How Csr Differ Across Different Political and Economic Spectrum
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Outline the key criticism of CSR and how they differ across different political and economic spectrum
Abstract:
The field of corporate social responsibility (CSR) has now been embraced globally by all the modern entities of the globe. Advocates of the field argue that corporations that are perceived by society as being socially responsible are likely to derive enormous benefits from being so. They argue that most stakeholders whether primary or secondary, internal or external, local or national offer their support of the actions of these socially responsible corporations.
Most would agree that corporate responsibility is an excellent idea, but from where did the ideology of CSR originate? An examination of the literature has given no conclusive evidence as to whether CSR is a capitalists’ or socialists’ doctrine; in fact the literature is silent in this respect. However, after examining the activities that stem from the ideology and considering the presence of the word ‘social’ in its very name one may conclude that CSR is a socialist doctrine.
If CSR is indeed a socialist doctrine, why are corporate entities in modren free capitalist economies preaching and practicing it? Why are multinational corporations from these capitalists’ states now following the ideology throughout the world? Indeed, it is generally believed that socialist ideologies are inconsistent with capitalists’ ideologies. These are some of the issues that this study will explore in depth in order to establish the origins of CSR practiced by capitalist corporations and by certain socialist and communist states in the 21st century.
Peter Utting (2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry associations, are adopting a variety of so-called voluntary CSR initiatives and the same includes codes of conduct, measures to improve
Outline the key criticism of CSR and how they differ across different political and economic spectrum
Abstract:
The field of corporate social responsibility (CSR) has now been embraced globally by all the modern entities of the globe. Advocates of the field argue that corporations that are perceived by society as being socially responsible are likely to derive enormous benefits from being so. They argue that most stakeholders whether primary or secondary, internal or external, local or national offer their support of the actions of these socially responsible corporations.
Most would agree that corporate responsibility is an excellent idea, but from where did the ideology of CSR originate? An examination of the literature has given no conclusive evidence as to whether CSR is a capitalists’ or socialists’ doctrine; in fact the literature is silent in this respect. However, after examining the activities that stem from the ideology and considering the presence of the word ‘social’ in its very name one may conclude that CSR is a socialist doctrine.
If CSR is indeed a socialist doctrine, why are corporate entities in modren free capitalist economies preaching and practicing it? Why are multinational corporations from these capitalists’ states now following the ideology throughout the world? Indeed, it is generally believed that socialist ideologies are inconsistent with capitalists’ ideologies. These are some of the issues that this study will explore in depth in order to establish the origins of CSR practiced by capitalist corporations and by certain socialist and communist states in the 21st century.
Peter Utting (2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry associations, are adopting a variety of so-called voluntary CSR initiatives and the same includes codes of conduct, measures to improve