A multinational company should not reduce their ethical standards to compete internationally. The basic issue in this question deals with the Foreign Corrupt Practices Act (FCPA). Many companies use various forms of bribery in different countries, which act as payments to secure contracts or to confirm deals. The ...
Should a Multinational Corporation (MNC) reduce its ethical standards to compete internationally?
Multinational Corporations (MNC) & Facing Challenges
Consider the 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?
Consider the countries mentioned in your assignments. How can your corporation best behave in a socially responsible and ethical way toward the specific societies it has entered?View Full Posting Details