Coporate Social Resonsibility, Ethics And Sustainability Flashcards
Describe the social responsibility of MNC’s
Meeting and exceeding the legal, ethical expectations of all stakeholders.
What are two of the CSR Dilemmas?
Profits the mncs
Mncs should attend to social needs
What benefits does the business gain from CSR?
Improve access to capital
Get licensing to operate
Improve brand retention, value
Improve employee retention, motivation
Increased revenue and cost and is reduce
How would you deal with confusion about cross cultural dilemmas?
Have a conversation wit stakeholders
Have principles and procedures for addressing difficult situations
What are for the code of morality and ethics in countries?
What is moral universalism
Creating a moral standard that fits all cultures
What are for the code of morality and ethics in countries?
What is moral ethnocentric approach?
Using morality from home country while ignoring host country ethics
What are for the code of morality and ethics in countries?
What is ethical relativism?
Adopting the moral code of the country the firm is operating
What are the ethics for global management
The code of conduct of or morals of mnc in while relating with people and companies
Ethics is a culture based value
What are bribes and corruption
Corruption
- misuse of power
Bribes
- payments or promises to pay cash or anything of value.
What are the steps to ethical decisions?
- Consult law in home and host country
- Consult the international codes for MNE’s
- Consult the companies code and ethics
- Weigh stakeholder rights
- Follow your own conscience
Define sustainability
Meet current needs without compromising the future.
What are the dimensions of sustainability.
Economic
Social
Environmental
Conifer future generation biodiversity
What are the common criticism of mnc
- Mnc maintain key managerial and technical position instead of building country personnel.
- Mnc dont adapt their technology to host country.
- Mnc concentrate on research and development activities.
- Mncs start forgetting operations by buyin existing firms and not developing their own.
- Mncs dominant major industrial sectors which contributes to inflation, by placing a high demand for sacrace resources.
What are some of the benefits and the cost to host countries.
benefit Cost
Access to outside capital Competition for capital
How is interdependence managed ?
What are the risks of interdependence.
Nationalism
Protectionism
Governmentalism
Issues in managing environmental interpendance
Coca Cola in rajasthan
