Term
CHAPTER 2: Managing Interdependence
Social Responsibility and Ethics
|
|
Definition
Debate Corporate Social Responsibility (CSR):
MNC's - Multinational Corporations
MNE's - Multinational Enterprises |
|
|
Term
| International Social Responsibility: |
|
Definition
| The expectation that MNC's concern themselves with the social and economic effects of their decisions. |
|
|
Term
| Global Corporate Culture: |
|
Definition
| An integration of the business environments in which firms currently opperate. |
|
|
Term
|
Definition
| The need for moral standard that is accepted by all cultures. |
|
|
Term
|
Definition
| A company applies the morality used in its own country. |
|
|
Term
|
Definition
| Adapting to local moral code |
|
|
Term
| International Codes of Conduct |
|
Definition
| Provide some constant guidelines for MNE's |
|
|
Term
| Foreign Corrupt Practices Act (FCPA) |
|
Definition
| Prohibits U.S. companies from making illegal payments, gifts, or politcal contributions to foreign government officials to influence business transactions. |
|
|
Term
| Foreign Corrupt Practices Act: |
|
Definition
|
|
Term
| Bench Test for Bribery (Questions) |
|
Definition
1. Is it legal? (Home/Foreign Country)
2. Does it work? (Long Term)
3. Can it be talked about publically? |
|
|
Term
| Is it Bribery? Consult.... |
|
Definition
1. Consult laws of country
2. Consult company code of conduct
3. Consult your superiors/managers
4. Fall back on own moral code. |
|
|
Term
MNC's Risk in Foreign Environment:
(Seizures that can take place in global arena.)
hint: 3 'isms' |
|
Definition
1. Nationalism - pro national goals, anti-foreign influence
2. Protectionism -
Tarrifs -> Taxes
Non-Tarrifs -> Quotas
(WTO constantly working on lowering)
3. Governmentalism - Government uses power to favor national interests.
|
|
|
Term
|
Definition
| Sustaining Natural Resources |
|
|
