The Responsibilities Of Multinational Corporations ( Mncs )

One of the main objectives of any business organization includes making profits and enhancing the economic growth (Davis, 2012). Most businesses aim at discharging their economic and legal responsibilities. It is because for a business to continue as going concern, the business have to obey the law and be profitable. However, being ethically and philanthropically responsible can also affect the businesses apart from economic and legal factors. The responsibilities of multinational corporations (MNCs), instead of small or medium size corporations, will be the main focus of this paper. It is assumed that the MNCs currently have no difficulties in discharging their economic and legal responsibilities. Thus, the MNCs are in a better position to take a step further to discharge other responsibilities like ethical and philanthropic, while those small size businesses may still struggling in meeting the economic and legal responsibilities. As Heal (2004) suggests that MNCs are in a good position to minimize the difference between private and social cost. He argues that MNCs can distribute wealth from well-developed countries to poor-developed countries by paying reasonable wages to workers in poor countries. Also, MNCs have more resources than small businesses. So, MNCs can reduce or compensate for their environmental impacts without affecting their abilities to discharge their economic responsibilities. Therefore, this paper seek s to provide a critical evaluation on whether modernShow MoreRelatedThe Moral Responsibilities of Multinational Corporations (MNCs)1617 Words   |  7 PagesMultinational companies like Caltex have a moral obligation to improve the living conditions of the citizens who live and work in those countries. Their role cannot be limited to increasing shareholder value, while perpetuating and fortifying political regimes that persecute and discriminate a group, or groups of their citizenry. I liken this to reforestation, and the responsibility that governments and corporations have to our planet. A corporation cannot simply make a profit and deplete naturalRead MoreThe Role Of Corporate Social Responsibility On Global Politics1352 Words   |  6 Pagespolicy.† The past century has shown us the atrocious influence of military power on global politics, but now for many states, the sense of fear is derived from economic power. Through increased globalization and interdependence of tra de, multinational corporations (MNC) impact on global politics has undoubtedly strengthened. In the peripheral world, poverty is still prevalent. It not exclusive to the fact that they don’t have the resources to pull themselves out of it, but because of the continuedRead MoreWhat Are the Sources and Limits of Mnc Power1627 Words   |  7 PagesWhat are the sources and limits of MNC power? Multinational Corporations in a Global Economy IR 120 - 201136597 - Catharina Knobloch 1. Introduction As MNCs are getting increasingly important as actors in political bargaining, the purpose of this essay is to provide a (more or less) detailed overview over the sources and limits of the power of multinational corporations (MNCs). In the first section, I am going to lead into this topic by giving some definitions. In addition to that, I amRead MoreMultinational Corporations1110 Words   |  5 PagesEthical Dilemmas for Multinational Enterprise: A Philosophical Overview Part One: Review Question #1 Multinational Corporations have always been and are currently now under harsh criticism. They are mainly condemned for exploiting resources and workers of third world countries, taking jobs away from the US industry, and destroying local cultures. Although there are negatives of multinational corporations, there are also positives. Business done overseas provides jobs for the people of theRead MoreCorporate Social Responsibility And The Employee Stakeholder1160 Words   |  5 Pagesâ€Å"Realism or idealism? Corporate social responsibility and the employee stakeholder in the global fast-food industry† is an academic article written by Tony Royle and published in January 2005 by Blackwell Publishing Ltd. Royle is an internationally recognized professor of International and Comparative Employment Relations with expertise in the area of low-paid service sector employment in multinational corporations (www.bradford.ac.uk). The publisher is a trusted global provider of content -enabledRead MoreRole Of Mncs As A Political Actor1225 Words   |  5 Pageseconomies in the world, 51 are now global corporations, only 49 are countries1.† Furthermore, the united nations’ body estimates that multinationals account for one quarter of the worlds GDP1. While one may not accept GDP as a measure of a nation’s power, it is a prime determinant of its capabilities and limitations as a political actor. The same can be said for MNCs, which have been on the rise since World War II. This discussion focuses on the role of MNCs as a political actor within, between andRead MoreWhy Multinational Corporations Are Beneficial For Developing Countries1530 Words   |  7 PagesIdentify the positive and negative impacts of multinational companies on less developed countries. The appearance of multinational corporations as a global power and the implications of setting up them in less developed countries was strongly supported by the new rules of world which called economic liberalism and globalization. They became a national phenomenon a post-world war II and widespread when the United States enacted the structure of world regulation for political, economic and militaryRead MoreThe Theory And The Maximisation Of Economic Efficiency1595 Words   |  7 Pagesrelationship. Although the nature of multinational corporations (MNCs) as capitalist enterprises makes them a force for progress in terms of maximizing economic efficiency, that same nature is problematic when considering a wider understanding of progress. MNCs’ potential to be a force for progress ultimately depends on the country and industry that is concerned, but it is important to understand – excluding any normative considerations of moral responsibility – that MNCs ar e businesses, and thus seek profitRead MoreMultinational Corporations Vs. Mncs1417 Words   |  6 PagesIntroduction Recent advances in information technology, deregulation, and market liberalization worldwide have resulted in the growth of Multinational Corporations. Multinational Corporations or MNCs are growing both in scale and complexity. Today, a MNC can be present in multiple countries, dealing in multiple markets with different currencies, speaking different languages, and adopting to different cultures as they spread their wings across the world. But with growth, they also have to deal withRead MoreAn Understanding Of Corporate Social Responsibility1343 Words   |  6 Pagesis to establish an understanding of Corporate Social Responsibility (CSR), Sustainability, Ethics and their applied application by a multinational corporation (MNC) like Walmart. This report is based on the case study ‘Walmart: Love, Earth ®Ã¢â‚¬â„¢ which identifies key points which are the criticism faced by the multinational corporation (MNC), business practices that are/were unethical and which ethical theor ies did/ do they violate and why do MNCs like Walmart address their social and environmental impacts

Bill Melinda Gates Case Study Essay - 807 Words

The Bill Melinda Gates Foundation is a foundation that supports other organizations who share its guiding belief that every life has equal value. Located in Seattle, Washington, the Bill Melinda Gates Foundation have an asset trust endowment of 36.2 billion dollars as of September 30, 2012. It supports grantees in all 50 states and 100 countries internationally in areas of global development, global health, United States program, and a smaller charitable support initiative sector. Bill Gates, Melinda Gates, and Warren Buffett give direction to CEO Jeff Raikes and co-chairmen William H. Gates Sr. regarding grant allocation and investments. (Gates Foundation) After reading the Gates Foundation website and the wealth information on†¦show more content†¦McClelland would say that the major need driving Bill and Melinda Gates to work so hard would be their search for power. Bill and Melinda Gates want to be recognized as pioneers doing good work in impoverished countries. Their good intentions give them a means of influencing similar organizations. Clearly with this information in mind Bill and Melinda Gates have a leader motive profile because their acts of philanthropy influence others to follow in their foot steps. Bill and Melinda Gates both have positive attitudes about themselves. They see themselves as philanthropists trying to do the right thing for the world and assist under privileged countries and areas of the United States in creating equality for everyone. This confidence contributes greatly to their success as leaders because confidence is contagious. If they exude confidence then the people they affiliate themselves with will feel that same confidence in their work. In my opinion Bill Gates is ethical in his business at Microsoft. He runs a successful corporation that makes a good profit and uses some of that profit and contributes to charitable organizations. The Microsoft Corporation is socially responsible and a profitable fortune 500 company. Bill Gates hast a postconventional level of moral development in that he motivated by universal principles of right and wrong. He balances his concerns for himself and his company withShow MoreRelatedCase Study Bill and Melinda Gates Leadership2126 Words   |  9 PagesCase summary 1. What do you think Bill and Melinda Gate’s personality traits are for each of the Big Five dimensions? Compare the two. Big Five Dimensions * Surgency: leadership amp; extraversion traits * Agreeableness: traits related to getting along with people * Adjustment: traits related to emotional stability * Conscientiousness: traits related to achievement * Openness to experience: being willing to change and try new things Comparing (Xem cà ¡i bá º £ng trong slide) Read MoreCase Study Bill and Melinda Gates Leadership2118 Words   |  9 PagesCase summary 1. 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Art Review of Artist Cai Guo-Qiang free essay sample

I chose to do my art review on the artist Cai Guo-Qiang, who is a Chinese artist who does most of his art in the form of explosions and large scale projects such as this one, which bring attention to problems in society dealing with violence and terrorism. In his piece titled Inopportune: Stage 1, Guo-Qiang displays 9 identical cars, which are tumbling through the air in different positions, with large lights sticking out, resembling that the car is exploding only to conclude with the car being in tact and in perfect condition following the fall. He makes these works of art in an attempt to resemble a car bomb, which occurs all over the world daily. This piece shows the entire process the vehicle would go through during a bombing, yet brings it into one piece, showing as the artist called it, a â€Å"dream† of a car bomb due to the fact that it never really takes place. We will write a custom essay sample on Art Review of Artist Cai Guo-Qiang or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Guo-Qiang created this to show the process behind a horrific event such as this. He uses the lights to symbolize flame and explosion which brings out the power behind the piece. While he doesn’t condone these bombings he wants the world to see what they are like and in turn bring attention to these problems occurring in our world today. This artwork makes people question things occurring such as this and can give people a better insight on what is happening and what can be done to help put an end to these problems, as Guo-Qiang does with many of his other works of art.

The Puritan Revolution Of 17th-century In America Endorsed An Intimate

The Puritan Revolution of 17th-century in America endorsed an intimate classification of women with domestic life that achieve a wide acceptance throughout the 18th century. Women were thus locked in the "created" domestic sphere while men were busy in the political sphere. However, Anne Hutchinson was a religious dissenter and she challenged the Puritan principle of conformity with religious laws was a symbol of godliness and that the Bible as the sole source of those laws. Nevertheless, Hester was a feminist and she challenged the Puritan belief of women belonging in the "cult of domesticity." Up to this time, Puritan women were very restricted to life at home and therefore judged as inferior to men. For example, in my research I found that women were sent to the colonies as "prospective wives" for the settlers and the women lived in homes with married couples where they would receive suitors if they chose (source 1, 24). This exhibits how women did not come to America for the same reason as men did because the men came here for religious, economical reasons, or more. Nevertheless, women were immigrating to America to be the wives of the settlers; this demonstrates that women were expected to live in the household for the rest of their lives. In addition, in The Scarlet Letter, as Hester is standing on the scaffold in the beginning of the book, "a judge, a general, and the minister of the town; all of whom sat or stood in a balcony of the meeting house, looking down upon the platform of the spectacle without risking the majesty or reverence of rank and office...(55)" This shows how men are looking down at Hester implying that she is inferior. The reason they stand on a balcony is to protect their "majesty or reverence of rank and office" since they think their reputation will be ruined if they are at the same level as women. Hence, women were separated into a different realm from men and they were "known" to be lower than men are. The strict standards of Puritan life were attacked by early feminists who were once Puritan. For instance, Anne Hutchinson believed that people under a "covenant of grace" could commune directly with God. This was an outrage for the Puritans because if people can talk to God directly then there would be no need for religion. Puritanism would fall apart because no one would go to church anymore. Furthermore in the scarlet letter, Hester believed that a time will come when "a new truth would be revealed, in order to establish the whole relation between man and woman on a surer ground of mutual happiness." This depicts that Hester was a feminist throughout the book and realized that women can be independent. Hester states that she imagined herself to be a prophetess because she had been stained with sin but now she is pure and a "new grave" was built. Therefore, the Puritan religion was giving away to the forces of early feminists. The Puritan woman's place in society was in the household. This ideology set the standard for many years. Nevertheless, women such as Hester in the Scarlet Letter and Anne Hutchinson broke free from the "domestic sphere." Bibliography Sources 1. Lukes, Bonnie L. Colonial America: World History Series. San Diego: Lucent Books, 2000. 2. Dudley, William, ed. Puritanism: Opposing viewpoints. San Diego: Greenhaven Press, 1994. 3. Zeichner, Oscar. "Hutchinson, Anne." Grolier Encyclopedia. International ed. 1999.