The Discourse of Corporate Social Responsibility: A Holistic Approach

Abstract

It is a radical discourse through which the concept of CSR has presented itself over time. As it stands today, there are different views on CSR and regarding its use by a business entity. This paper sees CSR from different perspectives abstaining from criticizing different school of thoughts regarding the issue. CSR as an action is understood from a philosophical perspective by seeing it in the lights of Aristotelian Praxis on one hand and from the viewpoint of Post Structuralist philosophy on the other. The main purpose of going in to such a philosophical discourse is to get an understanding regarding differences in the impact of the action of CSR with changing theories. Its importance in the society has been shown using Althusserian over determination. Finally, the paper deals with a mathematical difference equation model to derive certain theorems and corollaries for understanding importance of CSR with respect to an individual firm.