Corporate Social Responsibility: Historical Evolution and Analysis

This report presents a literature review on the history and evolution of Corporate Social Responsibility (CSR). It examines the factors that have shaped the understanding and definition of CSR, including academic contributions, international policies, and social and political events. The review traces the evolution of CSR from its early stages in the 1930s, highlighting key historical events, such as the rise of social movements and the increasing focus on stakeholder engagement. The analysis explores the changing social expectations of corporate behavior, the implementation of CSR in business, and the strategic dimensions of CSR, including its impact on financial stability, employee engagement, and environmental sustainability. The report concludes by emphasizing the relationship between social expectations and the understanding and implementation of CSR for creating shared values and addressing current social expectations.

A literature review of the
history and evolution of
corporate social responsibility

◦ The distinctive historical perspective of Corporate
social responsibility(CSR) is discussed in the
article.
◦ International policies, social as well as political
events are discussed which influence the
evolutionary process of the CSR.
◦ The findings are analyzed which includes the
social expectation of change in corporate
behavior.
◦ The key historical events are analyzed in the
evolution of CSR.
Introduction

 The objective of article is analyzing the
main factors which included the
evolutionary process of CSR.
 The article includes the implementation of
CSR in business.
 It provides a historical perspectives on the
evolution of CSR.
 The generation of sustainable values is
considered as the main objective of CSR
Main Objective

 CSR begun in early 1930’s.
 In the article, the various concepts and
definition of CSR are described.
 Literature review included the research
paper, journals, articles, magazines, books
and reports.
 The social components of CSR were
analyzed by the authors.
Background information

 Main concern of society is to revolve around
the rapid population growth, pollution and
resource depletion.
 In 1960, new social context was marked for
protesting towards the culture.
 In 1970, CSR and management was
considered and committee were formed.
 Committee for economic development were
formed for the relation between business
and society (Agudelo, et al., 2019).
History of CSR

 In 1970, corporate social responsibilities
were analyzed and included the economic,
ethical and discretionary expectations.
 CSR were inclined by the social movements
and new laws.
 In 1980, the operationalization of CSR which
included the involvement of customers,
employees, stakeholders for the business
ethics.
 In 1990, CSR and globalization were
involved for the social responsibility and
approached for sustainable development.

 Mission and objectives of company
 Specificity- Gain specific benefits for the firm
 Proactivity- creating strategies in anticipation of
social trend.
 Voluntarism- it includes the discretionary process of
decision making.
 Visibility-analysis of internal and external
stakeholder's.
Five dimensions of strategic
CSR

 Recognition and expansion of CSR
 Strategic approach to CSR
 Key areas are
 societal impact- Promoting sustainable
business practices
 membership engagement and satisfactions
 financial stability
 employee engagement
 environmental impact
Implementation of CSR and five
key areas

 In 2000, CSR was defined as the obligations
to the organization for its stakeholders-
people affected by practices of the firm.
 SCSR was considered for the competitive
advantages.
 The main strategic dimensions were
analyzed which are visibility, appropriability
and voluntarism.
 The creation of shared value was considered
in CSR in 2010 (Kurian and Kapoor, 2015).
Strategic approach to CSR

 New components of SCSR are optimization of
value and maximization of profits.
 Responsibility of firm are discussed in article.
 CSR and the creation of value were linked for
increasing customer loyalty, attracting new
customers and developing the areas for new
opportunities (Carroll, 2008).
Main findings

 In conclusion, it is analyzed in the article
that there is a relation between social
expectation of corporate behavior and
understanding and implementing the CSR.
 CSR are implemented in the business for
creating shared values.
 It helps in addressing the latest social
expectations of generating the shared
values.
Conclusion

 Agudelo, M. A. L., Jóhannsdóttir, L., & Davídsdóttir,
B. (2019). A literature review of the history and
evolution of corporate social
responsibility. International Journal of Corporate
Social Responsibility, 4(1), 1.
 Carroll, A. B. (2008). A history of corporate social
responsibility: Concepts and practices. The Oxford
handbook of corporate social responsibility, 19-46.
 Kurian, D. A., & Kapoor, S. (2015). Evolution of
corporate social responsibility. International Journal
of Research in Commerce, Economics &
Management, 5(5), 21-27.
Reference