Question

400-500 APA Citations/References

Multinational Management

1. How can you apply sustainability, ethics and corporate responsibility principles in your workplace?
2. How will what you learned from multinational management change the way you work or your future aspirations?

Answer 1

With the advent of globalisation what has happened is that as far as commerce and business is concerned there are no boundaries so there are opportunities every where in all spheres of business . Today to be the most efficient , effective and competent organisation every organisation has to pick the opportunities all across international borders . These opportunities could be in the field of research & development , manufacturing or a market for distributing and selling the finished products of the organisation. A multinational company does business across its domestic boundaries and it will be a good multinational company only when it will exhibit good multinational management on a sustainable basis . It has to incorporate inclusiveness , ethics and good corporate governance & corporate responsibility at all its work places . All modern day good multinational companies do this . Now let's move on to multinational management . Multinational management involves strategising and making management systems in such a manner that maximum international opportunities are taken advantage off and risks and threats are also responded to in the best possible manner.Now from what we have learnt from multinational management is that we have to make the management systems not only simple but also robust so that every body understands them and there is discipline . Secondly we have to make sure that all risks and threats in our business environment are identified and dealt with in the best possible manner . We should identify all opportunities around us and explore how best they can explored . What ever we do we should ensure that same is sustainable and ethics and corporate responsibility are never compromised .

Actually sustainability , ethics and corporate social responsibility goes hand in hand . Since I am from Supply Chain I will choose an example from my field only . I will make sure raw materials are sourced from the original source . What it does is that suppose if I am working for Mars chocolate will be sourced directly from the jungles in Africa where the locals will get an opportunity to cultivate it and sell it at the best price . In products like chocolates the customers gets the best quality if the raw material source is genuine . Now this whole act will be sustainable as a sense of continuity is there as every body gets benefitted here . Ethics are there as there is so much of transparency in the whole process and also organisations corporate social responsibility initiatives are good as a community is getting best prices for their produce on a continual basis .