Tuesday, August 27, 2019
Corporate social responsibility in Asia Essay Example | Topics and Well Written Essays - 2500 words
Corporate social responsibility in Asia - Essay Example By initiating education, environment and health care programs, the government has established an avenue that firms are now adopting. For example, in 2009 the Chinese government launched an expansive tree planting program and in response Chinese based firms established tree planting as part of their CSR initiatives. Another notable aspect that makes China maintain a strong business to business relationship is the support among various organizations that operate in China. For example, based on its effort to support small enterprises and conserve the environment, Wokai benefits from the support of Cathay Pacific Airways and Morrison & Foerster that provides financial and legal support respectively (Chen and Dean, 2007). One of the major challenges that faced China is the earlier cases of violation of human rights that created a negative image of the country business atmosphere. Major cases that created a negative image for the government was the use of prison labor in order to produce p rofitable products in the international market. In the area culture, Alan (2003) argues that the government has been noted to violate human rights by persecution of individuals who engaged in activities that threatened the control of the government. However, in its effort to create investors confidence, the Chinese government has engaged in dialogue with foreign countries on the matters of human rights. For example, in the past 5 years, the government has invited delegations from Britain, France, Australia and France to access the human right situation. The major country that has led in the ending of human rights violation in China is US. In their studies on the impact of human rights on business investors in china,... One of the major aspects that make Japan a country with business opportunities is the extensive use of CSR in the Japanese corporate management. As compared to Europe and the US where firms aims at attaining short-term returns for their shareholders, Japanese companies place high value to all the stakeholders including the customers, employees, shareholders and members of the community (Waldenberger, 2007). In this regard, majority of companies in Japan have established departments that deal with corporate social responsibilities. Yamaha Company, a Japanese based firm is one of the key companies that have initiated a strong CSR department. Through this department, the company initiated Yamaha Forest reforestation program in 2010. During the first phase of the program that took place in Sukabumi Regency, Yamaha Motor Company in collaboration with Yamaha Corporation planted approximately 115,110 trees. Other organizations that are engaged in the environmental conservation in Japan incl ude Japan International Cooperation Agency (JICA) and University of Kuningan among others.
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