Identify the ethical and social responsibilities of business operations of multi
ID: 1164311 • Letter: I
Question
Identify the ethical and social responsibilities of business operations of multinational working in a global market. In your discussion, address the specifically the following issues: a- Argue conceptually when multinational firms can be liable for violating human rights in their foreign business operations. b- Explain specifically why firms’ should be held liable when targeting developing countries for low wage employees by providing real time example. Hint: you may cite the experience of Nike and Reebok in Asia and Nestlé’s cocoa planation in West Africa. c- Provide recommendation to future global managers why practicing ethical business practice is vital for business sustainability.
Explanation / Answer
IT IS IMPORTANT FOR Multinational Firms TO HAVE ETHICS AND SOCAIL RESPONSIBILITIES WHEN WORKING IN A PARTICULAR COUNTRY AS:
1. IDENTIFY WITH LAWS OF THE WORKING COUNTRY 2. IDENTIFY WITH THE CULTURE OF THE WORKING COUNTRY. 3. RECOGNIZE DIFFERENT SOCIAL AND ETHICAL PRACTICES WITHIN THE COUNTRY
Multinational Firms ARE LIABLE IF THEY ARE VIOLATING HUMAN RIGHTS AS ETHICALLY IT IS EVERYONES RIGHT TO HAVE TO WORK AND LIVE UNDER CERTAIN DECENT CONDITIONS AND THEREFORE EACH ANDC EVERY MNC MUST RESPECT THAT AND MUST COMPLY WITH AS FIRMS WILL ALWAYS GO TOWARDS COUNTRIES WITH LOW WAGE LIKE NIKE IN INDONESIA WAS PAYING PITTANCE TO THEIR THERE AND WORKING CONDITIONS WERE POOR AND SINCE THE PEOPLE DIDN'T HAVE ANY OTHER WORK THEY WERE WORKING FOR NIKE AND AS FOR THE RECOMMENDATIONS IS THAT WE MUST TREAT OUR WORKERS LIKE PARTNERS AND TAKE CARE OF THEM AS WHEN WE GIVE IMPORTANCE TO WORKER HE OR SHE WILL WORK FROM THE HEART GIVING HIS SOUL AS EMOTIONAL CONNECTIVITY TO THE WORK IS IMPORTANT.