Corporate Social Responsibility and Globalisation (find a topic on it) Essay

Corporate Social Responsibility and Globalisation (find a topic on it) - Essay Example It reveals the way many companies have tried to employ CSR strategy in order to achieve successful business performance in the competitive global market. Globalization has contributed to varied changes in the international business activities. The literature attempts to analyze the way global integration has radically risen due to increased technological advancement; thus stakeholders have now started implementing CSR strategy in order to sustain their business in the competitive global market. Thus, despite the growing concern to the global CSR frameworks and globalisation issues, the literature review systematically examines the increased concern on adherents to these frameworks for the last decades. Global corporate social responsibility has emerged in the last decades as the significant strategy employed by varied multinational corporations in the global business for creating effective business performance. In spite of the growing concern of CSR and globalisation aspects, many scholars have attempted to examine the increasing number of adherents to the CSR frameworks (Lim and Tsutsui 2012, p. 2; Zaremba 2009, p. 127). From a rational actor model, the increased number of CSR is a puzzle since the costs and benefits associated with these frameworks are profoundly uncertain (Lim and Tsutsui 2012, p. 2). Many multinational companies that have attempted to operate their business across the globe have considerably gained some public relation benefits for demonstrating their commitment to CSR principles. Although corporations employing CSR might gain public relations benefits, some of them have been accused of making empty promises and evading regulatory devices. Many scholars have argued on the issue of CSR in relation to the multinational corporations and their capability to adhere to the international policies where they operate (Cramer, 2006, p. 78;