Abstract

The integration of Corporate social responsibility with BusinessStrategy has been identified as a central Corporate social responsibility concept. Corporate social responsibility, it is important to understand the Key Drivers and Building Blocks that is integral to this phenomenon and which will impact the Civil Society at large. If the Indian government and private companies are serious about meeting Sustainable Development Goals, Mandated CSR has to be used as a Strategic Vehicle not only to reduce the substantial financial shortfall but Corporate social responsibility as an integral part of a company’s Strategy, to help companies achieve Competitive Advantage. The paper lists down five strategic Building Blocks of Mandated CSR namely—Shared vision, Key Drivers, Dialogue, measuring impact, and Governance which provide a mental framework to think about mCSR in a novel way. The paper emphasizes the importance of Shared vision, Problem Identification, utilizing Board’s Expertise, Innovation, building network, Best Practice sharing, managing failure risk, Shareholder’s Activism, Government’s Intention, and Capacity Building.