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Sociology for Work Assignment Five - Essay Example

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Sociology of Work Module name: Module no: Submitted to: Submitted by: Submission Date: Public Concerns about Corporate Power: It has aptly been observed that large corporate firms, organizations and even professionals have obtained imperative influence upon the minds and choices of the masses in general because of the wide-ranged consumption of the products or services or both they are manufacturing or rendering for public usage…
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Sociology for Work Assignment Five
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Sociology for Work Assignment Five

Download file to see previous pages... Thus, the public maintains grave reservations regarding the exercise of undue economic and political power on the one hand, and applying the condemnable strategic schemes including unfair downsizing of employees and unjust rise of rates of the commodities on the other. (Hodson & Sullivan 2007:356) The government should take necessary measures for the eradication of monopoly of the organizations for the best interest of the public. Employee Commitment: Companies and firms time and again introduce various welfare policies for the benefit of the employees mostly on the demand made by the employees, against which they look for their commitment and dedication to the organization. However, since interests of employers and employees are contradictory in nature, their relationships are seldom on smooth roads. The employers require exercising of best of energies and capabilities to obtain maximum output; and the employees look for maximum privileges and benefits against the minimum work hours. As a result, both employers and employees seldom remain committed to one another. ...
The Role of Multinational Corporations: Multinational corporations have played formidable role in the growth of business and trade all over the world. Since multinational corporations are risk takers and gather courage to make investment of time, money and resources for manufacturing various high quality products not only for the customers belonging to their indigenous population, but also for the use of the foreigner consumers without hesitating the consequences of the failure of their products. Hence, they not only render valuable services to the global consumers, but also offer multiple high quality commodities against economical rates and discounted prices. Additionally, they also adopt dumping strategy for the overseas consumers in order to introduce their innovative ideas and items at global level. Hence, the multinational companies make tremendous contribution by creating long list of products for the people belonging to divergent religious faiths, ethno-racial groups, regions, sexual orientation and genders without getting afraid of the possible losses they aptly meet with during the course of their international business ventures. New things I Learn: The present study has turned out to be extremely supportive in respect of understanding corporate culture adopted by the companies and organizations particularly the multinational ones. The study has also wide opened new horizons of knowledge and wisdom regarding the dominant role played by these corporations in strengthening the national economies of their countries. Successful US-based multinational corporations have also turned out effective and influential in saving their country from becoming the victim of long term recession. The ability of U.S. multinational companies to stem job losses ...Download file to see next pagesRead More
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