Corporate Social Responsibility ( Csr )

1549 Words Dec 8th, 2014 7 Pages
Along with the fruits of globalization also come the flies. The flow of money, products, and people have increased immensely across the globe in the last century, but as economic crises hit central areas of the globe, the flows also carry that along to other parts of the world. Through these continued global economic crises and recessions, a stronger demand for responsible capitalism has also emerged. Moreover, societies are urging not only governments to take responsibility for the problems but also the corporations. One outcome of this is corporate social responsibility (CSR). CSR refers to voluntary actions of companies or corporations to contribute to the welfare of society and the health of the environment. Some ways it can be accomplished are through philanthropy, working with NGOs in local communities on humanitarian and/or environmental projects, supporting workers’ unions, and investing in green technologies. CSR is not a new concept though, it is just business morality repackaged. Modern day CSR can and does have many benefits to both society and corporations, but as seen through many big corporations like Samsung, CSR is instead being exploited as a manipulation and diversion tool.
As the global economy and community reaches more corners of the globe, corporations can no longer operate independently from the rest of the world. Wagbara Owazuaka and Ikechi Obinna’s article, “Corporate Social Responsibility: The Marketing Implications,” published in the July 2014…
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