Globalization and Corporate Social Responsibility Assignment

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Added on 2019-10-30

Globalization and Corporate Social Responsibility Assignment

Added on 2019-10-30

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1GLOBALISATION AND CORPORATE SOCIALRESPONSIBILITYTable of Contents

Globalization and Corporate Social Responsibility Assignment_1

2Corporate Social Responsibility, Background.................................................................................3CSR issues in pharmaceutical industry............................................................................................3Implication of CSR issues...............................................................................................................4Solution............................................................................................................................................5Recommendation.............................................................................................................................5Works Cited.....................................................................................................................................6

Globalization and Corporate Social Responsibility Assignment_2

3Corporate Social Responsibility, BackgroundCorporate social responsibility is an initiative of a business organisation to examine andtake responsibility for the effects made by the firm on the social and environmental wellbeing. Itis also known as corporate citizenship. It involves experiencing short-term costs, which do notoffer an instant economic benefit to the firm. However, it makes positive change to theenvironment and the society[ CITATION Tai14 \l 1033 ]. There is a long history behind theconcept of corporate social responsibility that is linked with the way it affects organisationalbehaviour. The history of CSR highlights how the scholars and business leaders have struggledto outline and theorise CSR[ CITATION Sul16 \l 1033 ]. After the World War II, the concernrelated to business and future of the economic system increased[ CITATION Ceb17 \l 1033 ].The fundamental theme of the CSR concept is that the social accountabilities are socialforces functioning in all society-making businesses to perform in a positive way. This is trueirrespective of whether it is an industrial or a communalist society because the social forces arealways present there. Based on the on-going environmental and social problems, CSR has beenencouraged by the national and global bodies to obtain values of sustainable development at theorganisational level[ CITATION Tur15 \l 1033 ]. CSR issues in pharmaceutical industryThe features of pharmaceutical industry imply a greater risk of dishonesty with a notablemutilation for the industry, the society, and the healthcare system. The pharmaceutical sector hasa vital role for a comprehensive salvage of efficiency in the healthcare sector. A number ofinternational institutions interfered with models of moral code that denote the minimum ethicalvalues the companies should reverence to reach decent ethical goals. At present, most of the

Globalization and Corporate Social Responsibility Assignment_3

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Globalization and Corporate Social Responsibility Assignment