An Overview of Corporate Social Responsibility

Abstract

Corporate social responsibility has attracted attention in business, social and economics literature. It has brought numerous benefits to both the business organization and the respective society despite the challenges facing its implementation. Despite its seemingly obvious benefits, the concept is still fuzzy since it is generally not clearly understood. However, an undeniable fact is that there should be a blend of key aspects of corporate social responsibility that will become a guiding tool for knowledge development, corporate decisions and policy development. It is within this context that this paper gives an overview of corporate social responsibility by synthesising various literatures concerning its meaning, reasons for its creation, its forms, benefits, challenges and possible solutions.

Keywords: Corporate Social Responsibility

JEL Classification: M14