There is an extensive and speckled history associated with the different models and evolution of the concept of
Corporate Social Responsibility (CSR).However,a historical review and understanding of different models is not there in
the educational literature that represents the evolution of the academic understanding of the concept alongside with the
public and international events that influenced the social outlook with regards to corporate performance. The main
aspire of this paper is to provide a distinctive historical perspective, challenges and issues and models of CSR and
provide sustainable growth of business and community.