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Century. While these benefits are vital for employee motivation, they should not be taken overboard at the expense of the suffering masses. Each and every company should strive to be involved in attempting to balance this distribution of wealth. It will give the definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. By this mean, the employees are more satisfied to the companies and will be less likely to resign and have better performance in the workplace. The concept of CSR has moved beyond its US birthplace and has spread all over the world, with an impressive upsurge during the last 10 years. Sustainable development is development to satisfy the needs of present generation without sacrificing the ability of future generations to development (wced, 1987). Companies are responsible to ensure the safety and ethnic in the workplace.
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Todays companies can no longer afford to ignore CSR. As the foundation of every human being in the earth, responsible to environment is an essential part of CSR programs. Social responsible firms should hire local labour force in the work place. Works Cited, anderson, Jerry. The New York Times Magazine, September 13, 1970 Henderson,. The Acdemy of Management Review, Vol.4,. Since the most important goal for the company is maximise its profit, scholars and managers are working to figure out how CSR programs will influence the companys profitability. Excellent executives are aware that their long-term prosperity is founded on sustained good associations with a broad range of persons, groups, and organizations.
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