Globalisation 18.1

Today…. Corporate Social Responsibility

Management Responsibility In a Global Environment The rise of global companies, which are becoming more numerous and influential, can exert enormous pressure on national governments. Some global businesses have abused their market power and engaged in highly questionable business practices. Because of the strength within the market place, these businesses were able to override local government attempts to regulate their behaviour.

Management Responsibility In a Global Environment As businesses become more global in their operations, the managers of many of these organisations recognise the importance and necessity of pursuing global business goals with a consciousness of social and ethical responsibilities. Global businesses that take their social and ethical responsibilities are often ‘rewarded’ with improved business performance.

What is Corporate Social Responsibility? Corporate Social Responsibility (CSR) is when a company achieves sustainable development not only in the economic dimension, but also in the social and environmental dimensions.

Discussion Questions: Discuss whether businesses have a global social corporate responsibility? How can businesses engage in corporate social responsibilities? How can businesses be rewarded if they undertake corporate social responsibilities? Look at some businesses that have engaged in corporate social responsibilities.

Today we covered…. Corporate Social Responsibility