Analysis of Corporate Social Responsibility in International Business

This literature review delves into the multifaceted realm of corporate social responsibility (CSR) within the context of international business. It synthesizes insights from five key articles, exploring the role of businesses in poverty reduction, community development, and addressing societal challenges. The review highlights how corporations can contribute to alleviating poverty by creating employment opportunities, supporting educational initiatives, and providing essential services to underserved populations. It further examines the importance of entrepreneurial development in empowering homeless youth and the potential of Business Improvement Districts (BIDs) in mitigating homelessness. Additionally, the review emphasizes the significance of CSR in enhancing a company's reputation, motivating stakeholders, and promoting sustainable practices, ultimately advocating for a shift towards a more holistic approach that integrates social and economic considerations in business strategy. Desklib offers a wealth of similar resources for students.

Running head: CORPORATE SOCIAL RESPONSIBILITY OF BUSINESS
Corporate Social Responsibility of Business
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Kolk, A. (2016). The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World
Business, 51(1), 23-34.
This article harps on the fact that poverty has risen in various countries around the
world within the last thirty years. Economic growth can play an important role in the
reduction of poverty and the business can also lend their helpful hand that can be
instrumental in removing poverty in the society. Business can play an important role in
reducing poverty within the civic society. This article discusses that civil society is often not
equipped with the resources that can help in providing products along with services to the
people who are poor. This article states that the organization can create various kinds of
employment opportunities which is suited for the poor people. The article states that, “The
multinational company thereby becomes a major vehicle to carry the have-nots toward ‘take-
off’ and the haves into frontier fields. As such it is an unmatched force for peace” (Kolk,
2016, p. 24). It suggests that business have an important role to play within the society in
building facilities that can put the have-nots into a privileged position. The business knows
that they can achieve the investment goals if they function within a healthy environment. The
article explores how the firms are supporting the development initiatives which goes beyond
that of providing goods or services. The business provide medical care along with educational
opportunities for the poor people that can help in alleviating the misery of the poor people.
The corporations within the rich countries can promote the aspect of improved labour that can
help in uplifting the social condition of the people. There are many children in the world who
are illiterate and the business can take an active role in educating them that can help in
removing the factor of poverty prevailing within the social structure.
Jennings, L., Shore, D., Strohminger, N., & Allison, B. (2015). Entrepreneurial
development for US minority homeless and unstably housed youth: A qualitative

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inquiry on value, barriers, and impact on health. Children and Youth Services
Review, 49, 39-47.
This article discusses how the homeless youth having high rate pertaining to
unemployment have a negative effect on their emotional along with physical health. This
article used nine focus groups along with interviews that helped in gleaning important
information about the disadvantaged youth. The business should address poverty along with
health outcome that can prove to be of great use in uplifting the social condition of the
people. The business can help the youth in closing technology gap that can help the poor
students I getting access to education. The article states that, “Youth envisioned
entrepreneurial development activities would inspire a range of health protective behaviours
by minimizing poverty-related depression, hopelessness, and anxiety” (Jennings et al., 2015,
p 39). The article brings out how the actions taken by the entrepreneurs can act as a crucial
force in reducing depression and hopelessness within the society. The business can help the
youth in building a positive attitude that can help them in their professional development.
This can pave the way for providing employment to the youth that can help them in
combating poverty along with homelessness. This article states how the business can simplify
problems by staying close to that of poor neighbourhood. The business will be able to
communicate with leaders of the different communities that can help them in understanding
the problems of the people. This article states how the organizations can co-operate with the
neighbourhood bank that can help them in providing support to the young people. The
business working with that of the low-income community can help in benefitting the poor
people and it can be of great help for their family structure.
George, G., Howard-Grenville, J., Joshi, A., & Tihanyi, L. (2016). Understanding and
tackling societal grand challenges through management research. Academy of
Management Journal, 59(6), 1880.

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Homelessness within the public space presents an issue that is complex for the
management effort. This article focusses regarding how the business communities can take
approach that is punitive that can help in reducing homelessness within the society. The
article states that, “Grand challenges are formulations of global problems that can be
plausibly addressed through coordinated and collaborative effort” (George et al., 2016, p 88).
It states how the organizations can play an active role in mitigating poverty and illiteracy in
the society. This paper made use of mixed method that combines data collection along with
survey analysis that can help in revealing crucial factors about the issue of homelessness.
This article discusses that Business Improvement District (BID’s) can balance the traditional
roles with alternative ones that can help in mitigating homelessness in the society that can
improve the condition of the people. Business improvement district refers to a definite area
when the business has to pay additional tax that can help in funding projects in the boundaries
of the districts. This article stresses on the fact that services like cleaning of the streets and
the construction of pedestrian enhancement can prove to be of service for the wider society.
The research limitation has been presented by the fact that the number of BID was much less
that can pave the path for the research result lacking generalizability. This article focusses on
the fact that a co-operative approach taken by BID’s can help in addressing the factor of
homelessness. The BID can enter into partnership with public service sector that can prove to
be of use for them.
Bruton, G. D., Ahlstrom, D., & Si, S. (2015). Entrepreneurship, poverty, and Asia:
Moving beyond subsistence entrepreneurship. Asia Pacific Journal of
Management, 32(1), 1-22.
This article harps on the fact that there exists a large number of people within the
world who have to suffer on account of poverty. The article talks about the fact that
subsistence entrepreneurship can help in the creation of different kinds of ventures that can

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empower the people that can help them in breaking out of the factor of poverty. There are
different kinds of mechanisms that are made use of by the entrepreneurs like microlending
that can help the business to provide life essential to the needy people. This article states that,
“Approximately 1.7 billion people in Asia live in poverty today”. It necessitates that business
should take certain initiatives in removing the social evils of poverty and homelessness from
the face of the earth (Bruton, Ahlstrom & Si, 2015, p 21).This can lead to the generation of
capital that can come to be of use for the entrepreneur and at the same time uplift the
condition of the poor people. The entrepreneurs can run different kinds of establishments like
orphanages that can be instrumental in improving the lives of the people. The entrepreneurs
can pay funds that can help in setting up school for the poor children. This article asserts how
the sponsored programs can help in educating the poor people about hygiene that can elevate
the living condition of the people. This article discusses that the entrepreneurs setting up
foundations can help in diverting the profit towards the aspect of community development.
Wang, H., Tong, L., Takeuchi, R., & George, G. (2016). Corporate social responsibility:
An overview and new research directions: Thematic issue on corporate social
responsibility. Academy of Management Journal, Vol. 59, No. 2
This article states that business has a responsibility towards the society and they have
to serve people beyond the shareholders that can help in elevating the reputation of the
business. This article discusses how the corporations addressing the societal challenge can be
of great benefit for the wider society. The article talks about the importance of corporate
social responsibility by stating that it is “a mechanism to energize and motivate stakeholders”
that can also help in tackling the societal challenges (Wang et al., 2016, p 36). The article
brings out how the dedicated organizational unit can help in managing the social obligation
and contribute to the welfare of a large number of people in the society. The dialogue in the
organization has shifted from that of simplistic justification pertaining to the financial

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outcome to other kinds of sophisticated views. The corporate social responsibility in an
organization can help in providing motivation to the stakeholders and it can help in managing
the perceptions of the society. This article illuminates how commitment to the environmental
issue can help in elevating the image of the company in front of the world. The business
strategists of an organization should be able to make significant changes within the company
that can help them in managing the social along with economic impact. This article states
how abiding by the terms of sustainability can help an organization in making profits in the
long run.

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Bibliography:
Bruton, G. D., Ahlstrom, D., & Si, S. (2015). Entrepreneurship, poverty, and Asia: Moving
beyond subsistence entrepreneurship. Asia Pacific Journal of Management, 32(1), 1-
22. doi: https://doi.org/10.1007/s10490-014-9404-x
George, G., Howard-Grenville, J., Joshi, A., & Tihanyi, L. (2016). Understanding and
tackling societal grand challenges through management research. Academy of
Management Journal, 59(6), 1880. doi: http://doi.org/10.5465/amj.2016.4007
Jennings, L., Shore, D., Strohminger, N., & Allison, B. (2015). Entrepreneurial development
for US minority homeless and unstably housed youth: A qualitative inquiry on value,
barriers, and impact on health. Children and Youth Services Review, 49, 39-47. doi:
https://doi.org/10.1016/j.childyouth.2014.12.018
Kolk, A. (2016). The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1),
23-34. doi: https://doi.org/10.1016/j.jwb.2015.08.010
Wang, H., Tong, L., Takeuchi, R., & George, G. (2016). Corporate social responsibility: An
overview and new research directions: Thematic issue on corporate social
responsibility. Academy of Management Journal, Vol. 59, No. 2 doi:
https://doi.org/10.5465/amj.2016.5001