Critique of the Concept of Corporate Social Responsibility
Also as CSR can be "a source of opportunity, innovation, and competitive advantage" rather than just "a cost, a constraint, or charitable deed". Along with the comprehensive the renovation of the country, the success in accelerating economic growth rate are posing the country for many social and environmental problems the urgent.
Jorina Fontelera from Demand Media defines corporate social responsibility by comparing it to corporate philanthropy. Demand media describes corporate social responsibility as corporate philanthropy but addressing issues that affect “the environment, consumers, human rights, supply-chain sustainability and transparency for the greater good of the world at large”.
In the financial and corporate world, corporate social responsibility is given with a positive impact on performance. There are, however, several factors that show the need for corporate social responsibility. The first factor is population. The expanding population in developing regions will create larger markets dominated by younger individuals with questionable access to the developed world’s standard of living. Statistics show that more than eighty five percent of the world’s population will live in developing countries by 2025 (Crowther and Rayman-Bacchu 165).
However, for many companies, corporate reputation and brand image are the fundamental components of business success.
Anderson, Jerry. Corporate Social Responsibility: Guidelines for Top Management. Westport: Greenwood Press, 1989. Print.
Banerjee, Subhabrata. Corporate Social Responsibility: The Good, the Bad and the Ugly. Northampton: Eward Elgar Publishing, 2007. Print.
Crowther, David and Rayman-Bacchus, Lez. Perspectives on Corporate Social Responsibility. Burlington: Ashgate Publishing, 2004. Print.
Werther, William and Chandler, David. Strategic Corporate Social Responsibility: Stakeholders in a Global Environment. Carlifonia: Sage Publications, 2006. Print.