Author : Anish Devale, Dr. Shabnam Mane Mahat
Date of Publication :5th June 2025
Abstract: This study explores the dynamic relationship between Corporate Social Responsibility (CSR) and its impact on entrepreneurship and technological innovation within companies. Amidst a growing emphasis on sustainable business practices, CSR has evolved beyond mere compliance and philanthropy, embedding itself within the core strategic frameworks of modern enterprises. Through a mixed-methods approach involving case studies, document analysis, and surveys from 150 companies across various industries, the research investigates how different levels and changes in CSR strategies influence entrepreneurial activities and technological advancements. Findings reveal that higher levels of CSR engagement are significantly associated with increased rates of entrepreneurship and technological innovation. The study identifies a clear correlation between robust CSR practices and enhanced company performance in terms of innovation and competitive positioning in the market. However, the influence of CSR on public perception, particularly through CSR awards, appears to be minimal, suggesting that substantive CSR integration yields more substantial impacts than symbolic accolades. This research contributes to academic discussions and offers practical insights for companies seeking to leverage CSR as a tool for sustainable development and competitive advantage.
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