Role of Csr in Social Development of Our Country

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 development of our country. 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.