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Your assignment is to prepare and submit a paper on corporate social responsibility of an international company.
Your assignment is to prepare and submit a paper on corporate social responsibility of an international company. Every corporation has a great responsibility towards the society and its consumers as a whole. Company has to make decisions which will prove beneficial to the people and environmental conditions. They should be aware that their organization in no way should create a threat to society and living condition of the planet. Like the emission of pollutants to the environment and other harmful substance should be regulated by the organization to prove they benefit the economy.
Freidman(1970)states that “The businessmen believe that they are defending free enterprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends. that business has a "social conscience" and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers”.
Corporate Social Responsibility can be described as “business commitment to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life”(Kotler,2005). It is a system employed by the organization which helps them in monitoring the standards of their business and adherence to the government policies and ethical standards.
According to CSR, the company agrees to take responsibility for their actions for the damage done to the consumers, society and environment, CSR promotes the business keeping in mind the growth of the community and social environment. The term CSR came into existence in the 18th Century with the boom of the industrial revolution. With the emergence of big industries, the concept of business ethics originated in order to create discipline within the organization. The ultimate aim of this system is to ensure proper ethical standards keeping aside the financial motives.
The nature of global business is to sell goods and services on the international platform. .