Corporate social responsibility in the global business community Assignment

Corporate social responsibility in the global business community - Assignment Example Also, it changes the business entrepreneurs perception towards business and society. Today, business is not just about profits, but it is more about profit sharing with society and employees (Kiran & Sharma, 2011). The majority of the world-renowned firms and organizations, for instance, the world bank, as well as European Commissions are mostly actively promoting and supporting the concept of Corporate Social Responsibility. However, Modern corporations attempt to put significant focus on the politics, economy, and the society of a country (Baxi, 2006). Perhaps, the developing nations are supposed to focus more on the Corporate Social Responsibility implementation and from the planning process. In addition, they can form alternatives to lifting the development of the social sector, and a suggested way is to develop viably and strategized public-private partnerships. Currently, the greatest challenge for most governments is on how to create Corporate Social Responsibility practices policies aa well as nurture a framework that is durable and would assist society and companies to translate the public policies to deliverables (Kiran & Sharma, 2011). Therefore, the paper focuses on defining CSR, identifying a global business that implements a CSR strategy, explain why, how, and where the global market they implement their strategy. The overall objective of the paper is to get a better understanding of how and why global companies are becoming more responsible. The paper also include the interpretation and conclusion. Nestle is one of the global renowned and largest, beverage and food companies. Nestle is a very old organization that started its activities almost 130 years ago. Its key success is innovations of its product. Alongside with its innovative capabilities, its brand business acquisitions that have made it be the large food firm all over the world. However, with time the passing, the Nestle company has swiftly grown and penetrated into the production of