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Globalisation and corporate social responsibility (CSR) - Coggle Diagram
Globalisation and corporate social responsibility (CSR)
CORPORATE SOCIAL RESPONSIBILITY (CSR)
'is about corporations taking responsibility for the conduct and impact of their businesses'
three main perspectives of CSR:
it is the right thing for corporations to do
it is expected of corporations
it is in corporations' interests to engage in CSR
brand misconduct can adversely affect corporations
the fashion industry is particularly vulnerable to this
concerns about subcontracting their supply chain and exposing workers to dangerous working conditions
DEBATES ABOUT CSR
can a corporation be regarded as a moral agent?
have an internal structure consisting of a hierarchical chart indicating the corporation's internal levels and positions of power together with a corporate policy specifying decision rules
membership of a corporation has been reasoned to involve accepting shared responsibility and consequently shared blame
in law corporations can be criminally liable - as can individuals and senior officers in a corporation
the nature of CSR and corporations' responsibilities
climate change 'disproportionately affects the poorest people in the world'
globalisation and global business highlight connections between developed and developing countries and the importance of multinational corporations taking responsibility for their operations around the globe
extent to which CSR is discretionary - others view CSR as essential commitment to ethical principles, processes and impact
ACCOMPLISHING CSR
three different perspectives
corporations should manage their social responsibilities themselves
government intervention is needed to ensure moral behaviour by corporations with corporations' responsibilities being limited to political and legal compliance
corporate morality is best achieved through the market system
in reality, consumers rarely have sufficient knowledge or accurate information to shape the market in this way
CSR is not a primary consideration in consumers' purchase decision-making
there is also a notorious gap between consumers' ethical purchase intentions and their actual behaviour
governments are also taking responsibility
but governments cannot always be relied upon to act disinterestedly
corporations may also find that their interests conflict with those of another group
there are also regional differences in approaches to business ethics
NGOs, the media and campaign groups play a role in monitoring corporations' activities and bringing attention to bear on ethical transgressions