International Management Essay Example | Topics and Well Written Essays - 1750 words - 4

International Management - Essay ExampleHence, global ethics atomic number 18 expected to cross to be a very crucial concern for almost all MNCs.Woods claims that roughly 60,000 MNCs are doing business all over the world at present but that most of them are in operation(p) in developing countries (Cullen & Parboteeah 126). MNCs have access to massive human, capital, and economic resources, and this access endows influence and authority that restricts the cognitive content of the governments of developing countries to control these multinationals. In certain instances, these governments are not eager to control because they are fetching into consideration the value of foreign investment for their countries (Cullen & Parboteeah 126-7). MNCs are thus being investigated for their capacity to carry kayoed ethical practices when confronted with this kind of power.Besides the possibility of being condemned for unethical practices and sustaining damage in reputation and prejudice of p ublic support, new studies confirm that doing business in an ethical way has numerous advantages for multinationals. An evaluation of antithetic studies by researchers reveals that responsible and ethical multinationals have greater advantages in numerous parts, including predicted future monetary result stock market returns stock market value firm market value and overall financial performance. Ethical MNCs hence experience more favorable financial outcomes (Kaptein 982).Corporate social responsibility (CSR) is a concept that is largely related to corporate/organizational ethics. CSR is defined by Trudel and Cotte (2009) as a termination by the companys management to consider the impact their decisions will have on their customers, employees, suppliers and communities, as well as their shareholders (as cited in Babetti 4). Cedillo-Torres and colleagues (2012) argued that CSR involves several interrelated aspects rooted in societal, ethical, legal, and