Corporate and Entrepreneurial Social Responsibility during COVID-19: Understanding Global Trends and Responses

The COVID-19 pandemic and the consequent lockdowns were an unforeseen tremor to the global stock market, while raising heterogeneous and sundry reactions across businesses related to their workforces, supply chain, and the repurposing of procedures to make available required products and services. Businesses had little time to offset the pandemic’s impact through well thought out corporate strategies. Consequently, the current crisis offers an exceptional opportunity to study the outcomes of corporate social responsibility (CSR) for society. The primary objective of this paper is to contribute to the literature regarding the advancement of corporate social responsibility, the connection between CSR philosophy and practice, and the application of socially responsible actions during the COVID-19 pandemic. By applying a corporate social responsibility (CSR) theoretical approach, the authors of this article attempt to comprehend corporate responses to the COVID-19 pandemic in the provision of assistance for vital stakeholders in mainstream society. The findings of this paper imply that corporations with years of CSR involvement acted a catalyst for communities in local, national and global context.