Evolution of cooperate social responsibility to industrial development

Abstract

Mankind has benefited greatly from the various industrial developments such as the

steam engine revolution in the 1960s. However due to the various changes in industrial

practices, many things had been affected such as the structure of society, economy,

environment and politics. All these in return lead to the evolution of cooperate social

responsibility (CSR). This report will be focusing how the CSR evolutes due to

industrial development. Both CSR and industrial development have an interlinked

relationship, therefore it resulted in a system dynamics problem. As it is a system

dynamics problem, this report will be using a program known as VENSIM to analyze

how the industrial development propels the evolution of CSR. VENSIM will enable us

to simulate the different scenarios between industrial development and CSR and allow

us to obtain results. From the results, we are able to identify the main factors that

resulted in the increase of awareness of CSR.