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Essay / Corporate social responsibility for small and medium-sized businesses
Corporate social responsibility is a collective duty that aims for changes in society, but it is not about actions aimed at replacing government operations and policies such as the eradication of poverty. CSR raises issues and concerns all over the world. A large number of companies, including small and medium-sized enterprises, are expanding their operations globally, taking advantage of market liberalization, trade integration and sourcing opportunities from subsidiaries and suppliers in developing countries. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay On the other hand, companies also face pressure from external stakeholders, to include moral consideration in addition to financial aspects in their investment decision. When investing in CSR funds, investors must consider moral issues in portfolio management and derive financial utility from their investment. It is quite the opposite for SMEs to be influenced by the general system of values that dominates social networks in the value chain they control. Pressures from employees and the community influence the competitiveness of SMEs and can promote social equity linked to CSR. Once SMEs are able to improve their financial performance, they gain ground in CSR. In response to government action to promote CSR, the sector moved away from focusing exclusively on large companies and, for the first time, began to focus on the majority SME group. These companies have been influenced by all the other big companies and therefore find it difficult to solve their problem and they often have difficulty obtaining funds due to competition from big companies. The CSR agenda is overwhelming and is born out of debates on globalization fueled by revelations on environmental, labor and human rights. This further means recognizing where business activities are currently aligned with development goals by applying all policy elements. When allocating these funds, CSR must consider aspects of labor standards, human rights, education, health, child labor, conflicts and transparency with regard to concerns government revenues linked to natural resources. The current CSR program fails to fulfill its potential contribution to development. Crucially, the CSR program is nothing but a pillar for businesses. It can be modified around the fundamental principles of sustainable and equitable development. SMEs lack the resources to assign employees to CSR work, even part-time. They may be disconcerted by corporate responsibility reports from large multinationals, which view them as nothing more than a public relations exercise. These companies do a lot of good for their local communities, but it is often done instinctively. This leads to important assumptions: existing CSR policy will have little impact on most manufacturing SMEs unless their market-based decision-making frameworks change. Our data suggests that without such change, the main driver of activities in manufacturing SMEs will be existing regulatory structures that provide minimum standards for many activities covered by CSR. Keep in mind: this is just a sample. Get a document now..