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The social responsibility on MNES Exam Bank Questions and Answers

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The social responsibility on MNES Exam Bank Questions and Answers social responsibility and ethical behavior differences - Answers The difference between the two is a matter of scope and degree. Whereas ethics deals with decisions and interactions mostly on an individual level, decisions ...

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  • October 24, 2024
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  • 2024/2025
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The social responsibility on MNES Exam Bank Questions and Answers

social responsibility and ethical behavior differences - Answers The difference between the two is a
matter of scope and degree.



Whereas ethics deals with decisions and interactions mostly on an individual level,



decisions about social responsibility are broader in scope, tend to be made at a higher level, affect more
people, and reflect a general stance a company or a number of decision makers takes.



Also discussed separately is the topic of sustainability—although it, too, falls under the umbrella of
corporate social responsibility (CSR) and—for more proactive firms—the direction of creating shared
value (CSV).

scr stans for - Answers Social corporate responsibility

Why have criticisms of MNCs lessened in recent years? - Answers due to the decreasing economic
differences among countries,



due to the emergence of developing countries' own multinationals,



due to the greater emphasis on social responsibility by MNCs.

international social responsibility definition - Answers includes the expectation that MNCs concern
themselves with the social and economic effects of their decisions. The issue is how far that concern
should go and what level of planning and control that concern should take.

socially reactive position definition - Answers an anser to extreme views on CSR in which which
companies respond to some degree of currently prevailing social expectations and to the environmental
and social costs of their actions, attempt to view the perspectives of all stakeholders involved when
taking a long-term approach to the firm's ability to continue operations in any location, as discussed
below.

The increased complexity regarding the social responsibility and ethical behavior of firms across borders
is caused - Answers by the additional stakeholders in the firm's activities through operating overseas as
well as the legal and regulatory requirements and expectations prevailing where the firm is operating

, , managers are faced not only with considering stakeholders in the host country but also with weighing
their rights against the rights of their domestic stakeholders. Most managerial decisions will have a
trade-off of the rights of these stakeholders—at least in the short term




decisios can nean higher prices for cusotmers and a loss for owners



+ competitiors might oush us out of business

FDI benefits - Answers foreign investment in China, for example, has driven spectacular growth,
increased wages, and radically lowered the poverty rate.

what CSR means at a basic level definiition - Answers that "corporate activity should be motivated in
part by a concern for the welfare of some non-owners, and by an underlying commitment to basic
principles such as integrity, fairness and respect for persons + long-term competitive benefits derive
from CSR,

exemple of long term attitue to CSR IKEA - Answers . IKEA, the Swedish home retailer with 317 stores
worldwide, gave up its plans to open dozens of stores in India after the Indian government would not lift
limits on for- eign investment in the retail sector. Even so, IKEA plans to double the number of goods it
buys in India and is investing 125 million euro (about $163 million) in social programs to help women
and children in India and elsewhere in South Asia. These investments made IKEA the largest corporate
partner in the world to aid agencies, including UNICEF and Save the Children.9 Subsequently, IKEA
announced in June 2012 that the company had been granted permission to open 25 stores in India
under a policy change that allows some retailers to own 100 percent of their units there.10 It would
seem, from this development, that the company's benevolence did pay off.

Business benefits from CSR - Answers BCLERK

• Improved access to capital

• Secured license to operate

• Revenue increases

• Cost decreases

• Risk reduction

• Increase in brand value

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