Corporate social responsibility of small business entrepreneurs: a critical review of stakeholder's perspective

This paper has two purposes: (i) to access how small businesses entrepreneurs are involved in Corporate Social Responsibility (CSR) and (ii) to assess the knowledge and information which may be of help in understanding the current thinking and findings on the different aspect of CSR. This paper also takes into account perceptions of various stakeholders of small business enterprises. The findings of this paper reveal that entrepreneurs engaged in small business are still to find a way to move further in CSR. CSR practices of small business entrepreneurs in various nations differed in the managerial exercises. It is found that that there is more CSR doings in Northern as compared to Southern Europe. The study recommends that small businesses have to understand that CSR actions can correspond to public relations approach, predominantly in the present market surroundings in which stakeholders might have strong concern for the welfare of the society.