Impact Of Globalization On The Communities Of Persons And Environments

New Belgium saw social responsibility as part of a continuing process of building value. Social responsibility helps improve the company’s reputation, and establish long-term relationships with customers and other stakeholders.

When an organization partakes in “proactive behavior…for the benefit of society,” it is deemed as socially responsible (P. 155). However, prior to labeling a organization as socially responsible, it is important that we first identify what specific elements of proactive behavior constitute a socially responsible business. To begin, for an organization to be considered socially responsible on the highest level, it must take a proactive approach to doing business. This is defined as “[taking a] approach to social responsibility in which an organization goes beyond industry norms to solve and prevent problems” (P.155). In addition, it is standard for a socially responsible organization to incorporate a larger scope of stakeholders, to include external stakeholders, in their business decisions to create positive externalities, and mitigate negative ones, to benefit society as a whole.

The expectation that businesses behave responsibly and positively contribute to society all while pursuing their economic goals is one that holds firm through all generations. Stakeholders, both market and nonmarket, expect businesses to be socially responsible. Many companies have responded to this by including this growing expectation as part of their overall business operations. There are companies in existence today whose sole purpose is to socially benefit society alongside businesses who simply combine social benefits with their economic goals as their company mission. These changes in societal expectations and thus company purpose we’ve seen in the business community over time often blurs the line of what it means to be socially

The course of action that both Shaw and Middleburg surmise is that they would need to develop internal practices and services that envelop a strategy in which the firm could be held accountable to the stakeholders in meeting organizational financial objectives, and being socially and environmentally responsible. The background and history of these individuals ripped a page out of the AIESEC doctrine that leaned strongly towards being socially responsible practicing sustainability that led to” meeting the needs of the present generation without compromising the ability of the future generations to meet their needs” was a far departure from the common practices of large global organizations but targeted to be the desired state of PwC (Jick & Peiperl, p. 465). With the support from Keith Bell, the duo’s manager, together their zeal and tenacity about spreading the gospel of the “NewCo Values” garnered them an audience with Ian Brindle which led to starting the

Company Q is a small local grocery store chain who has made poor decisions when it comes to social responsibility. Company Q’s business is suffering because the owners’ do not know the heart of running a business, Social responsibility. When opening a business it is not all about the money. Sure it is nice to think about growth and reaping the benefits of a bigger bank account, but the first thing that is important in business is the consumers. Who is buying what you are selling? What will make consumers buy more, comeback, or tell friends? Businesses flourish around consumers. So if it is money you are after, then consumers are who you need and want. So in business in order for Company Q to get what they want and need, they will need to give the consumer what they want and need, social responsibility. Give back, it has always been said “It is better to give than to receive.” After careful review of Company Q's business actions, this company lacks social responsibility in many areas.

A lot of businesses find that a very efficient way to keep their customers is by acting in a socially responsible way.. A company can be socially responsible in a variety of ways such as using resources that won’t hurt the environment or the consumers, and giving a portion of their proceeds to a foundation. An example of a socially responsible company is Burt’s Bees. Burt’s Bees has gone above and beyond to promote socially responsibility not only by providing natural products and assuring customers that no harm was done to the animals involved but by sponsoring and donating to foundations that have the same want for world-wide well being.

With the goal of “not just to be the best in the world, but to be the best for the world,” Benefit Corporations or B Corporations, want to be the change in the world by using business to combat social and environmental problems (B Lab, 2014. “Why B Corps Matter.”) . Designed for profit companies that want to consider their impact on society in addition to making a profit, B Corporations aim to “redefine success in business” (B Lab, 2014. “Why B Corps Matter.”). Whereas a traditional corporation has a goal to generate as much revenue and profit as possible, Benefit Corporations also work to create general public benefit and thus make it their responsibility to satisfy all stakeholders, not just shareholders. Because of their desire to benefit all their stakeholders, B Corporations work to create higher quality jobs and improve life in communities by becoming an agent for of change in passing legislation and investing capital to make a difference in the world. Besides being accountable to all stakeholders, B Corporations are more transparent than that of traditional corporations as they are required to annually issue a report to the public, assessing their overall financial and environmental performance against a quoted threshold known as the B Impact Assessment. In acting socially responsible as a mission rather than an option for businesses, Benefit Corporations are working to transform revolutionize the way business is conducted.

Shared value is a business strategy which focuses on creating overall value while addressing social problems. This concept of management strategy was expressed in the “Creating Shared Value” article by Porter and Kramer. Shared value is not just an aspect of a company’s growth strategy or general business operations. It is well integrated in the way a company operates along with what their goals are as an organization. The value created for a company’s targeted end user also has some sort of social impact which benefits their company purpose. Creating social impact is a company goal and success is measured through creating a shared value network. Porter believes that “The ability to address social issues is integral to profit maximization instead of treated as outside the profit model.” He is addressing that profits are not measured by impact not just monetary gains for the company, we can change our mindset to think of profit in a different way. Profit can be a benefit or some sort of added value. In this approach Porter argues that “Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them.” This relationship is the driving force for a company’s development and future growth, and it goes beyond corporate strategy it also incorporates investments and key stakeholders for each company. Quantifying a monetary figure and amount for social impact may be extremely difficult, however it has progressed with awareness and

This report will discuss the phenomenon of Globalisation in Australia. The report will analyse the social, economic, political and environmental factors of globalisation in Australia. In these factors will discuss the positives and negatives of each impact. Then an overall conclusion will be made about whether Globalisation is a negative or positive in Australia.

Harvard Business School professor Rosabeth Moss Kanter was interviewed by The Boston Globe, and she was asked about the impact on society when companies serve the social good. A company should "use its clout for social good," Kanter explained, and by serving society a company can "enrich and inform its business strategy" (Weisman, 2009). Can a vanguard company make money and serve a social purpose are those goals compatible? Kanter replies to that question by pointing out that IBM and Procter & Gamble are "highly sustainable" and very profitable companies and the "…idea of serving society is embedded in the way they think about innovation" and the way they strategize moving into new markets (Weisman, p. 1).

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

Globalization is defined by Helena Norberg-Hodge, Steven Gorelick, and John Page as, “the deregulation of trade and finance in order to enable businesses and banks to operate globally. And the emergence of a single world market dominated by transnational companies” (The Economics of Happiness). Despite this un-alarming definition, Katherine Cullen believes the truth behind globalization is much more harmful. According to Cullen, globalization is detrimental to our economy, our climate, and our happiness and well-being. She argues that globalization has destructive practices, and due to, “the promotion of market economies and a consumer lifestyle [globalization disconnects] people from the natural world and fundamental connections absolutely necessary for people to be happy” (Cullen). She also notes that corporations, who are promoting globalization to for financial gain, try and push “cruel advertising” (Cullen) in other regions to endorse the American consumerist culture (Cullen). By doing this, corporations are, “deciding what our culture[s] [are] to increase profit” (Cullen). Cullen claims that corporations use other cultures for financial gain by drain those regions of their resources while transporting mass amounts of goods into the United States. This is why Cullen argues that globalization results in the acceleration of climate change. The act of transporting goods to and from the U.S. emits large amounts of greenhouse gasses into the atmosphere (Cullen), resulting in

Globalization is commonly examined by simply dissecting its political and economic consequences. As a result, the effects on culture are often overlooked. According to U.S. Census projections, by 2043 non-Hispanic whites will become a minority consisting of 47 percent of the U.S. population (Barreto, et al 1). Examining the world as a whole, a 2015 study by the United Nations Department of Economic and Social Affairs/Population Division found that between 1950-2000, an average of 2.8 million people per year migrated to North America and Europe. From 2000-2015, that rate accelerated to 4.1 million per year. What is more, this study projects that from 2015-2050, 91 million people are expected to migrate to high-income countries and produce an 82 percent increase in population in destination countries. Clearly, the prospect of steady migration and the continuing effects of globalization are expected to produce more multicultural societies. Unfortunately for many, “foreign” has become synonymous with danger (Rothkopf). The debate between cultural unity and cultural plurality dates back to the Greeks where they questioned universal human goodness and the differences between societies. More than two millennia later, the issue of a common versus diverse human culture remains contentious. This paper argues that a diverse human culture is more desirable than a universal culture because states and societies benefit from promoting and protecting diversity.

The United States prevails as an ever-evolving, unique amalgamation of people, cultures, and influences. Due to the growth of technology use in the world, globalization, the process of interaction and integration among people, is spreading rapidly ("What Is Globalization?”). Historically, people have often identified in a collective way in order to associate with a group, culture, or individual (Miladinovic). However, nowadays, this form of identification cannot be used as people are changing the way with they identify with others, due to the considerable influence of globalization. Though typically used as an economic term, globalization is characterized through a multitude of other factors as well. The onset of globalization has especially influenced culture and identity, most pivotally through industrialization. When smaller cultures are forced to urbanize as a result of globalization, people question modern culture and may even culturally re-evaluate their own culture. As a result, people often abandon their traditional cultures in favor of a conforming to homogeneous mainstream ‘American culture’. In turn with this, psychologically, people impacted by globalization become uncertain of their identity, not knowing which culture to claim: that of their ancestors or that of mainstream American culture. Consequently, people have started to distinguish themselves in a whole new way: through either self-made cultures or through the adoption of a blend of traditional and new

Up to now the literature review has given an insight into the concept of globalization, and the understanding of several academics in the light of how this phenomenon developed over the years. It is then essential to cover what the economic benefits of globalization are, and how these may impact a sector or company. Most of the literature study’s that have been written on the economic benefits of globalization have been after 2006. The reason is because the studies used the globalization index which was created by Dreher (2006) then further developed by Dreher (2008) again. Many of the empirical studies used this index as indicator as a base to form their findings.