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Some scholars define social responsibility as “achieving commercial success in ways that honor ethical values and respect people, communities and the natural environment” (Cramer & Hirsehland, Nov/Dec 2006).

CSR can be identified with several definitions. Once Votaw wrote ‘‘corporate social responsibility means something, but not always the same thing to everybody...

Once Votaw wrote ‘‘corporate social responsibility means something, but not always the same thing to everybody. To some it conveys the idea of legal responsibility or liability; to others, it means socially responsible behavior in the ethical sense; to still others, the meaning transmitted is that of ‘responsible for’ in a causal mode; many simply equate it with a charitable contribution; some take it to mean socially conscious; many of those who embrace it most fervently see it as a mere synonym for legitimacy in the context of belonging or being proper or valid; a few see a sort of fiduciary duty imposing higher standards of behavior on businessmen than on citizens at large’’ (Votaw, 1972)...

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