MGX3121 Lecture Notes - Lecture 12: Resource Intensity, United Nations General Assembly, Global Citizenship

• School: Monash Caulfield
• Department: Management
• Course: MGX3121
• Professor: Dr Glen Croy

Document Summary

Corporate social responsibility: international businesses have been demonstrated to have dramatic influences in a range of areas. Global companies (agents of globalization) are the front-line targets of critics who blame them for misconduct in a vast array of domains, ranging from global warming, pollution, corruption, and encroachments on human rights, child labour and poor citizenship. Four main categories of social and ethical issues facing global companies: 1970 milton friedman (wrote in new york ti(cid:373)es(cid:895): (cid:858)the so(cid:272)ial respo(cid:374)si(cid:271)ilit(cid:455) of (cid:271)usi(cid:374)ess is to i(cid:374)(cid:272)rease its profits(cid:859). He (cid:272)lai(cid:373)s: only individuals can have responsibilities. It is (cid:374)ot the respo(cid:374)si(cid:271)ilit(cid:455) of (cid:271)usi(cid:374)ess e(cid:454)e(cid:272)uti(cid:448)es to spe(cid:374)d shareholders(cid:859) (cid:373)o(cid:374)e(cid:455) on tasks that are ele(cid:272)ted legislators(cid:859) duties. This extreme line of thinking has been strongly challenged. Today (cid:858)the debate is no longer whether to make substantial commitments to csr but how? (cid:859) Busi(cid:374)ess ethi(cid:272)s: (cid:858)the (cid:272)riti(cid:272)al, stru(cid:272)tured e(cid:454)a(cid:373)i(cid:374)atio(cid:374) of ho(cid:449) people a(cid:374)d i(cid:374)stitutio(cid:374)s should (cid:271)eha(cid:448)e i(cid:374) the (cid:449)orld of (cid:272)o(cid:373)(cid:373)er(cid:272)e(cid:859).