This seminar report discusses the social responsibility of international businesses with respect to globalization. It begins with defining corporate social responsibility and identifying the benefits of CSR, such as improved financial performance and brand image. The report then examines the types of CSR responsibilities and the factors driving globalization. It explores whether globalization is an opportunity or threat for CSR implementation. The key drivers of CSR and positive outcomes for companies, communities, and the environment are also reviewed. The report concludes that CSR involves companies pursuing goals that benefit society through ethical business practices and policies. Engaging in CSR activities can generate benefits like stronger brands, improved corporate image, and increased sales and employee retention.
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Corporate social responsibility
1. By
Nezamuddin
MBA (IC) 4th year
Roll no. 629
University School of Business Studies
Punjabi University Patiala
A
seminar report on
Social responsibility of international
business with respect to
globalization
6. Factors affecting globalization theory
Competition
Exchange of technology
Information transfer
Portfolio investment
Regulation/deregulation and international
standards
Market integration
8. Key drivers of CSR
Ethical consumerism
Transparency and trust
Increased public expectations of business
Employee motivation
Laws and regulations
Supplier relations
Competitive labour market
9. Positive outcomes of CSR
To the company
To the community and the general public
To the environment
10. Benefits to the company
Improves financial performance
Lower operating costs
Enhances brand image and reputations
Greater productivity
Greater quality
More attraction and retention of employees and
customers
11. Benefits to the community and the
general public
Charitable contributions
Employee volunteer programmes
Product safety and quality
Corporate involvement in community education,
employment and homelessness programmes
12. Environmental benefits
Greater material recyclability
Better product durability and functionality
Greater use of renewable resources
14. conclusion
Corporate social responsibility (CSR) can be defined as a
company's obligation to pursue goals and policies that are
in society's best interests. A socially responsible company
conducts business in an ethical manner. In many
companies, a formal statement or code of ethics
summarizes corporate values, and expectations. The
practical need for CSR comes from changing social
expectations, affluence, and globalization.
Many companies have earned benefits from engaging in
CSR activities. These include stronger brand positioning,
corporate image, market share and sales. It also increased
their ability to attract and retain employees.