Need of CSR in SMEs and Their Structure

Abstract

In developed countries, a significant amount of research on corporate social responsibility (CSR) has taken. Since the concept of CSR has evolved in developed countries, the organisations in these countries were the earliest to be aware of the CSR relevance to sustainable development. Nowadays CSR has gained significance for organization globally. On the other hand, there needs to be more research on CSR in small and medium enterprises (SMEs), especially in India. Literature lags behind the social reality and diversity, specifically in the case of CSR in SMEs. The author has tried to understand the need for CSR within SMEs and engagement in CSR by taking in-depth interviews with SMEs. It includes the structure of CSR conducted by SMEs, the formal and informal structure of CSR by SMEs, whether they assess the need of the community, causes they support, identifying beneficiaries, funding of CSR initiatives and stakeholders.