Corporate Social Responsibility is Fundamental to Developing a Global Essay

Corporate Social Responsibility is Fundamental to Developing a Global Reputation - Essay Example The company can build sustainable operations by investing in corporate social responsibility. Therefore investing in corporate social responsibility is fundamental to developing a global reputation. This is demonstrated by multinational corporations such as Johnson & Johnson and Starbucks. They have invested in different programmes of corporate social responsibility and thus have been able to face the recent financial crisis more effectively than competitors. The objective of developing a global reputation cannot be attained unless the multinational corporation is able to offer products and services which promote social and environmental standards. By enforcing social and environmental standards, a multinational corporation invests in corporate social responsibility which leads to a global reputation. Introduction Globalization leads to increased international trade through the reduction of tariffs. Increased international trade creates global companies which can be defined as those companies which possess production/marketing operations in more than one country. One of the key success factors for global companies is corporate social responsibility, defined as taking into account the impacts of business operations on the society and the environment in addition to the traditional measurement of the company’s profits. This creates an operational framework in which global companies have to take local concerns into consideration. By conducting operations in a manner which takes into consideration their social and environmental impacts, a global company is able to build a good reputation globally. The objective of this paper is to explore how corporate social responsibility enables a multinational corporation to develop a global reputation. Analysis of key issues Globalization increases the volume of international trade by reducing the national barriers to trade such as tariffs and subsidies. This leads to the creation of a multinational corporation which can conduct production and marketing operations in more than one international market. An example of globalization is China’s entry into the World Trade Organization enabling western companies to set up operations in the fast growing Chinese economy. However the Chinese market is still regulated by the government and there is a considerable level of regional fragmentation in the government regulations. Therefore it is essential for foreign organizations to develop a good reputation in the Chinese market so as to create a good image in the local communities. This is one of the key success factors given the rising level of competitive rivalry as the Chinese market has been liberalized enabling foreign companies to set up their operations in the fast growing market. As a result companies need to develop programs of corporate social responsibility to develop a competitive advantage by developing a global reputation. Global companies can implement programs of corporate social respons ibility by taking into account the triple bottom line (McConnell & Brue, 2007). First the global company has to take into consideration the costs of managing people when it comes to transferring operations to a foreign market. This focus enables the management to conduct operations in a socially responsible manner so that employee satisfaction is maximized. Second, the company has to take into consideration the environmental costs of global operations. This means that the management takes into account the impact of its operations on the planet. Third, the company takes into account the traditional measurement of profits. Therefore the triple bottom line consists of people, planet and profit, also known as the three P’s. By conducting its global operations according to the triple bottom

Validity, reliability and generalisation in the research process Essay

Validity, reliability and generalisation in the research process - Essay Example In addition, the essay provides recommendations, which include a series of questions that could be incorporated into a questionnaire aimed at finding out why post graduate students choose to study HRM. In management research, validity, reliability and generalisation should be addressed in research with a lot of caution because it is tricky to distinguish them precisely. For instance, validity is defined as the relationship between test results on research with other objectives that the study seeks to achieve or measure (Wainer & Braun, 2013: 40). Therefore, researchers should clearly outline their research objectives. On the other hand, Schensul, LeCompte and Schensul (1999: 271) define reliability as the consistency of research results and the ability of such results to be replicated by other researchers. It is worthy to note that a measure may be reliable, but such a measure’s reliability does not ensure its validity (Rubin & Babbie, 2010: 87). It is imperative that business and management researchers should consider reliability and validity separately. This is because reliability is about consistency while validity is about truthfulness in measures (Jackson, 2013: 90). On the other hand, seeking to ensure reliability in management may distort the purpose of a study. This is because a researcher will design a measurement tool or process that will ensure the results obtained from such a study will be replicated by other researchers. This leads to a researcher’s slight deviation from the original purpose of the study, which may in turn, adversely affect validity. Separately, generalisation may be used in businesses and management research to contribute to theory. Therefore, in consideration of generalisation, management research should be designed so that it is properly conversant with theory to contribute to

Measuring Cancer Cost Behaviour under Prospective Payment System in Essay

Measuring Cancer Cost Behaviour under Prospective Payment System in Clinical Coding - Essay Example Either way, the increased economic disparities and healthcare challenges have necessitated a rational management of financial resources allocated for healthcare service provision. This paper looks at the role of managers in healthcare financing with respect to the functions of the National Healthcare Service. Besides, the paper provides a succinct discussion on the importance of clinical coding in promoting proper channelling of finances for purchasing healthcare services. In particular, this paper examines the role of clinical coding in measuring the cost of cancer care and how such data promotes evidence based decision making for equitable allocation of healthcare resources. According to Berger (2008), healthcare systems are organized in a manned that allows strategic achievement of three specific objectives. The first objective relates to collection of revenue from various sources including government, donors and individuals. The second objective of healthcare system is to enhance pooling of resources from all stakeholders such that the risk of ill health is shared among every member of the pool. Lastly, every healthcare system aims to provide an affordable and accessible platform of purchasing healthcare services that suits the best expectations of individual members of the society. With these objectives in mind, financial management of healthcare resources becomes a central focus at every stage in order to strike a balance between quality services and scarcity of resources as argued by Bodenheimer and Fernandez (2005, p.27). In the hierarchy of the National Healthcare Service, there are several healthcare trusts and public hospitals that work together to deliver health services to clients. Through the NHS, healthcare managers and commissioners are delegated the main duty of ensuring that various service providers deliver quality healthcare within the available financial resources allocated

Cell Structure Essay Example | Topics and Well Written Essays - 500 words

Cell Structure - Essay Example Plant and animal cells each have a true nucleus because they are both eukaryotic organisms. This central membrane-bound compartment is the site of storage for most of the cell's genetic material. Within the nucleus there is a nucleolus which produces ribosomes. Likewise, both plant and animal cells have corresponding organelle structures with identical functions. This includes: rough endoplasmic reticulum, smooth endoplasmic reticulum, peroxisomes, lysosomes, Golgi bodies, secretory vesicles, mitochondria, microtubules and microfilaments, cell membrane, cytosol, and a centrosome. Both plant cells and animal cells have an organelle known as the vacuole, but there are major functional differences between an animal vacuole and a plant vacuole (Cell Models, 2006). In animal cells the vacuole generally has a small size. It is used for storing waste products and serves as an area for digestion. In plant cells the vacuole makes up a much larger percentage of the internal volume. Besides the functions of waste storage and digestion, the plant vacuole has other important roles. Plant vacuoles hold nutrients and water. They help the plant cells to expand during the cellular growth process.

Critical Reading and Rhetorical Modes Assignment

Critical Reading and Rhetorical Modes - Assignment Example All this was because an attempt to express herself through different languages that were seen as "illegitimate." Notably, this is evident in the second excerpt when she explains, â€Å"my tongue keep pushing out the wads of cotton, and pushing back the drills and the long thin needles.† Cause and effect is a mode that analyzes the connection between elements and finds a reason for their relationship. For instance, Chicano Spanish is because of the need for identity, means of communication and secrecy among the people had no known original language considered as the cause of the development of Chicano Spanish. Moreover, the author in trying to categorize the different people with whom she shared different language when communicating with has used modes like classification. For example, with Mexican she will speak standard Mexican Spanish. When in her parents companion, she uses Chicano Texas Spanish; with Arizonans, she will use Chicano Spanish and English for California. Lastly, the author in trying to explain the term â€Å"Anglicism† and â€Å"Pachuco† has used definition. Whereby, the author describes it as distorted English and a language of rebellion because it is against both Spanish and English. The language is made up of slang words from both English and Spanish. For example, churo means sure, Simon means

Subprime Crisis Essay Example | Topics and Well Written Essays - 750 words

Subprime Crisis - Essay Example In layman's terms, they use the supposed income from these mortgages as their collateral in their other investments. The banks were hoping that with the prime rate on the upward trend, they could make considerable gains on the basis of that hypothetical margin of profit. The problem began when the bubble burst and the prime rate skyrocketed so much to the point that the people were no longer capable of paying their mortgages. The financial institutions who were counting their immense profit lines on paper were suddenly left holding the bag, left saddled with numerous foreclosed properties that were both unloadable and prone to depreciation. Haunted by serious liquidity issues arising from this maelstrom, a lot of these lending institutions have been rocked to the very core. Some have even declared bankruptcy, the most notable being former investment powerhouse Bear Stearns, the 5th largest investment house in the nation. In the IMF's recent report, it is illustrated that the global level of aversion from an emerging market, macroeconomic, and credit risk standpoint has increased exponentially from the previous year. This is highly indicative of the ripple effect emanating from the U.S. housing crisis. In addition, the prices of U.S. mortgage-related securities have plummeted from a high of roughly $100 a share in 2006 to less than $20 in 2008, causing billions of dollars in equity losses. With no liquid equity, these institutions are hard pressed to back individual mortgages, which in turn perpetuates the crisis. The cold, hard facts do not paint a rosy picture on the global scale. Average housing market prices have tumbled accordingly, with the United States and United Kingdom embroiled in a rapid downward spiral. The rest of the Europe is holding, but even there the downward trend has already started over the past two years. Just when did the housing boom originate Fueled by a favorable prime rate and the advent of poorly underwritten, predatory loans, commercial mortgage borrowing reached historically high levels in the 2nd quarter of 2005. Over $400 billion worth of loans were underwritten, a good percentage of which has fell into default as of 2008. The effects of these massive defaults are momentous; during the 1st quarter of 2008 estimated losses from defaulted loans have already reached the $130 billion plateau for banks, and roughly $500 billion overall with no relief in sight. Over the next few years losses are expected to reach the $900 billion mark, and banks and financial institutions everywhere are scrambling just to keep their head above their water. While recent Federal Reserve initiatives to bail out financial institutions reeling from the crisis are admirable, its lukewarm reception can be attributed to a prevailing notion that it is just too little, too late. With mounting losses expected in the coming months, we can only hope that the country would survive this catastrophic downturn which has rendered even more losses than the infamous Asian financial crisis of the 90's.With capital markets running dry and a high propensity towards risk aversion, one can only hope that the government and the Federal Reserve will put forth dynamic stimulus programs to bail out this badly

Literature Essay Example | Topics and Well Written Essays - 1250 words - 8

Literature - Essay Example However, reader’s expectations are not confirmed. Chaucer merely uses the features of the genres to communicate the messages of his own, to establish the themes and motives he is going to elaborate in his tales. The general prologue introduces the range of the thematic and stylistic elements developed in the collection. The reader can misunderstand the author’s message, misled by the generic forms represented in the prologue. At first, a reader is likely to concentrate on the gallery of portraits, perceiving them as a satirical representation of different social classes contemporary to Chaucer. Ian Johnston (1998) suggests that it is necessary to distinguish between character and thematic analysis. As a rule, critics focused on the character analysis of the prologue, ignoring the thematic approach, which is the consideration of ideas and leitmotivs and the way how they are ‘presented, modified, challenged and resolved by the end of the work’. From thematic perspective characterization plays a primary role in the presentation of coordinating ideas. However, one is to bear in mind, that, unlike philosophical works, works of fiction do not offer rational arguments (though may contain them to some degree). Thus, it is not right to reduce a work of fiction to some simple ‘moral ’. By this Johnston must mean that interpreting the general prologue as purely a work of satire we are likely to miss an opportunity to understand the real message of the author. First of all, it is necessary to focus on the famous opening lines (1-18). These lines imitate the opening of the thirteenth-century French Romance of the Rose, an allegorical dream vision and love romance which was the ‘best-seller’ of the thirteenth and fourteenth centuries. All the educated readers were familiar with that work, partially translated into English by Chaucer himself. Imitating the opening of the Romance, Chaucer plays with the reader’s expectations, suggests Debora B. Schwartz