Topic > The company's strengths, limitations and challenges...

Profit is no longer an important issue in today's market. Rather, ethics in business is becoming very important for domestic and global companies to meet the expectations of consumers, employees, non-governmental organizations and other interest groups. As a result of these developments, companies are competing to adopt good codes of conduct called corporate social responsibility (CSR) which tell consumers and other pressure groups that a company has a good level of social and environmental systems, as well as health and safety. procedures (Peterson and Anderson 2006). In the following lines, the article will introduce the definition of (CSR), the strengths, limitations and challenges facing the national and international CSR system, and the impact of these strengths, limitations and challenges both on network of suppliers and resellers. The case study will focus on some concerns raised by the media and NGOs in global supply chains. The online business dictionary defines CSR as “the company's responsibility towards the community and environment (both ecological and social) in which it operates”. In other words, it is an organization's obligations towards the well-being and interest of both society and the environment. For example, x a company fulfills its obligations towards the environment by reducing waste and pollution, creating social programs such as contributing to educational and social programs, or obtaining adequate profits and complying with the law in terms of health issues and safety and providing a living wage for employees. These are some of the issues called codes of conduct that organizations supposedly claim for implementing such standards in global supply chains....... middle of paper...... I would buy the products for an ethical cause only if they are cheap (Friedberg 2003) In conclusion, the buyer-supplier relationship in the global market is complicated due to corrupt regimes. As a result, the limitations and challenges of CSR are complex in developing countries. Business could overcome the limitations of CSR if developing countries adhered to the law of the land without self-interest. This also applies to the local and global market. According to the BBC, the catastrophic Rana Plaza factory collapse, which killed more than 1,100 people in Bangladesh, is a clear sign of how these corrupt governments abuse their citizens. This isn't the fault of Primark's code of conduct; It's the fault of people who claim to be ethical but really aren't. The working poor don't need money but they need respect as human beings.