Abstract:As in most of the Latin American countries, social responsibility actions in Venezuela began in the 19th century as an initiative of the private sector. Many such initiatives were based on charitable work and private donations of an ethical or family-related nature from individual philanthropists.
Even though the literature on CSR in Venezuela is scarce, it is known that CSR was first introduced in the first decade of the 20th century. According to Méndez (2003) the first initiatives were carried out mainly by foreign oil companies and certain entrepreneurs, focusing on the well-being of workers and their families and their integration within the community. From the 1940s on, entrepreneurs also began to develop activities of a social nature which were not directly linked to productive activity. Hence, they started to address social well-being and the need for companies to help in the solution of problems, not as charity but as an investment of the company.
Document Type: Research Article
Publication date: June 14, 2010