To Study Problems and Issues Faced By Smes in Adopting Corporate Social Responsibility (CSR) Practices In The State Of Gujarat
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 5
Abstract
Corporate social Responsibility is very important terminology in today’s business world. The term itself has been evolving since 1950s and today it has changed its relevance from merely a responsibility to strategic orientation that makes businesses responsible for society as well as environment and for other stakeholders and at the same time the efforts towards it bring fruits too. Large companies have understood the relevance of the concept of Corporate Social Responsibility but SMEs are yet to involve. SMEs contribute immensely in a country’s economic development while consuming all resources haphazardly therefore to understand the CSR and start engaging in CSR practices is a need of the hour for SMEs now. In that context when SMEs think and/or implement CSR practices, with what kind of problems and issues, SMEs may have stuck are important to study. Ultimately it is a fact that they run their businesses in utmost constraints of all kinds of resources; be it time, manpower, technology, money or knowledge. Hence it is difficult for them to think and implement CSR. This paper concentrates on problems and issues faced by SMEs when engaging in CSR as well as reasons of not adopting CSR in the state of Gujarat.
Authors and Affiliations
Ratna Oza, Dr. Tejas Dave
Keywords
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