In the case study, “Harbin: Moving on from central planning,” I will introduce the history of the city, which is the capital of the Heilongjiang in northeastern of China (McKinsey &Company). The city faces significant challenges, including but not limited to shortage of skilled workers with sufficient training, a government-dominated economic system, and decision-making corruption under the state-owned enterprise system. Furthermore, I will present the unethical and immoral challenges the city faces, such as child labor, unethical marketing practices, severe child labor abuses, water pollution, and lack of corporate social responsibility. I will conclude that, in order for Harbin to move from this struggle to a modern city, there should be a corporate and government social responsibility, the city must adopt environmental sustainability laws and develop a free market not dominated by the government. In addition, there should be a corporate social responsibility and disclosure of information should be mandatory. For example, Corporate has a social responsibility to promote social justice and disclose any information concerning the environment, air quality, water quality, the health and the safety of their employees. In 1999, Harbin made dramatic progress when the central government adopted a market-oriented economy and rebuilt the industrial base in the region (McKinsey &Company, p. 227, 229). For example, in 2002, the city invested $5.3 billion on 34 bridges and 54 new bus
The company would invest $100 million in the technology enhancements and $155 million in marketing during 1998-99 (up from $14 million in 1997). To increase the trade
The baby boom rose to its highest point in the late 50’s, this increasing consumers demand. The economy was also changed by the creation of more public roads. In Document 5, George M. Humphrey talks about new highways and how they will increase expansion. The point of view of this document is from
lowered steel prices and higher production, more buildings were able to be built at a
In the first stage, the construction of new buildings results in new construction jobs. For example, building 100 LIHTC for families leads to creation of 80 construction related jobs and 42 jobs based on the indirect increased spending (Wardrip.) In addition to construction jobs created, these employees encourage the local economy simply through their presence, buying lunch near the job site, getting gas, getting coffee, etc. Local businesses may feel the need to increase their own number of employees to help serve the new customer base, which in turn leads to additional increased spending in the area.
As the highway system made land more accessible, development of these new pieces of land was heavily encouraged. And due to the reliability of travel time for shipments of goods, “just in time” delivery was far more feasible. This reduced the warehouse costs and led to an increase of manufacturing efficiency. The Interstate Highway system not only allowed for quick travel, but expanded the geographical range and options for consumers, which resulted in larger selections and lower consumer prices. This caused an increased retail competition. With companies able to supply their products to much larger geographical areas, and less expensively, the Highway system enhanced inter-regional access and created a genuinely national domestic market. As the Interstate Highway System made more cheap land available, the expansion of residential, industrial and commercial construction exponentially increased. This indirectly led to an expansion of jobs. The highway itself resulted in more jobs as for every $1 billion investment over 40, 000, non-construction jobs, could be made and currently the highway employs close to 150,000 a
With the rapid development of social economy, the public tends to focus on the social responsibility of the company, as well as feedback to the society, rather than pay close attention to how to create interest in the company. Especially, environmental protection and human rights has became the most pressing social phenomenon. Under this
Moreover, Canada should know their environmental responsibilities as companies need space for land and lots of water for dumping waste. This increases risks for injuries to occur as employees enter harsh environments. Workers end up exposed to coal dust and silica for long periods which causes serious health problems. In areas of mining companies exists pollution at an increased rate that makes the soil and water enriched with heavy metals and livestock. Globally, businesses corporate social responsibilities that are essential as they consist of four strategies: the shareholder strategy, the alustric strategy, the reciprocal strategy, and the citizen strategy. The shareholder strategy is where the corporate social responsibility is looking for an overall profit and the same to reach threshold. Secondly, the alustric strategy is where the company declares themselves unaccountable for society and allows for responsibility to fall towards the person leading the firm - the manager. Next, the reciprocal strategy has an individual who looks for the flaws in both economic and social perspectives. Lastly, the citizen strategy is where there is a business analysis that includes individuals who have different expectations and interests for continuing the company’s goals. NGOs also pressure companies to fix remedies to help the victims of the violations.
The aim of this essay will be to examine how social and cultural changes have forced corporations to re-evaluate many of the principles they work upon, it will open up by looking at a few of the major ethical issues that corporations must deal with when serving the needs of the community. The essay will explore the Werribee Residents Against a Toxic Dump (WRATD) case study and highlight some of the key errors CSR made when handling the debate
Petrenko. A. Corporate social responsibility [Power Point Slides]. Retrieved from Lecture Notes Online Web site: https://moodle.yorku.ca/moodle/course/view.php?id=39261
/////////These ideas bring me to my final point that corporate greed may be destroying the dreams of a green and eco-friendly world. “The former Shanghai Communist Party chief and Dongtan’s primary political backer, was sentenced in 2008 to 18 years in prison on corruption charges.” The New York Times. The party chief who at the time was spear heading the operation caused a momentary standstill in the plans. Also a failure to consult the general populous made it seem as though the people had no voice in the ideas of renovating their own city. With money or political standings backing every decision, it appears as though the government had stepped and put their ideas of what is better for the masses. This of course we know not to be true, and their failed attempt at a Utilitarian view demonstrates that the backers of the project were only thinking of themselves and not putting the needs of the people first. Sze brings up a valid point, that as well as the corruption in the government, there is also a contradictory belief that building an eco-city is eco-friendly. When in fact the production of the metals and plastic that it takes to even make an attempt at a self-sustained city might
According the article “EB-5 Regional Center Program” (2014), investments made throughout the Program contributed $3.30 billion to U.S. GDP and provided over 42,000 U.S. jobs. These jobs were created at zero cost to the taxpayers. Some examples of flourishing economic development projects, include: 1) Transformation of a 100 year old building into a hotel that generated over 161 jobs while kick-starting the revitalization of an historic Dallas neighborhood, 2) Expansion of assisted and retirement living communities in Washington State, creating 800 jobs and benefiting approximately 130 seniors, and 3) Redevelopment of a closed Air Force base in Southern California into a essential commercial area including a distribution center and regional airport (EB-5 Regional Center Program,
Business corporations are a dog eat world. Business is made up of many aspects from political, social, and environmental responsibilities to those of ethics and responsibility. Every business and major corporation has to deal with these in a much different way. For example, small business’s need more of the social responsibility in order to have more trade and an increased profit. For the major corporations the focus is on what is going on in politics, social, and environmental due to the economy or the state of their countries.
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
Some business leaders are taking good moral decisions and the reason behind that idea is that the core part of their business strategy is to create mutual benefit for both wider society and business as well. The growing desire of top management is to find out ways to create mutual benefit for both the organizations and the stake holders but the public still believes that companies are greedy entities which make decisions only in their self-interest, even at the cost of greater public welfare. It is the utmost obligation of the companies to discern the social issues while making the decisions (Yashiro, Yoshida and Suzuki, no date; Godwin, 2006; Schwab, 1996; Godwin, 2008; Werhane, 1998; Werhane, 2002; Heath, 2008; Mehalik and Gorman, 2006).
Today I’m going to introduce my favorite city: Harbin. I like it because it has a lot of magic, which can really attract you to travel here.