Notes On Small And Medium Enterprises

1116 WordsMay 2, 20175 Pages
9.Focus on Small and Medium Enterprises Although SMEs play an important role in the economy of the country (generally speaking, SMEs constitute over 90% of enterprises in the world and at the same time constitute between 50 and 60 percent of the work force), most of the information, tools, context and motivations for responsible business activities tend to apply to large companies. Small and medium enterprises are often overlooked in the discussion and establishment of policies, which leads to a number of presuppositions that: SMEs do not practice CSR; SMEs are not familiar with the concept of responsible business; or SMEs are mainly organised on the basis of economic imperatives than by social considerations, this being influenced by…show more content…
As the engine of social progress, CSR supports companies to live up to the responsibilities of global citizens and local neighbours in a world in constant and rapid change. "Corporate social responsibility represents a continuous commitment of companies to contribute to economic development while improving the quality of life of workers and their families, and the community and society as a whole."9World Business Council for Sustainable Development0 Most definitions of Corporate Social Responsibility describe this concept as one that integrates social and environmental concerns into business operations of companies and in their interaction with stakeholders on a voluntary basis. Being socially responsible means more than just meet expectations, to comply. It means investing "more" into human capital, the environment and relations with stakeholders. Experience of investment in technology and business practices to be responsible towards the environment suggests that do more than observe the law contributes to the competitiveness of a company. To do more than to comply with legal requirements in the social field (e.g. training, working conditions, management-relations staff) may also have a direct impact on productivity. According to The European Union green paper-promoting a European framework for corporate social responsibility, it is imperative to “Open a new way to deal with change and reconciling social development with greater
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