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Business Ethics

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Historical Development of CSR and its Roles in MNE

Corporate Social Responsibility is a form of a self-regulation integrated into a business

which functions as a self-regulatory mechanism to comply with the law. It is also a business

approach by which an organization takes into account the manner in which its activities may

impact upon different stakeholders (Patricia et al.). This makes the company bring positive impact

to the environment and the stakeholders. CSR helps companies to avoid pollution to the society

and bring out good public relations. A company has responsibility towards the community and and

the environment in which it operates. This happens through their waste and pollution reduction

processes, contributing educational and social programs and earning adequate returns on the

employed resources.

Although CSR has no single definition, a concern with this notion has existed in centuries.

Corporate Social Responsibility dates from the Code of Hammurabi in Babylon millennia ago. It

has evolved as seen in different guidelines of companies in their social reporting. CSR in many

firms is moving towards full integration with strategic management and corporate governance.

Corporate Social Responsibility has developed over years like in 1950s it focused on

organization’s responsibilities and good deeds to the society. It developed over the years, key

events, people and ideas characterized the social changes. Business managers applied the

traditional management functions in 1970s while in 1980s businesses became closer to social

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interests and became more responsive to their stakeholders. CSR became universally approved in

1990s while in 2000s it became definitively an important strategic issue.

Corporate Social Responsibility is also applied in Multinational Enterprise (MNE) along a

global production. It helps in the legal approach in ownership of businesses. CSR broadens

responsibility and linkages. Adopting a social network perspective to examine international

production. Corporate social responsibility helps international companies to be environmental

friendly and reduces negative effect to the community and shareholders. The responsibility is

determined by whether indirect partners are exclusive or non-exclusive. Global factory systems

amplify linkages and interactions leading to increase in corporate social responsibility when

viewed from social network perspective. The development of the multinational enterprises adds to

the understanding of CSR.

The corporate social responsibility is more a function of public relations because it’s all

about the relationship of a company and its surroundings. For a company to work well must have

a good relation with its stakeholders and the society. Practitioners of public relations discuss

business performance internally and externally and they help organizations set standards and

implement them.

Multinational enterprises respond to the public opinions by adhering to the CSR rules like

paying taxes which vary from country to country. They must provide a good relationship to the

public.

In conclusion, Corporate Social Responsibility help companies avoid pollution and run for

the better of every member of the society and its stakeholders and all multinational enterprises

must adhere to them to have good public relations.

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Surname: 1 Name: Professor: Course: Date: Historical Development of CSR and its Roles in MNE Corporate Social Responsibility is a form of a self-regulation integrated into a business which functions as a self-regulatory mechanism to comply with the law. It is also a business approach by which an organization takes into account the manner in which its activities may impact upon different stakeholders (Patricia et al.). This makes the company bring positive impact to the environment and the stakeholders. CSR helps companies to avoid pollution to the society and bring out good public relations. A company has responsibility towards the community and and the environment in which it operates. This happens through their waste and pollution reduction processes, contributing educational and social programs and earning adequate returns on the employed resources. Although CSR has no single definiti ...
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