Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch014
The future CSR challenges for business firms depend on the country's economy and cultural values. Firms must improvise to implement CSR practices accordingly. Corporations in developing and underdeveloped countries need to evolve their CSR practices from mild to strong sustainable-based views. The challenge is to adopt the correct degree of tradeoffs between the three capitals (planet, people, and profit). To survive and thrive, organizations should leave the traditional economic view, which remains sensitive about the bottom line. Societies are evolving more rapidly due to technological advancements in communication and the internet. The people are more critical to how organizations are conducting their businesses. News from any part of the world becomes global instantly with a click of a button. Vigilance is high from internal and external stakeholders of the company. CSR and its practices have a crucial role in all organizational functions in this dynamic and connected world.
{"title":"CSR Trends and Future","authors":"","doi":"10.4018/978-1-7998-3988-0.ch014","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch014","url":null,"abstract":"The future CSR challenges for business firms depend on the country's economy and cultural values. Firms must improvise to implement CSR practices accordingly. Corporations in developing and underdeveloped countries need to evolve their CSR practices from mild to strong sustainable-based views. The challenge is to adopt the correct degree of tradeoffs between the three capitals (planet, people, and profit). To survive and thrive, organizations should leave the traditional economic view, which remains sensitive about the bottom line. Societies are evolving more rapidly due to technological advancements in communication and the internet. The people are more critical to how organizations are conducting their businesses. News from any part of the world becomes global instantly with a click of a button. Vigilance is high from internal and external stakeholders of the company. CSR and its practices have a crucial role in all organizational functions in this dynamic and connected world.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133783637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch011
Corporate social responsibility in Western countries has evolved to impact corporate governance, responsible manufacturing, and resource conservation. The citizens are more aware and vigilant for any discrepancy on the part of the corporations. The United States of America and the United Kingdom are considered the yardsticks for CSR practices in Western countries. Countries have enacted a law regulating companies to disclose their CSR practices. The companies also perform CSR practices due to enhancing their brand image and connecting with society. The magnitude of CSR practices depends on company size and financial muscle. However, for public CSR initiative and its reach depends more on the size of the donation.
{"title":"CSR Practices in Western Countries","authors":"","doi":"10.4018/978-1-7998-3988-0.ch011","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch011","url":null,"abstract":"Corporate social responsibility in Western countries has evolved to impact corporate governance, responsible manufacturing, and resource conservation. The citizens are more aware and vigilant for any discrepancy on the part of the corporations. The United States of America and the United Kingdom are considered the yardsticks for CSR practices in Western countries. Countries have enacted a law regulating companies to disclose their CSR practices. The companies also perform CSR practices due to enhancing their brand image and connecting with society. The magnitude of CSR practices depends on company size and financial muscle. However, for public CSR initiative and its reach depends more on the size of the donation.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"30 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133031159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-3988-0.ch007
The money transfer internationally has generated a metamorphosis of the world economy under the supremacy of transnational corporations. The inflows of foreign capital into the host countries' economies is considered a solution to the multiple problems faced, especially by developing countries – unemployment, lack of monetary funds, or high-performance technology. The presence of transnational corporations in the economies of the host countries has proved to be not always beneficial for them, as there are significant discrepancies between their interests as economic agents and national interests. For this reason, the attitude of the public authorities towards foreign direct investments has been nuanced, and differentiated financial and fiscal incentives have been established to maximize their positive impact. Over time, specialists have drawn attention to the negative externalities generated by transnational corporations. International organizations like the UN or the OECD are involved in improving the global corporation's workings to promote corporate social responsibility.
{"title":"Transational Corporations","authors":"","doi":"10.4018/978-1-7998-3988-0.ch007","DOIUrl":"https://doi.org/10.4018/978-1-7998-3988-0.ch007","url":null,"abstract":"The money transfer internationally has generated a metamorphosis of the world economy under the supremacy of transnational corporations. The inflows of foreign capital into the host countries' economies is considered a solution to the multiple problems faced, especially by developing countries – unemployment, lack of monetary funds, or high-performance technology. The presence of transnational corporations in the economies of the host countries has proved to be not always beneficial for them, as there are significant discrepancies between their interests as economic agents and national interests. For this reason, the attitude of the public authorities towards foreign direct investments has been nuanced, and differentiated financial and fiscal incentives have been established to maximize their positive impact. Over time, specialists have drawn attention to the negative externalities generated by transnational corporations. International organizations like the UN or the OECD are involved in improving the global corporation's workings to promote corporate social responsibility.","PeriodicalId":151094,"journal":{"name":"Global Corporate Social Responsibility Initiatives for Reluctant Businesses","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116805459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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