BUSN115 Socially Responsible Discussions

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BUSN115 Socially Responsible Discussions
Will there ever be a single set of international rules governing multinational…

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BUSN115 Socially Responsible Discussions

BUSN115 Socially Responsible Discussions

Week 3 All Students Posts 35 Pages

Will there ever be a single set of international rules governing multinational companies? Why? Why not? In what way are United States businesses demanding socially responsible behavior from their international suppliers? Why is this important to discuss? Society is constantly redefining its expectations of business and now holds most enterprises to high behavioral standards. Companies must go beyond “doing well” – simply earning a profit – to “doing good” – living up to their social responsibility.

In a free enterprise system, as we discussed in Week 1, companies that fail to respond to their customers’ needs and demands soon go out of business. Today, customers are increasingly demanding that the companies they buy goods and services from be socially responsible.

Question: What is business’s responsibility to the following?

  1. a) Environment
  2. b) Employees
  3. c) Customers
  4. d) Investors
  5. e) Community

Who will get us started on this discussion

There may be a single set of rules governing international companies as far as manufacturing standards and human rights standards (for employee safety) are concerned, but we are a long way off from this. Political and economic climates vary significantly from country to country. Rules regarding employment and manufacturing practices vary greatly and even the EU and U.S. do not agree on what ingredients are considered safe many times. If such international rules are established, there comes the issue of enforcing it. Many practices for war and torture are outlawed by international law but still occur with few repercussions…