Controlling MNC's Flashcards
What factors affecting the control of MNC’s?
Political influence
Legal control
Pressure groups
Social media
What are pressure groups?
Pressure groups – external stakeholders
Tend to focus on activities & ethical practice of multinationals or industries with ethical issues
Combination of direct and indirect action can damage the target business or industry
What is consumer action?
Another way in which business ethics can be challenged.
Consumers may take action against:
- Businesses they consider to be unethical in some ways (e.g. animal furs)
- Business acting irresponsibly
- Businesses who use business practices they find unacceptable
Consumer action can also be positive – supporting businesses with a strong ethical stance & record