BUSI 303: Analyzing Corporate Social Responsibility in Global Business

This discussion board post for BUSI 303 analyzes corporate social responsibility (CSR) within the context of international business. It includes definitions, summaries, and discussions of three articles related to CSR, stakeholder theory, and national/global perspectives. The analysis explores how businesses balance profitability with ethical conduct and social impact, referencing specific ISO standards and the importance of considering societal concerns in both national and international business environments. The document emphasizes the role of CSR in building brand reputation and ensuring long-term sustainability. Desklib provides similar resources for students.

Running head: INTERNATIONAL BUSINESS
International Business
Name of the Student:
Name of the University:
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Table of Contents
Article 1...........................................................................................................................................2
Definition of the Title..................................................................................................................2
Summary......................................................................................................................................2
Discussion....................................................................................................................................2
Article 2...........................................................................................................................................3
Definition of the Title..................................................................................................................3
Summary......................................................................................................................................3
Discussion....................................................................................................................................4
Article 3...........................................................................................................................................4
Definition of the Title..................................................................................................................5
Summary......................................................................................................................................5
Discussion....................................................................................................................................5
References........................................................................................................................................7

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Article 1
Title: Corporate Social Responsibility: Rewriting the Relationship between Business and
Society
Definition of the Title
The title promotes the idea about the effectiveness of the corporate social responsibility
to establish the linking between the business and the society for developing the sustainable
position.
Summary
Business companies are now-a-days are driven by the effects of globalization,
environmental concerns, strict government regulations, ethical consumerism and strengthened
position of the civil society. The business companies need to consider such social aspects to
maintain a sustainable approach for a longer time. The article suggests the conceptual analysis of
the corporate social responsibility by considering these social factors. The article also focuses on
the counter arguments to develop the clear understanding of the social responsibilities that helps
in sustaining the strategic business and ensuring development.
Discussion
The study defines the maintenance of the corporate social responsibility in the globalised
world. It depicts that the business organisations require maintaining the social responsibilities for
sustaining the long term position. The international business scenario is much competitive due to
the excellent superiority and the technological development in the organisations. However,
society plays the integral part in maintaining the sustainable position. Developing the remarkable
corporate social responsibility helps in connecting the society with the business. It is noticed that

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the in the post globalization period, the business organisations have adopted various types of
innovative technicalities (Safwat, 2015). However, it is essential for the business companies to
maintain the appropriate business code of ethics that manage the work process in a systematic
way. Maintaining the business ethics facilitates the best outcome in terms of benefiting the
society. It builds up the business reputation and maintains a strengthened and standardized brand
image. As a result, the society is benefitted in a significant way. Developing such effective
corporate social responsibilities is thus necessary for the future sustainable development.
Article 2
Title: Development of Corporate Social Responsibility Metrics Based on the Theory of
Stakeholders
Definition of the Title
The title defines that corporate social responsibilities is developed based on the
perspectives of the associated stakeholders. Therefore, it represents the metrics of corporate
social responsibility formulated on the basis of stakeholders’ theory.
Summary
The article is widely focusing on the right approaches utilized for the achieving the
corporate social responsibility of a company on a global perspective. It develops a metric of this
corporate social responsibility to coordinate with the stakeholder group. The development of the
general management and the management accounting, the study would develop the clear
understanding of the principles of corporate social reasonability for the future sustainability.

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Discussion
The obtained idea from the study depicts that the corporate social responsibility is a
multidimensional components that develops the understanding about the socio-oriented
behaviour of the organisations. The study aims to focus on the critical evaluation of the
approaches that have been used for maintaining the social activities. It provides the enriched
knowledge about the internationalized standards of the corporate social responsibilities that are
to be maintained by the companies to secure the sustainable position. Linking with the
stakeholders’ perspectives, it is noticeable that the internationalized companies require
maintaining some of the specific ISO standards. For example, as per the standard AA1000SES,
the company needs to maintain the effective communication with the associated stakeholders,
both internally and externally. It requires identifying the interested parties and resolving the
issues addressed by these stakeholders. It indicates the mechanisms and procedures of
monitoring the concerns of the stakeholders. On the other hand, the ISO26000 standard
determines the business ethics that are needed to be taken into consideration. For example, at the
international level, it is necessary to pay attention towards the human rights, environment, labor
practices, organisational management, consumer queries, active participation in the community
development process, and developing the conscientious business practices (Hrebeshkova, 2016).
With the special reference of Ukrainian business, it is stated that the CSR expansion policies help
in establishing the effective dialogue with all stakeholders.
Article 3
Title: National and Global Perspectives of Corporate Social Responsibility

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Definition of the Title
The title provides the insights of the corporate social responsibility practices in the
national and global landscape. It is generally focusing on the establishment of the remarkable
CSR process to generate profitability in global and national level.
Summary
The article summarizes the insightful ideas about the national and global perspectives for
maintaining the corporate social responsibilities. The study indicates that the business is
established to fulfill the expectation level of the clients in such a way that would develop a
strengthened reputation on a competitive ground. The article infers that the business is expected
to be profitable by maintaining the appropriate strategic direction for the future benefits.
Corporate social responsibility creates such opportunity to develop the legal and moral pursuit
that turns out to be beneficial for the long run.
Discussion
The article presents the analysis of the maintenance of the corporate social responsibility
in both the national and international level. It is stated that every business company requires
maintaining a set of principles and codes of ethics to develop high level of moral values. It is
essential to maintain the business regulations in which corporate social responsibility is the top
of the priority list. Business is perceived as the part of society and it is important to maintain the
social responsibility by developing high level of business ethics. Both in national and
international landscape, it is essential to consider the concerns of the society at the first place.
The business survives if the society accepts the business procedures and the offerings.
Maintaining the ethical concerns generate the sense of reliability, which eventually turn out to be
the success criteria for the company. It is noticed that the national and international regulations

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are quite different to each other. The companies thus need to comply with these regulations for
formulate the successive organisational practices by satisfying the needs of the potential clients
(Cavico & Mujtaba, 2012). The industrialized businesses are also developing their concerns
regarding the effective approaches maintained for establishing the remarkable corporate social
responsibilities.

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References
Cavico, F. J., & Mujtaba, B. G. (2012). National and global perspectives of corporate social
responsibility. International Journal of Management Sciences and Business
Research, 1(3), 1-24.
Hrebeshkova, O. (2016). Development of Corporate Social Responsibility Metrics Based on the
Theory of Stakeholders. Zeszyty Naukowe Politechniki Częstochowskiej, 16. p.16-26
Safwat, A. M. (2015). Corporate social responsibility: Rewriting the relationship between
business and society. International Journal of Social Sciences. Vol. 4 (1), p.1-13