep the surroundings at balance; this is where the term corporate social responsibility gains momentum. In constantly growing economies, Corporate Social Responsibility (CSR) is the force which keeps organizations stay afloat and is the make or break point. Realising this, the economies of world are jointly or individually pursuing the corporate goals towards society in different areas. CSR is the vantage point which is titled to aid an organization's mission as well as a guide to what the company stands for its consumers. The aim of the chapter is to articulate how corporate social responsibility has become the most valuable touch point of the society to survive among different companies and highlight the various issues and challenges in CSR implementation and regulation.

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