Vogel’s ideas in the Market for Virtue are seen by critics as being goal-oriented and reasonable description of the many behaviors that are seen under the rubric of the (CSR) It is with this understanding that this paper will draw useful distinctions between the many divergent CSR manifestations and offer thoughtful metrics for supporting the author’s initial limits evaluations and in the conclusion offer solution for the challenge.

The growth of corporate social responsibility for many observers over the years has come to symbolize a primary change in the global firm’s behaviors. From this aspect, in order for the shareholder’s value to be maximized in an open international marketplace, companies have to act more responsible. Therefore, stressing on the need for a virtue market. There is an influential belief that since corporate social responsibility pays businesses will be forced to act more responsible. Even though, the idea is striking the evidence used to back up its business case is relatively still weak. The fact that remains is that mostly on the performance of the firm or financial prospects reports analysts rarely state anything related with corporate social responsibility making it a clear example of its continued irrelevance to the financial markets.

Another challenge lies in the civic pressures to develop corporate social behavior is the progressing challenge of measuring and therefore analyzing, irresponsible and responsible conduct. In addition, less demand for the CSR is also an obstacle. Analyzing, this issue shows that people, like businesses, don’t exhibit morally consistent behaviors. This makes it extremely hard to improve measure or analyze a corporation’s general virtue.

The market as an entity presents a barrier for the virtue market, meaning that the channel for the corporate virtue is monopolized by stakeholders and consumers unwilling to pay extra for the development of the virtuous corporate actions.

Internationally in countries that have substantial natural resources corporate human rights impacts have been limited by large-scale civil strife and corruption. This points out that the most effective method for reconciling public social purposes and private business goals remains what it has always been, mainly effective government signify the best way of forcing the less virtuous business to improve their environmental and social practices. While, also creating a fair playing field for all those involved.

Conclusion

The initial CSR definition needs to be extended to incorporate even the company’s position in relation to public policies. This would offer an expectation that is more realistic to the developed countries that have governments capable of regulating the firm’s actions even in the face of business rivalry effectively. This implies that businesses must collaborate with other stakeholders and institutions to devise ways of improving the effectiveness of the governments in the developing countries

CSR, in the short run, can be an important alternative to government regulation; however, it should not be used as a long-term People need to recognize the limitation and possibilities presented by a virtue market.