Business Environment: CSR and Privatization - Assignment Example

Business Environment Are comparative advantages in factors of production more important than the first mover advantages of history? First mover advantage will remain as long as the product has been introduced in the market by the specific organization under study. However now it is pertinent that the followers amend their offerings in such a manner that the first mover advantage which came to the fore from the competitor’s quarters works to its own advantage. This could be made possible if the weaknesses in the present system are addressed in a proper and adequate manner and when there are no shortcomings experienced by the customers’ angle. Thus from this angle, comparative advantage will remain to attract more and more production undertakings than the first mover advantage could bring with it, in the first place. Thus it is suffice to suggest here that the first mover advantage has little or no affect on the way in which comparative advantages come about in the related scheme of business operations and processes. These comparative advantages could be subtle and look to plug the holes which are present within the present regime of the production undertakings but the first mover advantage could only look to bring about a change which was not envisaged or envisioned by anyone in the particular industry or a set of markets which exist within the pertinent business industry as such. Thus production lines could actually be benefited in a number of different ways if the first mover advantage remains for the production ranks by introducing newer and more up to date technological changes and the comparative advantages come about as a result of the amendments and modifications made by the competing organizations in terms of their products and/or services from time to time. This would indeed benefit the whole ball game of production as well as look to benefit the organizational regimes in the truest form possible. More than anything else, it will aim to fill the void that has been created after the first mover advantage has been made use of and is now a done and dusted proposition. First mover advantage has its own benefits but then again comparative advantage cannot be denied its due right in the contexts of production basis. 3. Compare the advantages and disadvantages of bribery and corporate social responsibility as part of corporate strategies Bribe and corporate social responsibility are two opposite views of the world of business and corporate strategies have to deal with them on a regular basis. Where one marks greed, the other is filled with providing people a chance to express their in-born nature towards providing service to humanity and environment. Bribe is a reward promised or given to a person in order to corrupt his judgment or conduct. Bribery is the crime of offering, giving, or accepting a bribe. Employees and officials are sometimes bribed to grant favors or to permit the violation of organizational undertakings. Other persons who are sometimes offered bribes are voters, witnesses in courts, jury members, labor officials, employees and stakeholders. Thus corruption disrupts the normal flow of an organization and does something totally immoral within the realms of a business undertaking, which is not only disturbing for the commoners but also leaves a bad mark on the social fabric. Corporate social responsibility brings a ray of hope for the corporations since they are taken in positive stead by the different publics and there is positive word of mouth for the organization as a result of the same. People are usually trustworthy of such an organization and its different corporate and business level strategies are judged according to ethical and moral constructs. Thus in the realms of the corporate strategy it is an undeniable fact that bribery must not make the rounds of the corporation and people are generally aware of the immoral practices which could mar the societal and organizational frameworks. Corporate social responsibility has advantages which easily outnumber the negatives since the latter do not seem to be present at any stage whatsoever. What corporate social responsibility aims to do is to bring a humanitarian aspect within the thinking and drafting of the organization’s vision process. It looks to solve the issues which are usually the job of the governmental regimes and thus quest for the public favoring in different business actions and undertakings. This essentially builds a strong and positive connection with the publics and also outlines its need to be a better corporate citizen. Thus bribe should be a definite no-no as concerns an organization and all efforts must be made to strengthen the corporate social responsibility within the relevant business ranks. 4. What criteria would you use to judge the success of the privatization of public services? Since it is the role and responsibility of the government to provide healthcare, housing, pollution free environment, jobs, construction of buildings, parks and bridges, security and other facilities, the role of public services is immense in the modern day epoch. Thus the manner in which these public services are being offered to the different publics is a serious debate in the related circles and it demands a stringent course of action. The criteria which could be judged in such a situation is to go the privatization way as it suits majority of the stakeholders and a large section of the publics that are involved with it. This will make life much easier for all and sundry. What privatization does in the real sense is to put forward the feelings of a private enterprise within a governmental concern, one that belongs only from the public hold. Thus the transfer of ownership is from the public sector down towards the private sector. The public sector belongs solely to the government and it is the private sector which takes care of the business enterprises and organizations that we are most interested in discussing here. Privatization refers to complete transfer or at times partial transfer of property as well as responsibility which used to be held by the governmental authorities in the past, much before privatization actually took place. A transfer of property and responsibility from a private sector organization or firm to one of a public sector institution would be remarked as nationalization of the related property or the responsibility. A number of different public sector organizations and institutions changing into the private entities which could be remarked as a step in the right direction. Privatization is here to stay and it will keep on being successful in the years to come. Privatization brings the operations of a public sector firm under the boundaries of a private enterprise which basically understands its customers and stake holders in a better manner. The role and responsibility of the government is to make sure that the duties and tasks are managed in an easy way. Thus it is essential to understand how exactly could privatization could play a key role at bringing a positive impact on the related public services and what could be done to boost these services on a consistent basis within the future. Bibliography Florida, Richard. Locating Global Advantage: Industry Dynamics in the International Economy. Stanford University Press, 2004 Stewart, David W. Managing Market Structure: Achieving Competitive Advantage and Market Dominance. Journal of Managerial Issues, Vol. 8, 1996 Rudolf, Eric. Corporate Social Responsibility in a Globalizing Market. SAM Advanced Management Journal, Vol. 60, 1995 Bennett, Juliette. Multinational Corporations, Social Responsibility and Conflict. Journal of International Affairs, Vol. 55, 2002 Cowan, L Gray. Privatization in the Developing World. Greenwood Press, 1990 Kosar, Kevin R. Privatization and the Federal Government: An Introduction. Report from the Congressional Research Service, 2006 Word Count: 1,179 Read More