Question

In: Operations Management

What role does "corporate social responsibility" have to do with international business?

What role does "corporate social responsibility" have to do with international business?

Solutions

Expert Solution

Corporate Social Responsibility

Corporate social responsibility is a term in which the organization undergoes those activities and programs which are beneficial for the society and they can help in building and a healthy and organized society. Which directly affects the customers and employees with which they are dealing in order to run their business for a longer period of time.

Now let us discuss the role of corporate social responsibility in international business.

  • In order to increase and expand the business operations, the organization need to require more customers in the international business and for that, they need to win the interest of the customers and make them believe that they can give them full support in improving their lives through products and services. It truly helps them increase their business.
  • Employees are the most valuable and important asset for any organization and when the organization expand their operations in the international market they also need professional minds of that particular market and with the help of making their lives smooth and easy with simple helps like life and health insurance for them and their family will totally push them to work hard and best for their organizations and they will share and contribute with their valuable information.

Related Solutions

Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot...
Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot topics in engineering management. Having a grasp of these issues is vital for future leaders of engineering industries in the 21st Century. After conducting a comprehensive review of literature in the context of an engineering sector of your choice, find out what ethics, corporate social responsibility and sustainability (or a subset of these topics) means and what approaches is currently use to lead the...
What is corporate citizenship, and how does it relate to corporate social responsibility?
QUESTION 1: What is corporate citizenship, and how does it relate to corporate social responsibility? QUESTION 2: What does it mean for a corporation to be “socially responsible”? - DO NOT BE BRIEF QUESTION 3: How can companies be profitable and pursue CSR at the same time?
Does the concept of social responsibility have a role in finance? Briefly, describe its role in...
Does the concept of social responsibility have a role in finance? Briefly, describe its role in your own words.
What is the business of business? Does/Should the business of business include social responsibility? Is an...
What is the business of business? Does/Should the business of business include social responsibility? Is an altruistic social business possible? What do you think?
What incentive do for-profit companies have for corporate social responsibility (CSR)? If companies are focused on...
What incentive do for-profit companies have for corporate social responsibility (CSR)? If companies are focused on increasing their profit, why should they be concerned with CSR activities that are likely to raise costs (thus reducing their profit). Is there value in CSR, and if so how do companies capture that value? In other words, can companies leverage CSR activities into increased profit?
Discuss the role of corporate social responsibility and use of corporate power in a democratic society.
Discuss the role of corporate social responsibility and use of corporate power in a democratic society.
What is corporate social responsibility, and how does it relate to major stakeholders?
What is corporate social responsibility, and how does it relate to major stakeholders?
what is corporate social responsibility and how does this corporation understand the concept.
what is corporate social responsibility and how does this corporation understand the concept.
corporate social responsibility
corporate social responsibility
Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in...
Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in many ways. State your understanding of corporate social responsibility.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT