For this assignment, B839-TMA01, we will conduct an analysis of popular articles on corporate social responsibility. Firstly, we will discuss the history and evolution of corporate social responsibility by Mauricio Andrés Latapí Agudelo, Lára Jóhannsdóttir, and Brynhildur Davídsdóttir. The second article to analyze is the role of CSR in fostering societal well-being by Harald Strotmann, Jürgen Volkert, and Melinda Schmidt. CSR should benefit corporations as well as promote the well-being of individuals, communities, and society. Therefore, we will review the framework of corporate social responsibility. This will help us to understand more about the contrasting literature reviews by carious articles on CSR.
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B839-TMA01; LITERATURE REVIEW OF THE HISTORY AND EVOLUTION OF CSR & B839-ANALYSIS OF POPULAR ARTICLES
This research paper provides a distinctive perspective on the history and evolution of corporate social responsibility as a conceptual paradigm. We will do so by reviewing the factors that shaped its understanding and definition. They include academic contributions, international policies, and significant social and political events. This aided in shaping the framework of corporate social responsibility. However, a historical review is missing in the academic literature, which shows the evolution of the scholarly understanding of the concept of CSR. This limits the analysis of popular articles on corporate social responsibility in understanding the role of CSR in fostering societal well-being.
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MULTINATIONAL COMPANIES IN FOSTERING SOCIETAL DEVELOPMENT THROUGH CSR
This is a literature review on the role of CSR in fostering societal well-being. There is still a lack of reliable evaluation results of CSR’s effectiveness and efficiency. Most business studies fail to understand and take account of the well-being effects of CSR in the eyes of the poor. Therefore, there is a need to review and understand the framework of corporate social responsibility. Lack of critical analysis of popular articles on corporate social responsibility can result in less or no improvement in the well-being of local communities. To improve the multidimensionality of poverty in society, we must also understand the history and evolution of corporate social responsibility.
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