This dependency of business organisations on society outlines and highlights its responsibilities towards society.
The expectation on the part of business organisations towards society has been identified and termed as corporate social responsibility in present world. Corporate social responsibility determines and governs the sustainability position of business organisations to a wide extent. The higher orientation of business organisations towards philanthropic and social cause improves sustainability and growth possibilities of business firms.
Corporate social responsibility (CSR) is also being termed as corporate conscience (CC). The philosophy of CSR indicates that business organisations need to develop and implement policies capable of fostering developmental cohabitation to society. The CSR initiatives and projects aimed at promoting social and public interest through implementing social welfare programs and themes (Blanpain 2011). However, business organisations are also facing some challenges and issues in discharging their social responsibilities and obligations in an effective manner. The underlying business essay aims at identifying challenges and issues arising in the path of companies preventing them in discharging and fulfilling their social responsibilities in an effective manner.
The challenge and issue of regional asymmetries and digital divide has been intensified in the recent years. The pace of globalisation and liberalisation has provided new dimension to the issue of regional asymmetries. The policy of globalisation and liberalisation has facilitated and paved the path of global reach and expansion for multinationals. Multinationals can easily expand their business operations in other countries in order to widen their global reach and market share. The global reach and expansion to other countries enhanced market share of multinationals on one hand and also invited challenges in their existing