In the past and even in present time large companies generally hurt their consumers and workers. The main focus for businesses is to make money off their customers. That could be by using cheap materials to produce products and selling it for more, scamming customers, and not paying workers enough money. Some large companies that have existed in the past include the steel companies, the oil industry, and the railroad industries. Some present-day businesses are technology businesses such as Apple, cable companies, etc.
By the time, people will getting richer, would have more money to care for their families, and then the term homeless will be avoided. It is known that the largest corporations are leaded by some people who also are part of the government, people who play a significant role in the government decision-making, and my recommendation on this would do not allow the same people who work for government to be bosses of the corporations. Also the State should stop them some privileges that they have with other countries, because those are leading to different disagreements between countries. Trying to stop all these points I mentioned would automatically reduce kills that are happening in order to get the position or the mandate of these powerful
Although developing nations have opened their economies to international corporations, these companies still find it hard to access reliable information about customers, especially low-income earners (Khanna and Krishna 67). Multinational firms risk starting subsidiaries in developing countries due to the absence of useful data about consumer trends. The lack of sophisticated market research firms and advertising agencies in developing countries make it impossible for multinational corporations to find databases with consumption patterns, which would allow them to formulate favorable marketing
1.1 – Explain the characteristics of different business markets There are many different types of business markets. Some of them include - • business to business – where one business sells its products/services to another business. • Government/public sector – these can also be local authorities, health care or education, as well as Government agencies. A contract gained in this market can be quite profitable due to these being mainly large organisations. • Industrial market -this is generally companies who conduct business in hard goods such as plant & machinery, vehicles and materials.
Governments of these developed nations are partly to blame for the current circumstances of manipulation and political intrusion faced by developing nations as it was these developed nations that pushed these countries to reform to all for free trade and free flow of international capital. With poor systems of governance and an overwhelming imbalance of power, the current situation should have been foreseen as inevitable and these governments should take responsibility and take action to get these developing nations out of the pits that they have pushed them into. The people of many developed nations are already altering their consumption patterns to support ethical and socially responsible practices of corporations, sometimes even boycotting companies that are deemed to be unethical. This process of consumer social responsibility has been largely supported and advertised by the activities of NGOs. The consumer movement for ethical production practices forces TNCs to alter their behaviour as it is in the best interests of their own profits to act ethically in such cases.
As the practices of the company and a career specialization, the field is primarily normative. The scope and quantity of business ethics reflects the degree to which its business is considered contrary to the social values of non-economic. , For example, today most major corporate sites put pressure on the commitment to promote social values of non-economic under various posts (eg code of ethics, social responsibility). In some cases, companies have to reformulate their core values in the light of considerations of business ethics.
Then this information is disclosed to the shareholders as to know how this firm or company operation is practiced Such as business ethics, product sourcing, energy, efficiency and effectiveness, and finally environmental impact. Some companies provide this report to public as well as to increase their goodwill in public. As in organization if the product is main thing this must be same importance to environmental ethics and their protection. Now this report is increased by same points such as, a set of detailed information, guidelines etc. that must be included in this report.
Customers have the wide choice of goods and services. Due to such facts, people, widen there lists of demands for producers and entrepreneurships. One of the new demands to the business is ethical behavior. Such an ethical behavior involves many factors. According to Charles Hill: “The most common ethical issues in international business involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations” (Hill, 2009).
The social responsibilities of a corporation contribute to the sustainable development of a global village. CSR has also been signified throughout history of Asia. Stakeholders who are affected by the way a business is run have been placing emphasis on how business should be run in order to maintain, or even raise a company’s reputation. For those reasons, it has become essential for scholars to start looking into CSR of businesses that have foundation in Asia. In the initial phase of CSR’s development, scholars focused more exclusively on North America and Europe as the standard form of Corporate Social
Follow by the Genting’s business activities and impact on environmental, society and economy responsibility, and elaborates alternative approaches to problem solving and the attainment of efficiency. LITERATURE REVIEW Swart & Raes, 2007 has depicted that the term sustainability, sustainable development, and sustainable growth have entered into the vocabulary of academics, business people, and policymakers alike as these communities have come to believe that economic growth must considered its ecological and societal impact if it is to be sustained longevity. In 20 years ago, World Commission on Economic Development (WCED) has brought sustainability as one of the key issues into the mainstream of corporate business practice and scholar research’s agenda (Crittenden, et al., 2011; Holleran, 2008). The demonstration of business accountability to society has employed several terms and management approaches (for example, sustainability, sustainable development, triple bottom line, corporate social responsibility (CSR), environmental responsibility, social responsibility, corporate citizenship and green marketing) (Crittenden, et al.,