Corporate social responsibility strategies: Past research and future challenges

Abstract Corporate social responsibility (CSR) is not only increasingly valued by companies but also plays an extremely important role in the development of their strategies. This study systematically reviews literature that seeks to ascertain just which CSR strategies feature in the literature and their means of implementation by companies. We made recourse to the ISI Web of Science database for the search and collected 119 articles spanning a 25‐year period. The results enable the identification and categorization of CSR strategies into four key categories: (a) dimensions, (b) benefits, (c) value creation and stakeholders, and (d) motivations. We also identify that major companies around the world are ensured the implementation of their CSR strategies throughout their organizational structures with specialized resources. This systematic review provides a path for future research.