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Student’s Name
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Multinational Companies and Social Responsibilities
MNCsWorld wide operationCreate maximum operationAdvanced technologyHigh efficiency
Impacts of MNCs on Host Countries
ADVANTAGES:Improving the balance of paymentsProviding employmentSource of tax revenueTechnology transfer Increasing choice National reputation
Impacts of MNCs on Host CountriesDISADVANTAGES
Environmental impact
Access to natural resources
Uncertainty
Increased competition
Crowding out
Influence and political pressure
Transfer pricing
Low-skilled employment
Health and safety
Export of Profits
Cultural and social impact
Social Effects of MNCsConflict preventionCrisis managementPost-conflict reconstruction and reconciliation
Modern MNCSEnsure Their Own Survival. Concentrated On Profits.Self Development.Product Oriented.Emphasize More on business than people.
Responsibilities of MNCs.Good citizens in their host countries as well. Establishing better engineering and science relationships in
local communities. Strategic alliances in business and technological
development
Example:R&D cooperation between Japan and the United States and
further with all nations throughout the world should aim to solve global environmental problems such as acid rain, global warming, and preserving the rain forests, as well as developing a cure for AIDS, an epidemic that continues to grow rapidly on a global scale.
Social Responsibility of MNcs
Pro-active and re-active Social Responsibility
Pro-active organization accepts responsibilities positive association with its interaction
Re-activeorganization has breached the legal requirements
responsibility for its behavior
Socially Responsible MNCsAdidas GroupBallard Power Systems Inc.BCE Inc.BMO Bank of MontrealBMWDell Inc.Honda
Adidas Group
Promotes a fair wage-setting mechanism Best practices in transparencyA comprehensive work-life balance program
Dell Inc.
Smarter packaging plan, Banned the export of any e-wasteEmphasizes on recycling products.
Honda
Climate energy, “Intelligent paint booth”.Natural-gas powered Lowest retail price of any hybrid
Need for Social ResponsibilityInterdependence Of The World’s Socioeconomic
Systems,Moral And Ethical BehaviorAn Integration Of The BusinessGeneralized Code Of Morality And Ethics In
Individual Countries,
References:Adidas Canada Official Website. (n.d.).
Retrieved January 20, 2015, from http://www.adidas.ca/
BCE Bell Canada Enterprises: Canada's Top Communication Company. (n.d.). Retrieved January 20, 2015, from http://www.bce.ca/