Corporate social responsibility is a collective duty that aims to change society, but it is not an action aimed at replacing government operations and policies such as the elimination of poverty. CSR presents problems and concerns all over the world. A large number of companies, including small and medium-sized enterprises, are developing their business 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 Shouldn't Be Banned"? Get an original essay On the other hand, companies are also under pressure from external stakeholders to include moral considerations in addition to financial aspects in their investment decisions. By investing in CSR funds, investors must consider moral issues in portfolio management and derive financial utility from their investment. It is rather contrary that SMEs are influenced by the general value system that dominates social networks in the value chain in which they control. Pressures from employees and the community influence the competitiveness of SMEs and can promote social equity related to CSR. Once SMEs are able to improve financial performance, they gain ground towards CSR. In response to government action to promote CSR, it stopped focusing exclusively on large businesses and for the first time began to focus on the majority group of SMEs. These businesses have been influenced by all the other larger companies and therefore have difficulty solving their problems and often have difficulty obtaining funding due to competition from larger companies. The CSR agenda is overwhelming and has emerged from globalization debates fueled by revelations about the environment, labor and human rights. It also means recognizing where business activities are currently aligned with development objectives by applying all policy elements. When allocating these funds, CSR must examine aspects of labor standards, human rights, education, health, child labor, conflict and transparency in relation to government revenue from natural resources. The contemporary CSR agenda fails to realize its potential contribution to development. In a sense, the CSR agenda is nothing more than the backbone of business. It can be modified around the fundamental principles of sustainable and equitable development. SMEs do not have resources to assign employees to work on CSR, even on a part-time basis. They may be disconcerted by corporate responsibility reports from large multinationals who see them as simply a public relations exercise. These businesses do a lot of good for local communities, but they often do it instinctively. This leads to important assumptions: existing CSR policy will have minimal impact on most manufacturing SMEs unless their market-based decision frameworks change. Our data suggests that without such a change, the main driver of manufacturing SME activities will be existing regulatory structures that provide minimum standards for many activities covered by CSR. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay The basic and budget constraints of SMEs, their local involvement, and the important role played by human capital, directly influence the prioritization process used by managers to develop specific activities.
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