Question

Differences in csr in developing and developed countries

Answer 1

Increasingly, companies around the world are integrating CSR as a business strategy into their policies and practices. There are many factors at play augmenting the increased awareness of CSR. From the absolute business point of view, the need to protect brand image and reputation of business act as a driving force for companies to apply CSR. At the international level, the various NGOs, multi-stakeholder forums, and intergovernmental CSR initiatives through adopting voluntary codes of conduct and other partnership and networking activities appear to be instrumental in establishing and promoting CSR as an integral part of corporate business. At the national level, corporations are adopting CSR as a policy-matter of the business in response to the rising demands of different stakeholders’ interests, competition for access into global markets, and importantly satisfying the social needs.