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Corporate Responsibility and Ethics : Essay

   

Added on  2020-03-23

10 Pages2190 Words45 Views
Running head: CSR0Corporate Responsibilityand Ethics

CSR1ContentsIntroduction................................................................................................................................2Merits and Shortcomings of CSR Strategy................................................................................3Conclusion..................................................................................................................................7References..................................................................................................................................8

CSR2Introduction Corporate social responsibility or CSR is a modern corporate approach which focuses on gaining sustainable development by providing economic, environmental and social to variousstakeholders of the corporation. By implementing CSR mechanism, a corporation can ensure that all the transaction will be conducted ethically and organisation will work according to theinterest of its stakeholders. CSR strategy is focused on performing the duties of a company asa corporate citizen instead of just focusing on the revenues. Most of the multinational organisations implement a CSR approach while dealing in foreign countries. The popularity of CSR strategy has grown but there is still lack of strict regulations to implement the policies of the corporation. Many organisations implement a CSR strategy but failed to comply accordingly. This essay will discuss the benefits and shortcoming of CSR policies and effect of CSR strategy corporations. Further, the essay will analyse the CSR influence from the perspective of various organisations and evaluate the theories of market experts.

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