Corporate social responsibility was the concept of the provided theoretical support for the transformation in business management from striving for quantitative expansion to striving for qualitative expansion in the late 1990’s

Corporate social responsibility was the concept of the provided theoretical support for the transformation in business management from striving for quantitative expansion to striving for qualitative expansion in the late 1990’s. CSR aspires to grasp liability for joint ventures and to encourage a positive impact on the surrounding environment and stakeholders including customers, staff-members, venture capitalist, groups and etc. In other words it can be defined as looking at the environment and the communities where the corporations go beyond their financial and economical obligation. CSR should be applied to all the corporations as they have the same status and they function in the same way in the society as human beings. It is not only applied to the owners or stockholders but it is also applied to employees, suppliers, clientele, local community, environmental groups. It can be said that CSR is considered in today’s modern world as everybody’s business.