Corporate Social Responsibility IntroductionThe sole purpose of businesses is not only to make profits, but they are also responsible for the development of people and society. If multinationals continue to neglect their responsibility in the social sector, this will eventually affect their business too. Today, customers are more aware and usually analyze a company based on their participation in the social sector. The concept of corporate social responsibility is not very old. It emerged recently and requires large companies to spend a small share of their profits on respected social projects. The concept of corporate social responsibility is not legal but moral. It is not the legal responsibility of large companies to devote themselves to social development, instead it is their moral duty to respond to the social needs of people. Discussion Many large companies excessively participate in social projects, especially providing scholarships to students. That said, they have sponsored many projects related to the environment, poverty, health and education. It is believed that most large businesses engage in social projects in developing countries since developing countries are more in need of social development than already developed countries. So, this leads to the sole reason why they are engaged in social development projects in these countries. The concept of corporate social responsibility has become very broad due to increased customer awareness and the rapid development of information technology. Corporate social responsibility is now not only considered a moral concept, but has been linked to the s...... middle of paper ......een, which is used to distract the public from corporate corruption and scandals . Such critics argue that CSR, in itself, is an inadequate solution to the problem of corporate errors. Some opponents of CSR argue that socially responsible ideals such as environmental sustainability are impossible to achieve within a capitalist economic system that promotes free markets and globalization. They argue that although CSR has indeed penetrated most large U.S. companies, true social responsibility will continue to elude those companies. Meanwhile, those who continue to support CSR say they will remain adamant in their efforts to push the CSR philosophy into corporate boardrooms across the country. Business leaders need to be continually reminded that they should work for the good of the world and not just to fatten their wallets, they said.