➤ 1. DEFINITION OF CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility is a commitment to improve community well being through discretionary business practices and contributions of corporate resources. ➤ 2. ALSO KNOWN AS CSR is also referred to as: 1. Corporate or business responsibility 2. Corporate or business citizenship 3. Community relations 4. Social responsibility ➤ 3. MEANING OF CORPORATE SOCIAL RESPONSIBILITY (CSR) Corporate Social Responsibility is the sense of obligation on the part of companies to build certain social criteria and manage the business activities by taking strategic decision. Socially responsible companies should consider various issues, from the organization of the firm to building rel...