Nobody downloaded yet

Corporate Social Responsibility Policy of Multi National Corporations - Essay Example

Comments (0) Cite this document
Summary
If the contemporary business trends were made the yardstick, it would not be an exaggeration to state that business communities have become more homogenous. Multi National Corporations (MNCs) serve as perfect instances of this shift. MNCs are investing in major parts of the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Corporate Social Responsibility Policy of Multi National Corporations
Read TextPreview

Extract of sample
"Corporate Social Responsibility Policy of Multi National Corporations"

Download file to see previous pages World Business Council for Sustainable Development defines Corporate Social Responsibility (CSR) as "The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large." The European Commission advocates that CSR not only means fulfilling legal expectations, but also going beyond compliance and investing more into human capital, environment and relations with stakeholders."
The need for Multi National Corporations to adopt Corporate Social Responsibility and implement it in spirit is immense in the current business scenario. The competition and corporate warfare in the business environment not only makes their focus very self-centered, but also robs them off all the attention they need to provide in the social context. It is this mad race, which needs to be controlled. It is because competition can catalyze the de-structuring of the social edifice based on values, morals and a sense of social responsibility. There have been grave losses to the environment, people and their lives as more and more MNCs are diversifying their areas and reach of operation. It is this concern that triggers a major thought process to streamline this chaos. Some method in this madness can only creep in if these big corporations begin to understand their role in a larger and more responsible perspective. The gamut of this perspective should not just limit to the stakeholders alone, but involve the society as a whole.

Survey of literature
There have been many researches and studies on the concept of 'Corporate Social Responsibility'. There are many schools of thought on the subject. Some studies call CSR as an extension of the brand-building effort of the companies, while others attach a serious functional connotation to the concept.

The Green Paper (2001) by the Commission of the European Communities identifies two main dimensions of CSR. One is the internal dimension that relates to the internal functions and processes of a company. The external dimension involves the external stakeholders.











Several research-based studies have discussed the concept of 'Corporate Social Responsibility'. The different schools of thought explain it based on different experiences and consequences. One school of thought emphasizes on the model of collective action. According to Jarusri Jiravistakul of the Kenan Institute, who conducted studies on the collective action/institution model and its implementation in Thailand, Egypt and Indonesia the concept of CSR has succeeded in terms of business practices, environmental management and capacity development. This particular perspective talks about the operations of business enterprises as they affect a wide spectrum. The resources they make use of are not limited to those of the proprietors and the impact of their operations is felt by so many people who are in no way connected to them. They affect the shareholders, the suppliers of resources, the consumers, the local community and the society at large.

George Goyder in The Future of Private Enterprise argues, "Industry in the twentieth century can no linger be ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social Responsibility Policy of Multi National Corporations Essay”, n.d.)
Corporate Social Responsibility Policy of Multi National Corporations Essay. Retrieved from https://studentshare.org/miscellaneous/1516910-corporate-social-responsibility-policy-of-multi-national-corporations
(Corporate Social Responsibility Policy of Multi National Corporations Essay)
Corporate Social Responsibility Policy of Multi National Corporations Essay. https://studentshare.org/miscellaneous/1516910-corporate-social-responsibility-policy-of-multi-national-corporations.
“Corporate Social Responsibility Policy of Multi National Corporations Essay”, n.d. https://studentshare.org/miscellaneous/1516910-corporate-social-responsibility-policy-of-multi-national-corporations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Corporate Social Responsibility
...]. Bibliography ASOCIO, 2004. Corporate Social Responsibility. ASOCIO Policy Paper. [Online] Available at: http://www.asocio.org/policy/Corporate%20Social%20Responsibility.pdf [Accessed April 30, 2012]. Crown Copyright, 2004. Corporate Social Responsibility. The Government Has An Ambitious Vision For Corporate Social Responsibility. [Online] Available at: http://www.bis.gov.uk/files/file48771.pdf [Accessed April 30, 2012]. CISCO, 2010. Stakeholder Engagement. CSR Report. [Online] Available at:...
9 Pages(2250 words)Essay
Corporate Social Responsibility Practices
...in an ethical way and also by contributing significantly to the environment and society. The study will also highlight the importance of CSR in the contemporary corporate practices. The author of the study has conducted research on the CSR practices by Australian corporate organisations and compared it with the sustainable practices performed by organisations of the developing nations. The study will try to discuss the relationship between the corporate and sustainability practices, which have led to the betterment of the society and environment. Thus, various facets of CSR will be unfolded and understood to provide a comprehensive view to the reader of the study....
9 Pages(2250 words)Essay
Corporate Ethics & Corporate Social Responsibility
...Introduction: Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. Rapidly increasing globalization and corporate size has also raised concerns about the consequences of corporate policies and actions. More there is a growing hands off policies or in other words, the policy of deregulation, by governments in many parts of the world. This is especially true for the United Kingdom. Traditionally, government control over the education system was considered to be essential. But the policy of the government to increase private participating in the education sector has set off a controversy with some sections of the society welcoming it while others have raised concerns over... it. This...
14 Pages(3500 words)Essay
Corruption and Multi-National Corporations
...to the courts on small amounts spent on getting business. However, it is large facilitation amounts that can cause trouble. Large amounts not only cause legal hassles, they can even destabilize the concerned corporation. It is not healthy for large corporations to be paying out large facilitation amounts as these can spoil the financial records of the corporation ultimately leading to its closure or takeover by better management. However, it is difficult to determine what constitutes a large facilitation amount. When there are orders worth billions to be secured, the facilitation amount becomes tricky to determine (Business Anti-Corruption Vocabulary). Nonetheless, it is necessary for...
6 Pages(1500 words)Essay
CORPORATE SOCIAL RESPONSIBILITY POLICY OF MNCs
...will be those that tap into the social changes that are taking place." - Sir Michael Perry, Chairman of Centrica PLC Corporate Social Responsibility Policy of MNCs: The Defining Parameters Introduction If contemporary business trends were made the yardstick, it would not be an exaggeration to state that business communities have become more homogenous. Multi National Corporations (MNCs) serve as perfect instances of this shift. MNCs are investing in major parts of the world, and the boundaries between nations are melting. The channels of communication have...
12 Pages(3000 words)Essay
Corporate Social Responsibility for Multi-national Organizations
...Corporate Social Responsibility for Multinational Organizations Introduction In a time where corporations and multinational companies have budgets that surpass many countries of the world, the idea of corporate social responsibility is certainly one that holds a lot of value. While it can be assumed that the only responsibility a corporation has is to the shareholders therefore profit is the only motivation for a company, that assumption can no longer be taken as granted. Government pressure and the guidelines given by regulatory authorities are only a part of the process that makes...
12 Pages(3000 words)Essay
Corporate social responsibility
...of the many groups in our society, the social involvement of business has increased. The concept of social responsibility is not new. Although the idea was already considered in the early 20th century but Howard R. Bowen (1953) suggested that business should consider the social implications of their decisions. Corporate social responsibility is seriously considering the impact of the company’s actions on society (Paluszek, 1976). A newer concept, but still very similar to social responsibility is social responsiveness which in simple terms means “the...
6 Pages(1500 words)Essay
Corporate Social Responsibility
...a certain inbuilt social conscience (Richter, 2011: 269). Hence, while it cannot be said that these regions and countries were left behind totally, the concept as it is perceived in the West was not being practiced here. Many commentators in these countries initially dismissed the idea of CSR as an imperialist construct and something that is a luxury much in the same way that early adopters in US and Europe faced these accusations. However, in recent decades, countries like India and Brazil have indeed taken the lead in making businesses adopt policies that are socially responsible, environmentally conscious, compassionate in their human dimensions and thrifty in their...
12 Pages(3000 words)Essay
Corporate Social Responsibility (CSR)
...which are fuel efficient which sustainable development has successfully increased their profits (Karnani, 2010). The investment managers use the strategy of responsible investment by investing in the companies which are listed in the responsibility index. This index comprises of those companies which follows strict CSR policies (Moskowitz, 2008). The general public including the investors have became concerned about the social responsibilities fulfilled by the companies. Hence the corporate sector has stared concentrating on the CSR activities and is also making their staff and other employees to fulfill their duties towards the...
4 Pages(1000 words)Essay
Corporate Social Responsibility
..., needs of the community, location and business activities of the firm. Increased attention to CSR has been enhanced by the need for environmental protection, need for better corporate governance, globalization and intergovernmental bodies such as the United Nations which have made various declarations on human rights and environmental protection. Corporate social responsibility Introduction Question one: factors of corporate social responsibility Factors of corporate social responsibility can be categorized in to both environmental and...
1 Pages(250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Corporate Social Responsibility Policy of Multi National Corporations for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us