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The subject of this book is corporate social responsibility CSRa broad term that refers generally to the ethical role of the corporation in society.
Before we define CSR more precisely and before we explore in depth a number of case studies that illustrate aspects of the ethical role of corporations, we first need to understand exactly what corporations are, why they exist, and why they have become so powerful.
Today, the global role of corporations rivals that of national or local governments.
Init was reported that, of the largest economic organizations in the world, 51 were corporations and 49 were countries. InWalmart was the twenty-fifth largest economic organization in the world, putting it ahead of countries.
For people such as corporate executives and shareholders, whose lives depend directly on corporations, it is not surprising that company politics often are considered more relevant than national or local politics.
For devoted fans of iconic brands like Nike, Apple, Mercedes, or Louis Vuitton, the corporation can occupy a psychological niche very much like that of a member of the family. Similarly, those parents might also be loath to part with their cherished products. Dad would not easily say goodbye to his Chevrolet Corvette or Bose stereo, and Mom might not be easily persuaded to part with her Yamaha piano or Rossignol skis.
Let us begin with a brief review of the nature of corporations. Why Do Corporations Exist?
There were no corporations in ancient Egypt, Greece, or Rome; or in imperial China or Japan; or among the precolonial kingdoms of the Zulu or Ashanti. It is true that in some classical and traditional societies there were certain forms of communal and religious organizations that anticipated the organizational capacities of corporations, but strictly speaking, they were not corporations.
Corporations are a relatively modern social innovation, with the first great corporations dating from about Since then, the growth of corporations has been phenomenal. Why has the corporate structure been so successful, profitable, and powerful? Here are a few of the distinguishing characteristics of corporations.
Corporations are Creatures of Law The first point to make about corporations is that they are not informal organizations or assemblies.
In order to exist at all, corporations must be authorized by state or national laws. In their daily operations, corporations are regulated by a specific set of laws.
Every country has laws that stipulate how corporations can be created; how they must be managed; how they are taxed; how their ownership can be bought, sold, or transferred; and how they must treat their employees.
Consequently, most large corporations have large Good Corporation, Bad Corporation Chapter 1 Corporations and their Social Responsibility 3 legal and government affairs departments.
Since the laws and rules that may constrain corporations are written and enforced by the government, most corporations consider it of vital importance to seek influence over governmental regulators and lawmakers.
In most countries, the very largest corporations have privileged access to top decision makers. The extent and reach of corporate influence over governments is one of the most controversial aspects of corporate existence. Corporations Raise Capital for Major Undertakings The first great benefit of corporations is that they provide an organized vehicle for pooling cash and capital from a large number of investors so that they can undertake major enterprises.
Thus, one great stimulus to the growth of corporations was the rapid growth of international trade between and CE. In that era, sending a large vessel across the oceans was a major financial and logistical undertaking, which was also extremely risky; ships were often lost in storms.of their nation’s government, they are not similarly taught to appreciate the functions, to a host of governmental regulations, many of which have social objectives (such as better, report child and domestic abuse, and avoid various forms of criminality and drug.
Presidential candidates debate heatedly over which types of Medicare or Medicaid reforms should be instated and purport to want "universal health care." the role played by guns in committing violent acts, and what must be done in this regard, is a hotly debated topic.
For example, a worker manufacturing shoes for Nike in a Chinese plant. discusses in length about the roles played by the management and supervisory board to maintain a firm control over the global operations of the company.
Issues Appreciate the importance of strong governance practices in a global company; Understand the advantages and dis-. Includes a web connection also been developed relating to the facts and the meaning to your writer?
Can the various readers manage to determine because of the awareness built? During this design, ideals usually are allocated not to ever a commodity, however to be able to some thing immaterial-nature s very own clinical understanding.
International Business Completing in the Global Marketplace 8 Char authorSTREAM Presentation. International Business Completing in the Global Marketplace 8 Char authorSTREAM Presentation Assess the special roles of an international business’s various functions.
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