Evaluate the Recent Trends on the Ethical Considerations and Social Responsibilities of Multi-National Companies.

Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to non-profits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, non-profits, and employees alike.

The purpose of this essay is to research the notion of CSR and uncover its true framework and outline what social responsibility truly means to corporate organisations, and whether it should be seriously considered to be a legitimate addition to the corporate framework of an organisation.

Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society (2). CSR may also be referred to as "corporate citizenship" and can involve incurring short-term cost that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change(1).

Once the company have agree on the idea of CSR program, the company should do it in way that make connection between  what a company can do for society, and how it will affect its business. When a company like Coca-Cola, for example, contributes $88 million annually in different CSR programs or when Microsoft donates almost $300 million annually to nongovernmental organizations around the world there have to be some good explanation on why they do this and how it help the company image and position in the world. Nike in the other had they realize after getting burned by bad publicity because of attack of negative press and large-scale protests from those who claimed its contract employees were paid low wages and working in dangerous conditions in overseas factories. They have to invest time and energy into their CSR programs to reduce the negative environmental impact.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.

Corporate Social Responsibility (CSR) describes programs adopted by a company in addition to their profit-making ventures. These programs are specifically intended to integrate environmental and social concerns into regular business operations. More than just charity, they act as the “conscience” of the company and balance the social and environmental actions of the company with the desires of the shareholders. (“What is CSR?,” 2015) As a multinational corporation valued at billions of dollars, Bank of America has a large impact on its employees and surrounding communities.

The level of corporate social responsibility that a firm upholds is determined, to an extent, by the nature of the businesses products. This is demonstrated by BP, despite the company actively engaging in some CSR policies, goods such as oil are inherently harmful for

Proponents of CSR would suggest a number of reasons why self interested corporations, seeking to solely to maximize profits are unable to advance the interests of society as a whole:

CSR is the Company Social Responsibility. It can be defined as the responsibility of the company towards the community and the environment in which it operates. It is way through which the social, economic and environmental imperatives balance of the company can be achieved and at the same time the expectations of the stakeholders can be met.

Corporate Social Responsibility is defined as “Accommodation of corporate behavior to society’s values and expectations”. CSR refers to corporate behavior that extent beyond the economic motives and legal requirements.

Throughout the years, this statement has been debated and criticised by many scholars such as Mcwilliams and Siegel(2001) and they noted CSR as an ‘action that appears to further some social good, beyond the interests of the firm and that which is required by law.’

There are, such as Vogel (2005, p.2) stated, ‘many reasons why some companies choose to behave more responsibly in the absence of legal requirements. Some are strategic, others are defensive, and still others may be altruistic’. There is a basic believe that it could be good for business drives companies profit in CSR (Kotler and Lee, 2005), comparing themselves with competitors, in addition, setting up good images and popularity (Fombrun and Shanley, 1990). Thus, CSR could create customer business reputation and make employee behaviour and attitudes positive (Brammer, 2007; Maignan, 1999; Rupp, 2006; Valentine and Fleischman 2008). Carroll and Shabana state “which identifies four categories of benefits that firms may attain from engaging in CSR activities: (1) cost and risk

Hot debates were arose everywhere in the society about the extent of Corporate Social Responsibility (CSR). Mallen Baker (2004) states that CSR is about how companies manage the business processes to produce an overall positive impact on society. Supporters of CSR claim that Businesses and Corporations are not only about making money especially for big business. They should show social responsibility, moral standard and city spirits to the community. They should give something back to the society. Critics argue that Businesses are owned by their shareholders - money spent on CSR by managers is theft of the rightful property of the owners by

CSR is a “corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare” (Investopedia) through the implementation of “actions that appear to further some social good, beyond the interests of the firm that which is required by law” (A. McWilliams, 2006).