Corporate Social Responsibilities of Multinational Companies

Abstract

International business consists of transactions that are devised and carried out across the national borders to satisfy the objectives of individuals and organizations. Today, almost all companies are affected by Global events and competition. The increase in competition among the multinational companies to gain first mover advantage in various countries by establishing goodwill relations with both the state and the civil society. Being a socially responsible multinational company means not only fulfilling the legal expectations, but also going beyond such as investing more in human resources and facing the environmental problems and also satisfying the stakeholders . The social responsibilities are divided into two heads namely internal environment responsibilities and external environment responsibilities. By practicing the social responsibilities in international business, the multinational corporations will not only get more profit but also they can maintain their goodwill ands retain their business position for a long term survival.