...Multi-National Companies (MNC's) have toward human rights ZHOU QING Herzing University The responsibility Multi-National Companies (MNC's) have toward human rights The development of the world economy as a major driving force of globalization multinational companies, in particular, play an active role in the development of the economic development of the host country has been widely recognized by the international community, the role of multinational corporations on the economy to improve the enjoyment of human rights conditions has become the consensus of the people. However, the negative impact of the activities of transnational corporations or work for human rights has often been overlooked. In the 1950s and 1970s, the United Fruit Company and the American Telephone and Telegraph Company, involved in the overthrow of the democratically elected government of Guatemala and Chile scandal was revealed, causing the international community, especially the developing countries concerned about the activities of transnational corporations, and led to the development of countries expand movement multinationals nationalization. In addition, multinational companies are still developing countries, a large scale in grab natural resources, and corrosion of the activities of the government of the nation-state. In order to chase profits in global multinational companies also often in partnership with repressive governments engaged in large-scale violations of human rights activists, or...
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...(http://informationclearinghouse.info/article12998.htm), is a documentary-style film about the ethical behavior of companies. It mainly focuses on American based multinational corporations. While the film has a clear and pervasive bias against corporate culture and behavior, it does raise many disturbing questions. As the views presented in the film are not necessarily outside of the mainstream, corporate entities should endeavor to understand the basis for the accusations, determine if there is any truth to them, formulate ways to change business behavior (if appropriate), and communicate the truth about intentions and actions in a clear and compelling way in the public forum. Section I: Five Principle Ethical Arguments The film argues that multinational corporations continue to act unethically in the following capacities: Human Rights Violations Corporations systemically use child labor. Conditions in depressed geographic areas constitute unsafe work conditions. Wages are intentionally kept at “poverty level” to increase investment and decrease cost. Corrupt authoritarian regimes are backed by multinationals to maintain control of the population for pure profit with wanton disregard to the acts of that regime. Human capital is regarded is expendable, and once the area is used up or wages rise too high, the corporation simply moves on to a cheaper locale. Intentional Environmental Harm Companies intentionally pollute the environment, as it is more cost effective than to engage in...
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...business should be considered more than ever to protect workers rights» Table of Contents Introduction 3 4 The globalisation and its impact on the Labour Globalisation and the new international division of labour in East Asian countries 4 The regulation of the labour market in the world, which are the actors ? 4 6 The regulation issue for the labour market Labour law, and government policies 6 Responsive regulation, a solution to the deregulation policy problems ? 7 Conclusion 8 2 Introduction Globalisation represents a set of elements that have profoundly altered the world economy, the international trade, and the relations between each country. The globalisation has also changed the labour market and work in all countries, creating a "global work" market. The labour market is divided into two parts around the world: the labour force in developed post-industrial economies, which is a very expensive labour and less productive but provided high quality goods and a labour of works from developing countries, which offered low wage rates and few workers rights. In their search for economy and profits, multinationals have become increasingly interested in the potential offered by developing countries in terms of manpower often less expensive than in their countries of origin. Moreover, the deregulation policies pursued in United States during the '80s, have offered to the multinationals more freedom of action and more opportunities around the world...
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...Multinational Recruitment Individuals need to prove their out-of-the-box working techniques in a multinational company. A multinational company operates in two or more countries. It manages production or delivers services internationally. The country that has the headquarters is called the home, while other countries are referred to as the host countries. The rapid expansion of organizations beyond borders has led to the need to pull, recruit, train and then retain employees who can adapt to relocating and can be equally productive in multiple countries Hiring Unit The boom of multinational companies around the globe has brought more employment among an already competitive market. Selection and recruiting is the job of human resources, known as the HR department of the entity. In "Managing Across Cultures: Concepts, Policies and Practices," Mohamed Branine says that the selection and hiring of workers in an organized structure is conducted by the human resources personnel who plan job specifications after completing a job analysis. The employers have to ensure they are employing the right person for the right job. They often pay top bucks for big positions, so they expect the best output from their employees. Requirements The primary recruitment step is describing the job description of that position. HR personnel or department managers devise a list of prerequisites for a person who would be best-suited for a multinational company. At this step, company employees...
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...China 2.1 Chinas retail market at a glance 2.2 Carrefour’s role in China III. Chapter – The purpose of CSR for multinational companies 3.1 The definition of CSR 3.2 The growing importance of CSR in China 3.3 The importance of Human Rights 3.4 Human Rights in China 3.5 Carrefour’s general employment practice standards 3.6 Carrefour Europe vs. Carrefour China 3.7 Conclusion VI. Chapter – Environmental concerns and CSR 4.1 Environment 4.2 Environmental Problems in China 4.3 Carrefour Europe vs. Carrefour China V. Chapter – Food Safety problematic and CSR 5.1 Food Safety 5.2 International Food Standards and Initiatives 5.3 Food Safety in China 5.4 Carrefour Europe vs. Carrefour China Literature Internet - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Executive summary China is one of the countries where globalisation has led to a significant change of the economical as well as the social frameworks. Multinational corporations are expending in a very dynamic way in order to participate in this new market environment. In countries like China, where the jurisdictional framework is not as evolved as in most of the western states, the pace of economical development can exceeds legal regulations. This has increased the expectations from the part of the civil societies that multinational corporations do not only focus on profit...
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...Multinational corporation From Wikipedia, the free encyclopedia A multinational corporation (MNC) or multinational enterprise (MNE)[1] are organizations that own or control production or services facilities in one or more countries other than the home country.[2] For example, when a corporation that is registered in more than one country or that has operations in more than one country may be attributed as MNC. Usually, it is a large corporation which both produces and sells goods or services in various countries.[3] It can also be referred to as an international corporation or "transnational corporation". They play an important role in globalization. Arguably, the first multinational business organization was the Knights Templar, founded in 1120.[4][5][6] After that came the British East India Company in 1600[7] and then the Dutch East India Company, founded March 20, 1602, which would become the largest company in the world for nearly 200 years.[8] Contents [hide] 1 Conflict of laws 2 Transnational corporations 3 Criticism of multinationals 4 See also 5 References 6 External links Conflict of laws[edit] Main article: Conflict of laws Conflict of laws is a set of procedural rules that determines which legal system and which jurisdiction applies to a given dispute. The term conflict of laws itself originates from situations where the ultimate outcome of a legal dispute depended upon which law applied, and the common law court's manner of resolving the conflict...
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...convergence of individually independent market places into an amalgamated market place. Sharing of the sources of production from different geographical locations for levaraging the quality and cost of the goods and services produces is the idea behind the products' globalisation. (Hill, 2009) Many institutions have been formulated to help manage, regulate and police the phenomena of globalization and to promote the establishment of transnational treaties for global trade. A few are as following:: * The World Trade Organization (WTO) * The International Monetary Fund (IMF) * The World Bank * The United Nations (UN) These institutions act on an international level to regulate and tackle any problems that the different countries, companies and individual may face when undergoing...
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...Introduction Multinational Companies (MNC) or Multinational Enterprises are companies which operate in more than one nation state. MNCs have considerable investments in foreign companies and manage these investments actively. The foreign activities distinguish them from national companies. The active role in the management of foreign investments distinguishes them from other organizations, like banks, with foreign investments. MNCs produce for a number of local markets according to local tastes and regulations. The MNC is structured like a federation with one headquarter and many more or less autonomous national divisions. Knowledge about the local situation, gives local managers a powerful say in the running of the MNC. It is, oftentimes, being referred as Global Companies or Transnational Companies. However, there are also differences with these three terms. Global companies produce for the world market. Production takes place where it can be done cheapest. The company is not organized according to country, like a MNC, but according to products. Management is highly centralized. The products are not designed to cater for specific local tastes. The attractive feature of the products of global companies is their price, since the standardized and high volume production methods make it possible to produce cheaply. The product division managers have the power in a global company. On the other hand, a transnational company (TNC) is a business which manages foreign direct investments...
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...An Overview on Multinational Corporations INTRODUCTION Multinational corporations (MNCs) are firms that engage in some form of international business. Their managers conduct international financial management which involves international investing and financing decisions that are intended to maximize the value of the MNC. Management is motivated to achieve a number of goals and objectives, some of which conflict with each other. However, the commonly accepted objective of an MNC is to maximize stockholder wealth on a global basis, as reflected by stock price. Managers of an MNC may make decisions that conflict with the firm’s goal to maximize shareholder wealth. This conflict of goals between firm’s managers and shareholders’ is often referred to as the agency problem. For the firm to achieve its goals, it needs to put in place mechanism for control of agency problem. MNCs are recognized as the main actors of e international business, international business financing and global economies. According to Goshen and Bartlett, MNC is a firm that has substantial direct investment in foreign countries that it actively manages.2 the value of their sales in host countries overpasses the value of trade (imports and exports) in today’s World economy. Multinational companies attracted scientific and public attention from the moment of their appearance, and especially from the beginning of their intensive growth (during the 1960s). There are many interesting and important issues...
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...Running Head: ETHICS: POLLUTION AND MULTINATIONAL CORPORATIONS Ethics: Pollution and Multinational Corporations HRL ETHICS: POLLUTION AND MULTINATIONAL CORPORATIONS 2 Pollution is a broad term. It encompasses far more than just chemicals affecting our environment. Pollution is defined by The Merriam Webster dictionary as “the introduction of contaminants into the natural environment that cause adverse change. Pollution can take the form of chemical substances or energy such as noise, heat or light.” There are many types of pollution including, but not limited to, air pollution from man-made and naturally occurring contaminants, water pollution, noise pollution, light pollution, soil contamination, thermal pollution, as from commercial cooling systems or nuclear power plants, visual pollution from man-made structures like radio towers and billboards, and electromagnetic pollution such as radio frequency interference produced by man-made appliances. There is pollution we can control and pollution that we cannot control. Each type of pollution may have its own set of ethics which, of course, must relate back to the subject of a previous assignment relating to the ethics and culture of the civilization that one is existing in. For example, there are cultures that use incense for religious and entertainment purposes. They would not consider fumes and chemicals...
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...a negative impact on stakeholders and societies; and how upholding CSR values is beneficial for the society at large besides being beneficial from business standpoint as well. Globalisation has increased corporate power which is pervasive on a world wide scale and any abuses of this power has reverberating effects across the globe, an example being Lehman Brother’s management and the company’s auditors E&Y (Hamilton and Webster, 2012, p. 311) who played their role in the fall of banking system leading to global financial crisis. In this case, E&Y as an auditor was not ethical about its business leading to severe losses to the public. Large businesses have many times been accused of not being ethical and socially responsible as human...
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...01/31/2014 Globalization and HRM Strategies Walmart-Multinational Enterprise Introduction Multinational enterprises must always consider several subjects. In addition, to the background and goals of the company, other factors such as the international business strategy, and the impact of globalization, cultures, and labor markets on human resource management function must also be addressed. There are also international human resource management functions that can be improved upon to better the productivity and competiveness of the multinational enterprise. The multinational enterprise that I have chosen to research and examine is Wal-Mart. A brief description of the enterprise Wal-Mart is considered to be the world’s third largest public corporation. It is family owned by the Walton family. Founded by Sam Walton in 1962, it is headquartered in Bentonville, Arkansas. In the 1980s, Wal-Mart continued to grow rapidly and by its twenty-fifth anniversary, there were over a thousand stores. In 2005, Wal-Mart had over six thousand stores around the world and employed over one million associates. As, the largest grocery retailer, Wal-Mart has over eight thousand stores in fifteen names under fifty-five different names. Wal-Mart is currently estimated to save families over two thousand dollars per year within the United States. Assess the impact of globalization, cultures, and labor markets on the human resource management function Wal-Mart comprises over four...
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...CORPORATE LEADERSHIP COUNCIL® DECEMBER 2005 www.corporateleadershipcouncil.com LITERATURE KEY FINDINGS Developing Asian Leaders Finding 1: Many Western companies believe they will gain competitive advantage by developing senior Asian leaders due to decreased staffing costs and better navigation of local culture compared to that of expatriates. That said, significant challenges exist for developing local talent, such as a lack of formal extensive education, Western management skills, and language skills. Advantages of Developing Asian Leaders Asian Trend: Sourcing Locally A Hudson Recruitment survey of 500 multinational companies indicates that 87% of companies do not plan to bring in new expatriate employees in the near future. This strategy is expected to avoid the increasing salary costs and lack of local market knowledge common 2 among expatriate new hires. Trend: Developing talent locally—According to a Deloitte Touche Tomatsu study (n=680), local employees will significantly outweigh expatriate talent in senior management positions in China in the coming years. Leaders at multinational firms expect expatriates to only hold 26% of senior positions that they currently hold. Therefore, to compete with other companies in the future, companies should invest now 1 in developing their local leaders. 2 Expatriates are expensive—The primary driver behind localization of the senior leadership in China is cost savings. Costs of expatriates include...
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...The role of human resources management (HRM) is changing in business, especially in international business. Before considered a support function, HRM is now becoming a strategic partner in helping a global company achieve its goals. As Helen Bloom wrote in a recent article in Strategy and Business magazine, the strategic approach to HRM—strategic human resources management (SHRM)An organizational approach to human resources management (HRM) with a concern for the effects of HRM practices on firm performance.—means going beyond administrative tasks such as payroll processing. Instead, managers need to think more broadly and deeply about how employees will contribute to the company’s success. SHRM is not just a function of the human resources (HR) department—all managers and executives need to be involved because the role of people is so vital to a company’s competitive advantage. The most successful organizations manage HR as a strategic asset and measure HR performance in terms of its strategic impact. When each piece is in the right place, it creates a high-performance work system (HPWS)A set of management practices that attempts to create an environment within an organization in which the employee has greater involvement and responsibility.—a set of management practices that attempt to create an environment within an organization in which the employee has greater involvement and responsibility. The following are some questions that HRM should be prepared to answer in this...
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...Table of Contents Introduction 2 Differences between Domestic and International Human Resource Management 2 What is Expatriate 4 IHRM has three dimensions 4 International assignments create expatriates 5 Increasing Importance of International Human Resource Management 6 Significance of International Human Resource Management 9 Conclusion 11 Reference……. 12 Introduction As we enter the new millennium, more and more companies are recognizing the importance of managing their human resources as effectively as possible. They are also recognizing that doing so, however, cannot be done without recognition and incorporation of the global context. It is virtually impossible to read a business periodical or newspaper anywhere in the world without seeing stories detailing the success of a company due to how effectively it manages its people. As the environment becomes more global, managing people also becomes more challenging, more unpredictable and uncertain and more subject to rapid change and surprise. Thus what we are witnessing within human resource management (HRM) is the rapid appreciation for and development of all aspects of global and international activities and issues associated with and affected by HRM. And because the importance of managing people effectively in the global context is so great, many companies are devoting a great deal more time, attention, skill, and effort into doing it well. To be successful, many firms have to compete...
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