Analyse the key elements of corporate social responsibility for companies operating in global...

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Analyse the key elements of corporate social responsibility for companies operating in global markets. Evaluate the progress made by international agencies and NGOs in establishing international standards for this area.

Anwser should have between 500-700 words and at least 3 references including the attached text book. i also attach the article in case you can use it.

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OrganizationScience informs ® Vol. 17, No. 3, May–June 2006, pp. 402–414 doi 10.1287/orsc.1060.0186 issn 1047-7039eissn 1526-54550617030402 © 2006 INFORMS The Impact of Corruption on Entry Strategy: Evidence from Telecommunication Projects in Emerging Economies Klaus Uhlenbruck Department of Management and Marketing, University of Montana, Missoula, Montana 59812-6808, [email protected] Peter Rodriguez Darden Graduate School of Business Administration, University of Virginia, Charlottesville, Virginia 22906-6550, [email protected] Jonathan Doh Department of Management, Villanova University, Villanova, Pennsylvania 19085, [email protected] Lorraine Eden Department of Management, Texas A&M University, College Station, Texas 77843-4221, [email protected] ith globalization and the growth in emerging economies, multinational enterprises (MNEs) now frequently con- Wfront challenges associated with corrupt governments. Already, a growing body of research has demonstrated that corruption signi?cantly reduces a country’s aggregate in?ows of foreign direct investment through its effects on ?rm per- formance. We move the analysis of corruption from aggregate ?nancial ?ows toward managerial theory and practice by examining how ?rms adjust their strategy for entering foreign markets in corrupt environments and how different types of corruption affect ?rms’ choices. Building on institutional theory, we predict that MNEs will respond to pervasive and arbitrary corruption in a host country by selecting particular types of equity and nonequity modes of entry. Using data on 220 telecommunications development projects in 64 emerging economies, we ?nd that ?rms adapt to the pressures of corruption via short-term contracting and entry into joint ventures. We also ?nd that the arbitrariness surrounding corrupt transactions has a signi?cant impact on ?rms’ decisions, in addition to the overall level of corruption. In contrast to extant research,...

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Robert · Accepted Answer

ABSTRACT 
Corporate Social Responsibility or CSR as it is known is becoming an increasingly integral 
part of the corporations both on the national and the global level. The term CSR has often 
been termed as the Corporate Citizenship and defines the prima facie duty of the corporate 
liability towards the citizens and the society as well. With the increase in operating markets, 
the responsibility has increased in numbers to expectations of people. We will define the key 
elements of the corporate social responsibility 
BODY 
When we talk about Multinational Entities operating in the global region, we are talking 
about industries where millions of people are associated with their individual expectations 
from these MNE’s. Generally speaking, these MNE’s have greater social responsibility than 
its domestic counterparts because they are the ones controlling these domestic counterparts. 
When we talk about MNE’s, for example many pharmaceutical companies have come in the 
upfront to donate free drugs and vaccines to developing nations as a measure of their CSR. 
Talking about manufacturing companies, they have shared their responsibilities by adhering 
to issues such as child labour and environmental pollution in developing economies. Even 
giants like Tata Group (India) are showing similar concern where they channel some of the 
profits back to the community via trusts activities from the subsidiary of Tata Sons. 
Although the initiatives taken by some of the key MNE’s have resulted in social welfare,

Analyse the key elements of corporate social responsibility for companies operating in global markets. Evaluate the progress made by international agencies and NGOs in establishing international...

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