The Social Ethics of Multinational Corporations


Book Description

The globalization of business that has been bringing about worldwide economic integration provides a crucial step in the transition process from the 20th century to the new millenium. At the center of globalization, stand the multinational corporations. In corporations, the opportunity now exists to develop a new moral perspective and a new paradigm of global social development. A social ethics for multinational business has been developing for several decades, in part at least, because of an increasingly higherlevel of moral accountability. Multinational corporations have been following a new paradigm of global social development in sharp contrast with the traditional paradigm of maximizing the bottom line. The new paradigm of globalized business emphasizes an ethic of social responsibility and an ethical approach to the management of multinational corporations. [Author's abstract].




Multinational Corporations and Global Justice


Book Description

Multinational Corporations and Global Justice: Human Rights Obligations of a Quasi-Governmental Institution addresses the changing role and responsibilities of large multinational companies in the global political economy. This cross- and inter-disciplinary work makes innovative connections between current debates and streams of thought, bringing together global justice, human rights, and corporate responsibility. Conceiving of corporate social responsibility (CSR) from this unique perspective, author Florian Wettstein takes readers well beyond the limitations of conventional notions, which tend to focus on either beneficence or pure charity. While the call for multinationals' involvement in the solution of global problems has become stronger in recent times, few specifics have been laid down regarding how to hold those institutions accountable in the global arena. This text attempts to work out the normative basis underlying the responsibilities of multinational corporations—thereby filling a crucial void in the literature and marking a milestone in the CSR debate.




Business and its connection to society


Book Description

Academic Paper from the year 2019 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, Kenyatta University, language: English, abstract: The view that businesses exists for the good of the society has come under massive scrutiny in recent years. Argument that as long as businesses act legally and ethically they should not concern themselves with the larger social goals is now being challenged world over (Fernando, 2010). As a result, businesses have been forced to be more conscious of their environment and sustainability of their products and processes. Businesses must now look deep into the possible adverse impacts of their operations in the society and consumers. According to John Browne, to divert anger and suspicions that they have created, businesses must reconnect with the society radically (Grant and Miller, 2018). Looking at the case of many multinational corporations such as Nike, Inc, it is clear that there are numerous ethical and social responsibility concerns that businesses grapple that make them bad members of the society. In this regard, the author examines ethical and social responsibility concerns at Nike and other corporations with an aim of determining the best ways through which a business can connect with the society.




Just Business: Multinational Corporations and Human Rights (Norton Global Ethics Series)


Book Description

"A true master class in the art of making the impossible possible." —Paul Polman One of the most vexing human rights issues of our time has been how to protect the rights of individuals and communities worldwide in an age of globalization and multinational business. Indeed, from Indonesian sweatshops to oil-based violence in Nigeria, the challenges of regulating harmful corporate practices in some of the world’s most difficult regions long seemed insurmountable. Human rights groups and businesses were locked in a stalemate, unable to find common ground. In 2005, the United Nations appointed John Gerard Ruggie to the modest task of clarifying the main issues. Six years later, he had accomplished much more than that. Ruggie had developed his now-famous "Guiding Principles on Business and Human Rights," which provided a road map for ensuring responsible global corporate practices. The principles were unanimously endorsed by the UN and embraced and implemented by other international bodies, businesses, governments, workers’ organizations, and human rights groups, keying a revolution in corporate social responsibility. Just Business tells the powerful story of how these landmark “Ruggie Rules” came to exist. Ruggie demonstrates how, to solve a seemingly unsolvable problem, he had to abandon many widespread and long-held understandings about the relationships between businesses, governments, rights, and law, and develop fresh ways of viewing the issues. He also takes us through the journey of assembling the right type of team, of witnessing the severity of the problem firsthand, and of pressing through the many obstacles such a daunting endeavor faced. Just Business is an illuminating inside look at one of the most important human rights developments of recent times. It is also an invaluable book for anyone wanting to learn how to navigate the tricky processes of global problem-solving and consensus-building and how to tackle big issues with ambition, pragmatism, perseverance, and creativity.




Multinational Corporations In Political Environments: Ethics, Values And Strategies


Book Description

Multinational Corporations in Political Environments advances and tests a theory of why foreign corporations leave host states. Theories of international business have often ignored the complexity of corporate decisions about leaving foreign countries, generally assuming that the economic and competitive reasons that prompt multinational corporations to enter host states also explain their subsequent reasons for leaving. Alternatively, this book proposes a theory of how different stakeholders' values and ethics shape multinationals' strategic leaving behaviors. Tested in South Africa when US multinationals were facing diverse pressures from stockholders, governments and consumers to leave, the research provides a prism to isolate how different stakeholders' actions influenced multinationals' behaviors. Detailed analyses of subsidiary-level archival data over a period of four crucial years revealed that the multinationals engaged in diverse forms of leaving reflecting their involvements, strategies and stakeholders' influences. The research, the first to test which stakeholders' strategies, including boycotts and sanctions, influenced multinationals and which did not, and to identify their effects on multinationals' behaviors, has enormous implications for policy makers, managers and social activists. The book also applies the findings and explores implications for recent stakeholders' attempts at influencing multinationals and governments, such as Nike in Asia and the Burmese government, through sanctions, resolutions and boycotts.




Ethics in International Management


Book Description




Multinational Corporations and the Impact of Public Advocacy on Corporate Strategy


Book Description

Multinational Corporations and the Impact of Public Advocacy on Corporate Strategy: Nestlé and the Infant Formula Controversy presents an in-depth analysis of the infant formula controversy and the resulting international boycott of Nestlé products launched by various social activist groups and church organizations. The actions of those groups culminated in the passage of the first international marketing code under the auspices of the World Health Organization. Based on exhaustive and unique research, the book details the Nestlé case and uses it to analyze a number of other major issues bearing on contemporary business strategy and operations in the national and international arena. Issues addressed include: The rising phenomenon of social activism and its affect on public opinion and public policy; The changing role of churches and other religious groups and their impact on corporate strategy and behavior; The emergence of UN affiliated international bodies, as both arbiters and regulators of market conduct of multinational corporations; The changing dynamics between multinational corporations and host countries; The factors which determine a company's behavior and its ability to adapt to changing societal expectations. £/LIST£ Multinational Corporations and the Impact of Public Advocacy on Corporate Strategy: Nestlé and the Infant Formula Controversy presents a microcosm of business society conflicts being played out in all parts of the world. This scholarly book will be of great interest to academics in the areas of management, business ethics, social conflict, and international regulation. It will also appeal to a broad corporate and government audience and to anyone interested in contemporary world affairs and the increasing globalization of socio-economic conflicts.




The Ethics of International Business


Book Description

The moral point of view.




Ethics and Social Concern, Volume Two


Book Description

[Buy this book now only at the iUniverse.com bookstore.] Ethics and Social Concern gives undergraduate students an overview of key issues in the three major fields of applied ethics: Business, Medicine, and Mass Media/Journalism. Anthony Serafini has collected the most poignant essays and articles by some of the most provocative philosophers and writers within these areas of applied ethics. Among the critical topics covered are: Should AIDS Victims BE Quarantined? Multinational Corporations In Vitro Fertilization and Feminist Ethics Whistleblowing: The Reporters Role Blackmailing Integrity in Journalism Confidential Sources The Profit Motive in Medicine To help students see the common underlying ethical themes across these fields of inquiry, Serafini has written introductions to each section to ferret out the affinities and connections between the articles.




Multicultural Business Ethics and Global Managerial Moral Reasoning


Book Description

Multicultural business ethics is an invisible aspect of business, but understanding it in a global context is crucial for every manager who leads within a multinational organization. This makes Multicultural Business Ethics and Global Managerial Moral Reasoning essential reading for today's multinational business professionals. Dr. Kamal Dean Parhizgar, respected author of Multicultural Behavior and Global Business Environments, and co-author Robert Reza Parhizgar bring you an informative textbook and reference source on ethics and morality in multinational business. The book also includes an instructor's manual with helpful teaching tips and overviews on chapter content, questions, and case studies used in the text. Multicultural Business Ethics and Global Managerial Moral Reasoning explores: --Managerial decision-making processes and ethical relativism --Micro-level approach to moral theories --Macro-level social approaches to ethical theories --The comparison of issues between home and host countries --The paradigm of multicultural ethics and business knowledge management --Moral virtues, ethical values, and corporate stakeholders' convictions --Managerial trust, right, and duties --Ethical issues concerning econo-political ideologies --Major ethical and moral issues concerning Global Social Business Darwinism --The main theories of justice, law, and social contracts between businesses and society