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Global Business Environment

What are some of the concerns regarding the social responsibility of MNC's especially in the less developed countries?

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The response addresses the queries posted in 562 words with references.

// Before concentrating on the concerns regarding the social responsibility of MNC's especially in the less developed countries, it is essential to know about what do we actually mean by Social responsibility of MNC's. Thus, in the beginning there is a short introduction of the topic: //

Social responsibility of MNC's is also known as Corporate Social Responsibility (CSR). There is no standard definition or a recognized criterion of CSR. Basically it lays an understanding that business plays an important role on the job and wealth creation in society. It is the way through which company achieves a balance of social, environmental and economic imperatives. It also addresses stakeholder and shareholder's hopes. It is applicable for all types of firms irrespective of the environment in which it operates (Keinert, 2008).

// Moving on, now we would discuss the ...

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The response addresses the queries posted in 562 words with references.

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