Corporate Social Responsibility and Transnational Companies

In this essay, I have discussed how essential Corporate Social Responsibility (CSR) is for the success of Transnational Corporations. UN Global Compact is also being discussed. I have also included case studies to support of Nike, Primark and Microsoft. Moreover, I have included positives and negatives about CSR and the factors that exist in CSR which may lead to the success of transnational corporations. Finally, I have included the role of stakeholders in CSR.

Corporate Social Responsibility (CSR) has no universally-acknowledged definition. However, on a general note, it is referred as "transparent business practices that are based on ethical values, compliance with legal requirements, and respect for people, communities, and the environment" (Baird, Kramer & Wofford 2002). Accordingly, companies are not only liable to make profits but are also expected to make a positive influence on the human race and our planet. As far...
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