This research aims, firstly, to initiate the reader by the concept of social responsibility of firms. Our paper provides some historical background and perspective. In addition, it provides a brief discussion of the evolving understandings of CSR and some of the long-established, traditional arguments that have been made both for and against the idea of business assuming any responsibility to society beyond profit-seeking and maximizing its own financial well-being. Finally, the goal is also to discuss the empirical aspect of CSR policies.
Keywords: Corporate Social Responsibility, Management, Review of Concepts
