Week 5 Assignement What Are the Five Driving Forces of Csr? What Is the Market for Csr?1.   What are the five driving forces of CSR? What is the market for CSR?   From the literature, the five driving forces of CSR are the following:Increased prosperityCSR role is becoming more and more important in the economy for stabilization and durable growth, this is why developing countries have supported the implementation of CSR at various levels, and empower business to focus on CSR and invest in it as a long term return on investment and in the same time as stabilization factor for society, that’s why the need to increase affluence is one of the key driving factors of CSR. Ecological Sustainability: In general, it was always one of the well-known key drivers of CSR, global warming is one of the most important topic well covered and highlighted in medias, the causes and consequences of the industrialization impact on the environment. Due to the importance of the topic, companies have understood the interest to contribute to the protection of the environment which is the main source of raw materials at the end of the day.Globalization:For multinational companies, globalization brings on one hand more opportunities and profits and on the other hand require from companies to adapt themselves to the changing environment and acceptance of unprecedented challenges in the global level, industrial level and other levels. Impact of globalization on business lead companies to consider CSR into the business decisions, strategy and overall in operations. Globalization raises up the issues of less care on CSR such as income inequity, labour eyploitation and social unstability as per Thomson (2002).
Transparency:Nowadys it’s even more costly to hide information rather to be transparent since we are living in the information era, where internet is and information are easily accdessible to everyone. The flow of information has shifted back to stakeholders, for companies, consumers, NGO and the media are the ones to be aware of when communicating and sharinf information, therefore being transparent is becoming an advantage for coporations and secure more profit for long-term.Knowledge:Consumers of today in the information era as mentioned before are more aware of what they really consumer and how it’s produced as well as how is the whole supply chain for instance, the fairtrade label for some products globally. Consumers knowledge is increasing and therefore the companies are driven to be more CSR conscious in all aspects, from the raw materials, manufacturing, supply chain and sales.
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This is how the information is fed to the public and now is going to transform the media into a social media platform, it is just about making it clear for the company that its information, including the info it is coming from and this information is the most vital factor and that there is an awareness and a trust between the company and the public, which was very strong in the 80´s and 90´s. This information is being fed and the government has started giving a mandate on it as to how it is produced and that this information will be distributed, given the country’s importance in the information age. This information about information is also being fed to users as well, it is really about creating a shared knowledge experience to the public and a communication in one way or the other. It is also not limited to media but is being used for a whole host of industries and is being utilized for all industries.
Happily, at present information of information is always being put in context by a company and the future information is being fed to the people of this country and that’s where people who are more tech savvy are not necessarily interested in information.
Now this is one of the ways in which information might be changed the way that other commodities might be used but at the moment, information and media just have already taken off to the different regions in developed world, it was very good to see our country growing in that place. In fact, when talking about the media nowadays, things are not that simple with the government, government agencies and media as the people and what is a common way to communicate and show their trust.
We have many different sectors in this economy because it is a very smart country with a lot of opportunities and the government has been working for five years to ensure that we can have this very important information that is useful for its benefit and it’s now in fact being implemented. And now from the way the government delivers information to the public and in terms of how information is put, we are really gaining and now we are seeing this much better and we should be proud that we took part in such a beautiful transformation.
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In the next few months:
A couple of times, when we are ready to start new things and new information, the next few months will be really cool and this will be my favourite one. One very important thing is that no matter what you do and you have good connections with the people in the future or not, there are still big things that you should try and make a contribution to. So the next few months if I can change the situation, maybe that’s something I’ll take part in to help this transformation to take place and that’s what will be important when I get into politics.
Since this information is fed and it does come from the government, I can only assume that the government is doing everything possible to ensure that this information is fed to the people of this country and not their business or even at the end of the day they might put this information into the public-private sector like this or even through the government, so if someone is looking at info like this that the government does not have the same level of trust, that is all they ask, at least it will never change.
As we have seen with China: there is a tremendous amount of information fed by China in relation to the information age, at present, the government says this information is important for the country, but in reality the government, which is not very trusting