Assignment AdvanceTopicManagement Essay Example | Topics and Well Written Essays - 1500 words

Assignment AdvanceTopicManagement - Essay Example According, employees interest such as legal right has been compromised to customer and employers interest. Based on three journals regarding CSR, it carries out investigation on this common CSR misbehaviour problems by Chinese manufacturers, analyzes reason, current development and solution for this matter. Fiedman & Lee (2013) introduce that agency theory is a concept that explains why behavior or decisions by member of group, it provides a platform to explain relationship between agency and shareholders. It suggests that management of firms is undertaken on behalf of shareholder can improve the operation efficiency and increase profitability. In another hand, they explain that agency theory can be used to explain the failure CSR. The first article is about the Harmonious Society and its relations on Chinese CSR by Kok 2009. The second article is about Remaking the World of Chinese Labour and it deals with the key problems in the Chinese manufacturing industry by (Friedman and Lee 2013). The third article is Agency theory and it reviews the business problems in China. This article is a Strategic CSR or stakeholder theory emphasizes the balance among varieties of stakeholders, emphasizes the balance between social impact and economic impact during CSR implementation (Kok,2009). The article is a Comparative literature reviews on CSR development, exploration, to explore that how Harmonious Society will contribute to increasing CSR engagement. However, as employee, customer and employer etc are located in different positions. It is accompanying with power and interest conflicts, which is hard to be balanced (Martin Samy, 2010). The paper concluded that Hu Jintaos harmonious society is unlikely to promote CSR in China. Despite the harmonious society created by Chine President, the country still continues to violate labor laws which are leading to poor working conditions. This is with regard to the large number of manufacturing