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The Current State of Corporate Social Responsibility

2023-03-16 13:12:39

For example, the law enforced by the country may turn the company away from the market and turn it into a company that has more advantageous policies abroad. In this sense, the state's goal is to relax market regulation and to provide a more attractive atmosphere for all parties to do business. Not only is the influence of globalization not only felt by the legislature but also international stakeholders themselves feel that the pressure of acting in the world of the country is not hidden from their own country. Especially in the case of multinational corporations, they are subject to more rigorous scrutiny and are doing business in a more open and sincere way.

Overview of Corporate Social Responsibility Corporate social responsibility (CSR) is a concept known as a corporate citizen, corporate conscience, or a company responsible in a simple way. It is an integrated concept of self-regulatory business model of every organization. Corporate social responsibility has been practiced not only for domestic enterprises but also for multinational corporations that adopt any corporate social responsibility initiative for more than 50 years. Through these ongoing global economic crisis and economic downturn there is a strong demand for responsible capitalism. In addition, society not only requires the government to take responsibility for the problem, but also requires the company to take responsibility. One of them is Corporate Social Responsibility (CSR). Corporate social responsibility refers to voluntary action by companies or companies that contribute to social welfare and environmental hygiene. Some ways can be achieved through charity

Dispute over corporate social responsibility: Corporate social responsibility (CSR) began in 19537 and published Bowen's book "Social Responsibilities of Merchants" (Carrol, 1999). Some people thought that the focus at the time was not the company itself, but social conscience of businessmen. Some people think companies will not bear social responsibilities besides companies that have agreed with the government at company establishment.