Download file to see previous pages...
We suggest to the Local Network companies that while carrying on their operations they should protect human rights and also focus on environmental sustainability. The report will firstly examine the business practices depicted by the principles of Global Compact suggesting ways to implement them successfully into GE’S operations and how they can overcome the difficulties the company might experience during the implementation of the practices.
The first principal of the Global Compact states that “Businesses should support and respect the protection of internationally proclaimed human rights” (United Nations Global Compact 2010). We agree with this principle and believe it is highly important that we as an organization support and respect human rights not infringe them (United Nations Global Compact 2010). The ninth principle of the Global Compact states that “"undertake initiatives to promote greater environmental responsibility” (United Nation Global Impact 2009).
Let’s discuss both the practices depicted by the Global Compact through these principles moving on to the practices not only adopted by General Electronics but our competitors as well and what was the impact of these applying these principles and their effect on the stake holders.
The first principle lays a lot of focus on the companies to identify their responsibility to respect human rights while conducting their operations. Firstly GC wants its members to deeply study the human rights and then apply them within their operations to prevent discrimination of any sort and then thirdly it asks to analyze their operations to make sure that they are not unconsciously involved in the activities of infringement (United Nations Global Compact 2010).
The Global Compact has also given a lot of guidance material on their website which defines the tools and the practices that
...Download file to see next pagesRead More
………….. ……………. Dear Executive of the Local Network Submission to Local Network Introduction Hyundai Motor Company is the world’s fourth largest automobile manufacturer. According to the previous ranking Environmental Protection Agency of top automobile manufacturers in carbon oxide emissions and fuel efficiency, Hyundai scored highly since we have developed green cars that promote environmental sustainability.1 Hyundai has diversified its services in other areas like infrastructure, healthcare, transportation and education.2 Hyundai Motors has been fulfilling its corporate social responsibility and constantly engages in activities that improve the welfare of the public.
As a company, we recognize the need to accord respect and understand the diverse cultures and individuals in the society. The sustainability in the society will lead to indispensability, which is a supporting ideology in the community. As a company, sustainability is a key value of Corporate Social Responsibility (CSR) thus supporting our aspiration to work with the local community in development of funds for sustenance1.
Its operation is also global and has a dominant presence in “Europe, North America, Asia Pacific, South America, Africa, and Middle East countries2. AS of the financial year December 31, 2011, the company posted a net earnings of E73,497 million ($102,339.1 million which is a substantial 15% increase from the last financial year’s profit in 2010.
Simply put as “save money-live better” Wal-Mart Corporation expects its consumers around the world to save money and live better lives. Wal-Mart Corporation’s mantra of “save money, live better” has made the corporation attractive and favorite in the eyes of some consumers from different countries.
The pros and cons of taking this step have been discussed in the project. A SWOT analysis has been provided to understand feasibility of the situation. The presence of a large population along with a large pool of technical talent has acted as an attractive force for the company.
On one end of the debate, there is a group of supporters who subscribe to the highly Anglo-Saxon ideologies of economics, wherein greater significance is given to the economic / financial aspect of business with little or no regard to the social issues (Godfrey and Hatch, 2007; Nelson, 2004).
So, besides using clear and unambiguous language, the other challenges usually encountered in these kinds of settings are communication styles (whether low-context or high-context), attitudes towards conflicts and their manner of resolution, concepts of urgency and sense of priorities, approaches used to the idea of task completion, decision-making styles, different ways of knowledge acquisition, and the extent of disclosure expected (such as in conflicts, misunderstandings, problems at work, in personal information and even emotions related to work situations).
This thrust towards privatization seems to be relevant in the sense that time and again various private and public studies and reports have stressed upon the inefficiency, corruption and the lack of accountability rampant in the state run facilities. The disturbing question that emerges in this context is that should the sensitive and socially vital institutions like the prisons be exposed to the gross blunt of privatization Should the private corporations be allowed to handle the socially crucial institutions like prisons Pragmatically speaking, private corporations are certainly not the qualified and valid entities to be trusted with the management and administration of law and order relat
This thrust towards privatization seems to be relevant in the sense that time and again various private and public studies and reports have stressed upon the inefficiency, corruption and the lack of accountability rampant in the state run