There are five major trends that influence CSR and that have been the driving force behind the CSR phenomenon. These forces are:
1. Transparency: Companies can no longer hide things. With the creation of the internet and government legislation. What companies do for either the good or the bad will be known almost instantaneous, where in the past companies have been able to hide things from the citizens.
2. Knowledge: With all the information we can find today this has caused the economy to be stricly information based, we know have more information than ever before at our disposal. This is great for consumers and investors, consumers will be able to access these companies files and when purchasing between products that are similar in nature, will be able to choose the one that has the best CSR
3. Sustainability: There has been a huge topic lately around the world, that with our population so high we have crossed the sustainable yield threshold of many of our natural environmental systems that we heavily rely on. This is a major problem for us and some of these companies that heavily rely on these environmental systems for there business and are under a great deal of pressure to cut back and show they are doing there best to be environmentally friendly, for the good of our future.
4. Globalization: Which is the cooperations of people, companies and governments of different nations to come together and create a plan for our future so we will be able to sustain life here on our planet for as long as possible.
5. Failure of the Public Sector: Many people in oursocieties world wide have lost their faith in the government, and arguabbly expect less from them because of previous promises that they have failed to keep. With this failure of the public secotr the pressure has greatly increased to those who own businesses and corporations, to take action for their own social actions and do whats right for the people.
1. Transparency: Companies can no longer hide things. With the creation of the internet and government legislation. What companies do for either the good or the bad will be known almost instantaneous, where in the past companies have been able to hide things from the citizens.
2. Knowledge: With all the information we can find today this has caused the economy to be stricly information based, we know have more information than ever before at our disposal. This is great for consumers and investors, consumers will be able to access these companies files and when purchasing between products that are similar in nature, will be able to choose the one that has the best CSR
3. Sustainability: There has been a huge topic lately around the world, that with our population so high we have crossed the sustainable yield threshold of many of our natural environmental systems that we heavily rely on. This is a major problem for us and some of these companies that heavily rely on these environmental systems for there business and are under a great deal of pressure to cut back and show they are doing there best to be environmentally friendly, for the good of our future.
4. Globalization: Which is the cooperations of people, companies and governments of different nations to come together and create a plan for our future so we will be able to sustain life here on our planet for as long as possible.
5. Failure of the Public Sector: Many people in oursocieties world wide have lost their faith in the government, and arguabbly expect less from them because of previous promises that they have failed to keep. With this failure of the public secotr the pressure has greatly increased to those who own businesses and corporations, to take action for their own social actions and do whats right for the people.