Corporate giants and business entities are pitching social reforms to the countries at a time when finding a convenient and fulfilling lifestyle for the common man has become the primary objective. Corporate entities facilitating technological growth, employment, and economic improvement, have become forbearers of change in our society today. The social awareness urging to illustrate an elaborate plan focusing individual growth in our society has taken a more tangible form as Corporate Social Responsibility (CSR).
The world is preoccupied today! We are too engrossed thinking about the minute details of our lives, trying to make everything better, and more convenient. However, in the process, we seem to have missed how parts of our social structure are falling apart. The population is rising more than ever (expected to reach 7.5 billion in 2017), and our social structure is failing to substantiate a promising life for the growing community. Unemployment has become a mammoth issue. In 2016, 197.7 million people globally, 38.6 million people in developed countries, and 143.4 million people in emerging countries were unemployed. And in 2017, the unemployment rate is expected to rise (5.7 to 5.8 per cent) by another 3.4 million. A grave economic situation, which is ballooning with no real solution in view!