Essays on Corporate Social Responsibility in Sri Lanka Case Study

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The paper "Corporate Social Responsibility in Sri Lanka" is a perfect example of a business case study. Corporate social responsibility is the social responsiveness, accountability, and involvement of companies far beyond their requirement of the law and the profit-making intention. It is participation beyond the requirement by the government. A business enterprise does not carry out its operations in a vacuum. It is found in a complex cultural, political, and social and institutional setting that mimics a web-like grid showing societal interrelationships. A business is every in interaction with various stakeholders.

Corporate Social responsibility is becoming a crucial part of the business environment. In the last two decades, there have been quick changes in the correlation between society and business (Grü newä lder, 2008). Vital drivers of the perceived change have been globalization that is taking part in international trade, increase influence and size of companies, government repositioning and the increase in strategic usefulness of stakeholders relationships, knowledge and the reputation of the brand. The correlation between civil society organizations and companies has changed from being paternalistic philanthropy to roles, responsibilities and rights re-examinations in the society of business. Corporate social responsibility has been a realistic approach to civil society and consumer pressure.

Accusations by civil society and governments of human rights abuses, environmental pollution, and labor exploitation in supply chains, have pushed companies into being socially and environmentally responsible. Besides, business enterprises have expediently acknowledged the strategic value of acting responsibly and aligning their business and product relationships through their supply chain. Globalization has occasioned new frontiers and precipitated new concerns and challenges. One purpose of corporate social responsibility is the need for companies to build and protect the reputation and deal with risk across a set of cultures, socio-political situations, and cultures (Rathnasiri, 2003).  

Bibliography

Anthonisz, T., 2008, Corporate Social Responsibility in Sri Lanka: A National Business Systems Perspective, Colombo.

Alston, P and Robinson, M., 2005, Human Rights Development: Towards mutual reinforcement, Oxford University Press, Oxford

Bacher, C., 2007, Corporate Social Responsibility, GRIN Verlag, New York.

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Peinado-Vara, E., 2006, Corporate Social Responsibility in Latin America, Journal of Corporate Citizenship, 21 (1): 61-69.

Raynard, P and Forstater, M., 2001, The Business case for sustainability, SIGMA, London.

Rathnasiri, H.C, 2003, Corporate Social Responsibility practices of Sri Lankan Private Sector: An exploratory study, Sri Lanka Journal of Management, 8 (3/8): 195-228.

Schwartz, M.S., 2011, Corporate Social Responsibility: An Ethical Approach, Broadview Press, London.

Solomon, H., 2002, Peace before development? Conflict Trends, 5 (1): 24-27.

Vogel, D., 2005, The market for virtue: The Potential and Limits of corporate social responsibility, Brookings Institution Press, Washington, D.C.

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