Coporate social responsibility - Article Example

Srinivasan, in her article, emphases it is the responsibility of any business environment stakeholders to address the financial problems in the business environment of the developing economies, particularly in India. She notes that, in India, the key actors include the government, civil society, and the target businesses. However, Srinivasan notes that it is essential to examine distinct roles of each of these stakeholders. In understanding the roles of each stakeholder, Srinivasan cites the significance of evaluating social, ethical, and environment challenges that have significantly changed the tradition upon which business is understood in India especially the way it is taught in business schools (Srinivasan, 2012; pg. 104). Thus, this article examines how ethical and social factors have affected the Indian business environment and the ways it can be improved.

The Indian corporations are indulging in fields including education and health with innovative and sustainability ideas towards delivering affordable and scalable products into the market. In other words, the incorporation of new techniques and ideas of addressing social and ethical issues will change the nature of the business activities from the traditional ways of handling business (Srinivasan, 2012; pg. 10). . In conclusion, it is apparent that Srinivasan advocates for changes in numerous social and ethical issues in the Indian business environment in order to achieve the desired profitable business environment.

However, these changes must be aimed at complying with the global understanding. Importantly, if India needs to improve it economy through international businesses, it must create friendly external business environment. The external investors will only be interested in some specific factors in order to invest in India. Most of the investors will be interested in the leadership, how the Indians understand business society inter- relationship, the contribution of the corporate government and other stakeholders.

These changes can never be achieved over night; therefore, it is the dire responsibility of then stakeholders to initiate these changes within the Indian business environment. Corporate Social Responsibility Can Be Profitable This article is a contribution of Ruben Hernandez-Murillo and Christopher J. Martinek in an attempt to highlight the profitability of the Corporate Social Responsibility. Notably, businesses and organizations often peg their social expansions on their corporate social responsibility (CSR) (Hernandez-Murillo and Martinek, 2009; pg. 01). Hernandez-Murillo and Martinek highlights how the corporate social responsibility usually embraces a broader group of stakeholders including the employees, customers, and the entire business community.

Moreover, CSR often depicts the financial responsibilities to the stakeholders. Therefore, the main role of the CSR is to maintain reputable relationship through giving back to the community (Hernandez-Murillo and Martinek, 2009; pg. 01). Through the article, Hernandez-Murillo and