Corporate Social Responsibility (CSR) In an Organization

As the industrialization and globalization have become more intense for decades, the concept of corporate social responsibility (CSR) becomes more advocated and is employed by corporation globally (Smith, 2011). However, despite an urge for performing â€Å"good† social roles, there still be numerous of organizations showing their unwillingness to fulfill their expected responsibility due to the controversy of how the concept should be defined amongst academia, businesses, and society, in addition to the conflict of interests between a firm’s shareholders and stakeholders that accounts mostly for difficulties in implementing CSR practices. Therefore, the purpose of this paper is to dig deeper into above problems by presenting the definition of†¦show more content†¦For example, a different in law systems among countries may cause ethical dilemma. Moreover, major concern of stakeholders after economic crisis has turned to corporate governance or the transparency in the activities of business as number of corruptions, bribery, and frauds revealed by media reports is increasing nowadays (LRQA, 2010). However, not only dealing with legal and ethical compliance, multinational corporations are also socially expected to promote the general welfare of the society it functions through philanthropic practices, contributions to health and education, disaster preparedness and responses, and poverty alleviation since â€Å"companies cannot succeed in societies that fail† (Slater, Thanatrakolsri Wokeck, 2013, p. 1). Finally, there are too many areas that ethical dilemma could occur and it is insufficient to solely comply with local laws; while meeting the expectation of the society requires a great deal of resources (Shubiri et al., 2012). 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