Corporate Social Performance is gaining spectacular attention, widespread popularity & enormous momentum from different stakeholders at national and international level. With the passage of time, the corporate social performance movement has received vast recognition from various world-famous organisations like World Bank, UNDP, OECD, European Commission and MNCs. The focus of organisations has also undergone a paradigm shift from shareholders to stakeholders. In today’s competitive business world, the success and failure of a business organisation depends upon the satisfaction of stakeholders such as shareholders, consumers, suppliers, employees, labour unions, regulators, analysts etc. The growth of industrialisation is being witnessed in every nation.
Industrialisation has brought both benefits and drawbacks to a nation. It becomes very important for the corporate world to perform beyond business and provide a solution to problems like hunger, illiteracy, deprivation, unemployment, environmental issues etc. It is not the sole responsibility of the government to work for the betterment of society but the business organisations must recognize it as their utmost duty and work with sincerity to uplift the society.