Paper2 CORPORATE SOCIAL RESPONSIBILITY

PAPER ID:IJIM/V.7(II)/8-10/2

AUTHOR: Seema Aggarwal and Pooja Garg

TITLE: CORPORATE SOCIAL RESPONSIBILITY

ABSTRACT: In recent years, the understanding of CSR has gained increasing interest by all sorts of business entities in the world. It may be topic of debate that this appropriate as most of the economies of the world are moving towards the growth and a move market based orientation. Moreover, a huge number of these economies have totally different legal framework, political interface, cultural influences and socio-economic environment. These factors undoubtedly affect the ways and means for pursuing CSR. In view of the increasing importance of the concept of CSR, it is imperative to study all the major types of CSR which are broadly divided into four categories namely Economic Responsibility, Legal Responsibility, Ethical Responsibility and Philanthropy Responsibility. There are some other forms of CSR such as Environmental Responsibility, Social Responsibility etc. But this paper focuses on the four major types only.

KEYWORDS: Corporate Social Responsibility, Business philanthropy, Management.

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