Corporate Social Responsibility ( Csr ) Strategies By Companies Worldwide

1417 Words Nov 20th, 2015 null Page
The public’s increasing concern for social issues, such as sustainability, has resulted in the adoption of corporate social responsibility (CSR) strategies by companies worldwide. CSR has become an integral part of today’s business environment. Despite the growing trend towards the implementation of CSR, the United States seems to be lagging behind other countries, such as the United Kingdom and those in the European Union, in the depth and impact of their CSR commitments and actions. This gap may be attributed to the different political, social, and economic cultures present in the institutional frameworks of other nations.
The idea of social responsibility can be traced back to the late 19th century, when philanthropists, such as Andrew Carnegie, unknowingly set the foundation for how people view social responsibility today. He believed those with “wealth and economic power entail a responsibility for the community” (Druker p.54). In this view, socially responsible actions cannot be achieved until a profit has been made. On the other hand, Julius Rosenwald, of Sears, Roebuck and Company fame, was one of the early proponents of corporate social responsibility; stating, “you have to be able to do good to do well” (Druker p.54). In essence, Rosenwald advocated for the creation of business interests from societal needs and problems, therefore, turning the earlier notion of moral obligation of the wealthy to that of business self-interest (Druker p.59).
However, the term…

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