Corporation Behaving in a Socially Responsible & Ethical Way
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We are witnessing a large number of multinational corporations (MNCs) getting involved in philanthropies and local communities? development activities (such as providing financial aid to remove illiteracy and poverty, creating health and safety awareness programs, etc.) in the countries in which they have operations. Discuss the following:
Why are MNCs getting involved in such activities? Are they displaying a sense of social responsibility, or is this merely good business?
Does motivation matter if either way the effort contributes to society? Why or why not?
What is the responsibility of the multinational corporation in the countries in which it has business?
How can your corporation best behave in a socially responsible and ethical way toward the societies it has entered?
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The solution discusses a corporation behaving in a socially responsible and ethical way.
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MULTINATIONAL CORPORATION AND SOCIAL RESPONSIBILITY
Multinational Corporations (MNCs) are getting involved in philanthropies and local communities' development activities (such as providing financial aid to remove illiteracy and poverty, creating health and safety awareness programs, etc.) in the countries in which they have operations.
Why are MNCs getting involved in such activities? Are they displaying a sense of social responsibility, or is this merely good business?
Both.
MNCs are getting involved in such activities as a form of fulfilment of social responsibility that is toward better business performance. Fulfilling social responsibility may mean cost on the part of the company. However, doing such could be a way by which it could maintain a profitable business in the countries where it operates. It must be noted that ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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