Challenges to Manage the Corporate Social Responsibilities Face Essay

Challenges to Manage the Corporate Social Responsibilities Face Essay

Length: 2355 words (6.7 double-spaced pages)

Rating: Research Papers

Open Document

Essay Preview

An MNC is an organisation that engages in production or service activities, through its own affiliates, in several countries, maintains control over polices of those affiliates and manages from global perspective. A business enterprise operating in several countries, but managed from only one (home) country is considered a multinational corporation.
Multinational Corporation creates jobs and wealth and improves technology in countries that are in need of such development. Major multinationals are American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW etc. While the developed countries specifically the European Union – still host the largest number of MNCs, the developing countries are home to a little less than one quarter of MNCs and they host more than half of all foreign affiliates worldwide. Significantly, most of these affiliates are in Asia, followed by Latin America and Caribbean. Many developing countries like India from these regions seem to have achieved significant economic progress over the past four decades.
Author James C. Baker defines Multinational Corporation as a company:
1. Which has a direct investment based in several countries;
2. Which generally drives 20 to 50 % or more of its net profits from foreign operations; and
3. Whose management makes policy decisions based on the alternatives available anywhere in the world. Shaikh Saleem (2009).
More specifically, a multinational corporation passes through the following stages: George A. Steiner and John F. Steiner (2003).
1. Exports products to foreign countries.
2. Establishes sales organisations abroad.
3. Licenses use of patents and technology to foreign firms that make and sell the MNC’s products.

... middle of paper ...

...CSR strategies. Transparency and dialogue can help to make a business appear more trustworthy, and push up the standards of other organizations at the same time.
• Steiner A George, Steiner F John. (2003). Business, Government and society: A Managerial Perspective. Mc Graw Hill. p.390
• Saleem, Shaikh. (2009). Business Environment. Fifth Edition. New Delhi: Pearson publication.
• Mittal, Vivek. (2007). Business Environment. First Edition. New Delhi: Excel Publication.
• Epstien, E. M. (1987). The corporate social policy process: Beyond business ethics, corporate social responsibility, and corporate social responsiveness. California Management Review, 24, 99-111.
• Berad, R. Nilesh. (2011). Corporate Social Responsibility – Issues and Challenges in India. International Conference on Technology and Business Management, March 28-30, 2011, p.101.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Importance Of Corporate Social Responsibility ( Csr ) Has Grown Essay examples

- Now in 2015, the importance of Corporate Social Responsibility (CSR) has grown. Organizations have been able to see what an impact CSR has on the overall function and longevity of one’s organization. A concept that has not always had extreme detail, now is a significant part of the day to day social consideration in any successful business; this is also a term that has a multitude of definitions, though the premise behind the concept is relatively the same. CSR is a result of World War 2, there became a strong need for more social consciousness, this lead to a global stance....   [tags: Corporate social responsibility]

Research Papers
1172 words (3.3 pages)

MNC Incorporation of Corporate Social Responsibility for Strategic Planning

- Question: “MNCs” face particularly demanding challenges when it comes to managing their corporate social responsibilities”. Critically discuss this statement using real business to support your arguments Boatright (2006) contend that corporate social responsibility denotes the responsibility recognized by a company for acting in socially responsible manner. There is no single universally accepted definition of corporate social responsibility, it has generally come to mean business decision making linked to ethical values, legal compliance, and respect for people, community, and environment....   [tags: business, CSR, ethics, environment]

Research Papers
2103 words (6 pages)

Effects of Family Responsibilities and Discrimination on the Career Progress of Women

- Introduction Writh noted that despite women becoming increasingly active in economic activities they are still under-represented when it comes to senior management position. She supported this argument by pointing out that 40% of the labour force comprise of women. However, when it comes to top management position; only 20% are women (Writh 2001). This is as a result of a number of barriers which prevent women from function effectively. Family responsibilities, stereotypes that have led to gender discrimination, are perhaps the most notable factors....   [tags: Life Work Balance Women]

Research Papers
1790 words (5.1 pages)

Essay about International Management Challenges

- ... With regards to the beyond demonstrations, it is indicated that managing relationships with host countries can be complex but extremely important to multinational operations as maintaining good relationships can assist their firms in dealing with issues that they may face in host countries. Therefore, despite many difficulties, develop strong relationships in host countries is the challenge that mangers from global companies. One of the other significant challenges is associated with managing global workforce diversity and global human resource management....   [tags: globalization, world economy]

Research Papers
2709 words (7.7 pages)

Essay on Corporate Social Responsibility

- Corporations deal with a wide variety of social issues and problems; some directly related to their operations, some are not. Corporate Social Responsibility (CSR) can be defined as “the actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations” (Ghillyer 78). If this is the case, establishing appropriate and practical ethical guidelines in the workplace seems to be a reasonable request as a basis for corporate operations....   [tags: Social Responsibility Essays]

Research Papers
885 words (2.5 pages)

Essay on Challenges Faced by Organizations Going International

- Contents INTRODUCTION 1 BRIEF OVERVIEW 3 CHALLENGES FACED BY ORGANIZATIONS GOING INTERNATIONAL 4 ORGANIZATION CULTURE AND ITS IMPLICATIONS 7 REFERENCES 8 INTRODUCTION With places people also differ and hence the culture. In Japan people are very polite while in Australia they are blunt. Even if one consider Red colour, it means stop or danger in United Kingdom, good fortune in China and symbol of death in Turkey. This shows vast difference in culture and thinking of people in different countries....   [tags: Organization Culture, Implications]

Research Papers
1237 words (3.5 pages)

Corporate Social Responsibility in International Business Essay

- In the past, the only thing most of businessmen interested in is how to maximize profits of companies and cut the cost as much as possible at any price. Very few companies of that time worried about the moral values and ethics in doing business. And when the concept corporate social responsibility (CSR) first appeared in the 1950s, not much corporation appreciated it, businessmen in that decade “talked” more than “action”. However, the emergence of this viewpoint showed the trend of the way doing business of the world has been changing....   [tags: maximize profits, businessmen]

Research Papers
1681 words (4.8 pages)

Essay on Forthcoming Challenges of Human Resources Management

- Human Resource executive are often confronted with many obstacles in the process of doing their job. Some of the major issues HR experts are encountering is retaining and rewarding of the best employees, the training of business managers, and the formation of corporate philosophies that make the business appealing to preeminent employees (SHRM, 2012). One source that assist corporation in the assessment of Human Resource issues is the Society for Human Resource Management (SHRM). The mission of this organization is to offer sustained professional development opportunities, promote national networking, and to in general improvement the concerns of a business that they identify in the state...   [tags: HR management, diversity, organization]

Research Papers
1303 words (3.7 pages)

Enron Scandals Involving Unethical Corporate Governance Practices Essay

- Between the years 2000 and 2002 there were over a dozen corporate scandals involving unethical corporate governance practices. The allegations ranged from faulty revenue reporting and falsifying financial records, to the shredding and destruction of financial documents (Patsuris, 2002). Most notably, are the cases involving Enron and Arthur Andersen. The allegations of the Enron scandal went public in October 2001. They included, hiding debt and boosting profits to the tune of more than one billion dollars....   [tags: Business ethics, Enron, Ethics]

Research Papers
1096 words (3.1 pages)

Corporate Dilemma: Information Technology Has Changed Communication Essay

- IT has contributed significantly to the improvement in communication, transportation, and to economic growths, especially for the Western societies (Desai, von der Embse, & Ofori-Brobbey, 2009). Emails, social media, and instant messaging have literary declared the traditional paper-mail mode of communication obsolete. Ken Strutin wrote of the “…brick and mortal world living at right angle to the virtual world” (2011, p. 229), albeit that brick and mortal world receding with its space shrinking....   [tags: knowledge, children, inappropriate content]

Research Papers
1586 words (4.5 pages)