An international perspective on corporate social responsibility and its role in community development

1Citations
Citations of this article
130Readers
Mendeley users who have this article in their library.
Get full text

Abstract

Corporate social responsibility (CSR) refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. This article analyses the meaning of CSR based on some theories available in literature. It is argued that three theories namely utilitarian, managerial and relational theories of CSR supported by works of other scholars in the area could be used to suggest that CSR becomes an international concern due to globalized nature of business that knows no border. CSR is evolving in its meaning and practice. The article then discusses the role of CSR in community development because the very logic of CSR is towards seeing its impact in community socially, environmentally and economically. Competencies required by CSR managers are also analysed in order to have a better understanding of the practical aspects of CSR. Finally, conclusions and implications for future research are discussed.

Cite

CITATION STYLE

APA

Shanmuganathan, S. (2019). An international perspective on corporate social responsibility and its role in community development. International Journal of Recent Technology and Engineering, 8(3 Special Issue), 392–398. https://doi.org/10.35940/ijrte.C1084.1083S19

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free