5003 - Corporate Social Responsibility (CSR), Sustainability, and the Circular Economy - Globalisation (Lecture 3)

Question 1

Objective for lecture:

Answer 1

Assess pros and cons of Globalisation (Morally, all cons)

Emphasise importance of CSR in the workplace and CSR issues in the workplace

To introduce CSR initiatives in the community in the context of strategic philanthropy (Ooooooo look at us were being progressive) - Virgin Advert (minority bingo)

To understand the importance of a sustainable approach in respect to environmental issues

Question 2

Arguments ‘FOR’ Globalisation:

Answer 2

• Increased standards of living for everyone (I’m guessing in theory? or over a long period of time because I disagree with this being true)
• Higher Wages for workers worldwide (Technically true but Inflation and the rich/poor divide)
• Economic development of impoverished nations (True, but usually with the incentive of exploitation via cheap labour)

Question 3

Arguments AGAINST Globalisation

Answer 3

• Exploitation of developing nations and workers
• Destruction of the environment
• Human rights violations
• Benefits the wealthy A LOT more than it benefits the poor (makes sense right?)

Question 4

What is globalisation associated with?

Answer 4

‘globalisation is associated with low wages, insecure employment, stateless corporations and striking inequalities’ Carney (2016)

Question 5

The Issues behind Globalisation Summarised

Answer 5

• Sweatshops
• Poor safety conditions
• Child Labour
• Finite Resource Depletion
• Pollution
• Global Warming
• Waste Disposal
• Deforestation
• Acid Rain
• Land Degradation

Question 6

What is the ILO and what do they do?

Answer 6

International Labour Organisation:
•Responsible for drawing up and overseeing international labour standards
•United Nations agency
•Promotes Decent Work for all

Question 7

What is OECD and what do they do?

Answer 7

Organisation for Economic Co-operation and Development:

•Promotes policies to improve economic and social well-being globally

Question 8

Workplace Issues with Globalisation Summarised

Answer 8

Forced Overtime
Child Labour
Outsourcing, Contractors, Auditors
Human Rights Abuses
H and S Issues
Equality and Diversity
Recruitment and motivation
Work Life Balance

Question 9

Things to think about in regards to being a Good Corporate Citizen and Corporate Philanthropy

Answer 9

• Ulterior Motives (Think Emma)
• Who benefits
• The increased use of in kind donations
• Increasingly used for strategic reasons rather than ACTUALLY wanting to do good

Question 10

Ethical or Moral concerns with Corporate Philanthropy

Answer 10

•Linking employee volunteering to human resource strategies •Linking charitable giving to marketing and branding strategies •Establishing cross sector partnerships with community groups in an attempt to build the corporation’s reputation and legitimacy with the public