The paper "Factors That Motivate MNEs to Adopt CSR in Their International Business Operations and Strategies" is a great example of business coursework. In other terms, Corporate Social Responsibility (CSR) can be referred to as a sustainable responsible business or corporate conscience (Cadbury 2006, p. 1). It is defined as a type of self-regulation by corporate and is integrated into business models. The policy functions of CSR are a mechanism that is in-built that monitors and regulates business operations by ensuring that the organization complies with the law spirit, international norms and ethical standards (Cadbury 2006, p.
2). Some models of implementation of CSR by some international firms entail actions are undertaken that go overboard the mere compliance by corporate through engagements in acts that seemingly appear to provide more of the social good (Husted & David 2006 p, 838). Such acts are usually beyond the jurisdictions of the firm’ s interests or the requirements of the law. As a process, CSR aims to embrace the responsibilities of a firm’ s actions as well as encourage a positive effect through its initiatives on consumers, employees, suppliers, social groups, the environment, society and other members in the public domain that have stakes in the company’ s activities (Lindgreen & Valé rie 2010, p. 3). Thus, CSR is an obligation by MNEs to the people and communities around them.
The activities of a firm should be based on a global culture based on awareness and respect of the community’ s cultural needs as well as the differences within the communities. CSR activities range from disaster relief, action against poverty, environmental conservation, special needs programs and illiteracy schemes (McWilliams, Donald & Patrick 2006, p. 6).
CSR comprises an important economic phenomenon, which is strategic in profit maximization. However, CSR is an efficient process that has been proved as a channel for the provision of goods and services and is a compliment for the classical government interventions.
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