Corporate Social Responsibility: Understanding CSR in Layman’s Language and Its Use for Goodwill Creation

Business of a business is to do business but the objectives of business are not limited up to earning profits and getting fi-nancial position. The term “Corporate Social Responsibility ” (or CSR as we will call it throughout this paper) claims to the corporate sectors and business industries to understand and think about it because it has been the most talking issue in recent times and is very emerging tool at present times. Some Indian companies believe that following the laws & regula-tions of companies act fulfills their need for social responsibility. This paper is an attempt to change the mindset of such companies and explain the meaning of CSR in Layman’s language to give a better and easy understanding of CSR activi-ties and revealing many other potential opportunities. Attracting the leaders and readers of corporate industries, small scale industries and in government industry for participation. To aware and attract upcoming scholars of higher education and in academia in the CSR related field. Hence it is an initiative to let them all know that what actually CSR is and what can be the role of corporate sector in society welfare through sustainable, transparent business process and social activi-ties. Also explore that how CSR can be used as a tool for goodwill creation for MNCs as well as SSI