What is Modern CSR Approach

Institutions have various responsibilities in terms of all the actors they interact with while carrying out their activities. At the point reached today, it is not possible to survive for an enterprise that is run only by profit maximization and by considering the needs of its shareholders. Global awareness and the rapidly developing sustainability idea in this direction are gaining importance at the businesses level as well. Both the legal obligations put forward and the social awareness that has arisen oblige businesses to take care of all stakeholders while carrying out their activities. This formation, which is widely concerned in the management organization literature, is shaped within the framework of corporate social responsibility concept. Within the scope of this chapter, the relationship of CSR with stakeholder theory, classical and modern approaches of the concept, and basic conceptual models are included.