Globalization is a factor that has altered the way national and international companies are conducted; it is a factor that has completely erased barriers between countries, allowing cross-national trade to flourish. At the same time, globalization has encouraged most businesses, particularly those from rich countries, to start ventures in underdeveloped countries. As a result of all of this, many multinational corporations (MNCs) exist in many countries around the world, particularly in developing countries.
Globalization and CSR was chosen as the research topic since it is a unique and novel concept for international businesses. Companies can be impacted not only by regulatory and political settings, as evidenced by Volkswagen's reputational problem in 2015 related to emissions (Birch et al., 2016). They are influenced by the society in which they operate, as well as the evolution of globalization. Transnational firms are vulnerable to criticism and reputational damage not only in one country, but also across their whole operating region. The examination of globalization and CSR concepts, their key theories, and case studies of firms like Volkswagen to determine the impact of CSR is the expected path of this research.
The impact of globalization on the corporation and its social duties is discussed in this article. It starts with a definition of the term "globalization." The classic paradigm of corporate social responsibility (CSR) is described next, in which the duties of enterprises are examined in relation to a more or less well-functioning nation-state structure and a uniform moral code. It defines the emerging scenario in the business environment, which includes regulatory gaps in global regulation, erosion of national governance, and a loss of moral and cultural homogeneity. It also examines the repercussions of the post-national constellation using two recent observations of business company behavior that demand for a new perspective on CSR. Finally, it outlines the necessary paradigm shifts in a globalized society toward a new politically expanded understanding of CSR.
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