Explore BrainMass

Explore BrainMass

    Holding organizations accountable

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain whether it is appropriate for a multinational organization to be held accountable for more than merely adhering to the law and conducting its operations within international and domestic ethical norms. By considering several theories on social responsibility and describe the limits, if any, of the theory. Also explaining, using the critical thinking approach to legal reasoning, how an organization should balance the interests of various stakeholders.

    © BrainMass Inc. brainmass.com December 15, 2020, 10:12 pm ad1c9bdddf

    Solution Preview

    The attached document is an example of theoretical approaches to global business ethical behavior. The link below provides some additional considerations for legal aspects.

    For further discussion in the industry pressures section, you may wish to discuss how the regulatory and legal influences, such as reduction of emissions or or hazardous chemicals into waterways affects social responsibility and the balance between the responsibility to satisfy shareholders vs. those impacted by the environment.




    A global organization that adheres to international law, abides by regulations of each country it
    conducts business in, and adheres to ethical standards is demonstrating some form of social
    responsibility, in as much as the organization is adhering to guidelines that may affect the social and
    physical well being of communities and nations. However, ethical standards may vary greatly from one
    organization to the next. Simply conducting business openly and honestly may be one organization's
    standard for ethical behavior, while another may extend ethical behavior to consideration for the
    environment and the company's impact on local or regional health and economic welfare.

    The Influence Approach of Impacting Ethical Behavior

    Ethical behavior also means considering the groups of people that may be negatively affected
    When the organization supports a political party or government entity that abuses or takes advantage
    of a disadvantaged group of people. "Good corporate governance at home and abroad, promoting
    economic inclusiveness and community goodwill, are important elements of international security"
    (Bennett, 2002, p.394). When an organization adopts guidelines of transparency in financial activities its
    actions can have a positive impact on other organizations it benefits. Those organizations may then be
    forced to publicly acknowledge financial benefit and show fiscal responsibility. An organization that
    adopts a practice of recycling or insisting on supplies made of recycled materials may force suppliers to
    consider the environment or take their business elsewhere. The message is clear, regardless of how
    business partners may react.

    Corporate Social Responsibility (CSR) means going beyond the legal and ethical norms
    established by the global business community. It involves a continuing mindset of thinking about how business ...

    Solution Summary

    The expert explains whether it is appropriate for a multinational organization to be held accountable for more than merely adhering laws.