Assess the Global Role and Local Impact of Multinational Companies.

Typically, a multinational corporation develops new products in its native country and manufactures them abroad, often in Third World nations, thus gaining trade advantages and economies of labor and materials. Almost all the largest multinational firms are American, Japanese, or West European. Such corporations have had worldwide influence—over other business entities and even over governments, many of which have imposed controls on them. During the last

In Vanguard’s documentary, Sex, Lies, and Cigarettes: Secrets of the Tobacco Industry by director, Alex Simmons, Vanguard sends correspondent, Christof Putzel to Jakarta, Indonesia to investigate the tobacco industry there. The documentary talks about how America no longer allows cigarette and tobacco ads and commercials, instead the country focuses scare tactic ads that stop people from smoking or keeps them from starting. The tobacco industry is losing millions of dollars in America so they’re moving overseas to poorer countries like Indonesia to make their money there. Putzel goes to see what all the tobacco industry is doing and how they’re corrupting the young people like ‘the smoking baby’, Aldi, as well as students of the country.

Issue 1: I do believe that corporations have a responsibility to society as a whole, not only to maximize their own profits and benefit the economy but also to respect the community that they reside in. They achieve this by not only providing employment, but also upholding an image. It is up to

We will look at the Enron Corporation and discuss its application of Corporate Social Responsibility (CSR) or in actuality its irresponsible behavior as related to social responsibility. We will revisit what CSR is and discuss Enron’s philosophy regarding its use and function within the corporation. We will discuss the consequences of Enron’s irresponsible behavior and the far reaching effects it had on society.

Corporate social responsibility is not going to solve the world’s problems. With that being said, corporate social responsibility is a way for companies to benefit themselves while also benefiting society. It allows companies to take small steps to make big differences in areas of need. Some may say that it is a bunch of “greenwashing” – the deceptive use of green marketing that promotes a misleading perception that a company’s policies, practices, products or services are environmentally friendly – but there is a call to action that inspires a company to get involved in the community (Kewalramani, Sobelsohn).

The report will look into the external influences that the chosen organisation (Barclays Bank) are subjected to and the importance of those factors would be briefly discussed. The second part will also discuss the relevance of ethics and corporate social responsibility and it influences its policies. The effectiveness of the response of the company and area of improvement will be discussed.

LEG 500 Assignment 3 - Ethics and Corporate Responsibility in the Workplace and the World

Corporate Social Responsibility - The Group’s approach is to make a positive difference to the people, environment and communities in which it works. As part of this policy it ensures that suppliers adhere to the Global Sourcing Principles. This helps to create the right environment for their workers, including working hours and child labour provisions, and animal welfare principles. There is a continuous process to identify ways to reduce waste and the impact on the environment.

However our concern here is not only about the cigarette as a product but with the ethics of cigarettes as well, that affect the social process of marketing. This is because marketing process makes things worse and is also considered as unethical, and as a result has a significant negative impact on the societal welfare. Multinational tobacco companies apply sophisticated strategies ( such as putting flavor in the cigarettes and placing cigarettes in the shops near the sweets to make them more appealing) and invest huge amounts of money for marketing, in order to establish brand familiarity and future loyalty among young peoplem, to secure profits in the long run. 'The tobacco epidemic is a man-made international health crisis, created and sustained by multinational tobacco corporations.' (Yach, Brinchmann, Bellet page 2).

The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation, access to cheaper labour and resources, similarity of consumer demand around the world, and advances in technology and communication has widened the market of consumption, investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around the world thus as a response many companies decided to expand their operation across national borders in order to be competitive. A company that operates their business in at least one country other than its country is called Multinational

This problem of creating a trendy stylish image of cigarettes are hurting many people by recruiting new young smokers from all around the world, winning over sales due to the false image and then addiction. Third world countries are hurt the most by this unethical way of advertising because they don’t have money for this extra expense that they now need due to addiction. Critics claim that sophisticated promotions in a unsophisticated societies entice people who cannot afford the necessities of life to spend money on luxury- and a dangerous one at that. Every cigarette manufacturer is in the image business, and tobacco companies say their promotional slant is both reasonable and common. They point out that in the Third World a lot of people cannot understand what is written in the ads anyway, so the ads zero in on the more understandable visual image. Due to actions such as this and the negative effect it has on people economically and physically, this is a good example of how the tobacco industry is unethical.

A multinational organization is a company that has branches all over the world. For example, MacDonald is on of the hugest multinational company. There is a long list of Multinational Corporation that would take ages to state but for today I want to talk about one of my favorite shops, which is FOREVER21. Forever21 is today one of the best and largest retail stores, their shops are all over the globe which makes them a multinational corporation. Forever 21 is known for its trendy offerings and its reasonable pricings. The company sells clothing, accessories, and beauty products for women, men, and girls.

Unethical behavior and the irresponsible responses given by businesses operating in international settings generate a backlash of negative publicity, and public outcry from patrons, citizens, interest groups and

Multinational business enterprises have had a big impact on the global economy over the years because of their

Important Note: This sample essay mainly illustrates the structure of your assignment on ethical issues of a company selected by you. You may first identify two or three ethical problems and then discuss how to solve them. Remember including relevant citations to support your evidences and viewpoints.