1. Describe why social responsibility and policy are key issues in strategic management and how you will integrate them in your recommendations for your CLC group’s company.
2. What global and international considerations should be made when conducting business?
Provide feedback on the following responses:
1. There are an incredibly numerous and diverse set of considerations when conducting international and global business. Certainly there are legal and judicial considerations, including governmental regulations and taxes, as well as financial considerations such as inflation, currency exchange rates, and raw resource costs (David, David, & David, 2020). However, as seen in 2022, there are many other considerations when considering global business. Government and political fortunes are a critical component. The situation in Ukraine reflects the awareness a business leader must have regarding the changing political situation in a country or region. But this is also true recently in places like Ethiopia, Venezuela, and Taiwan. The possibility of war, civil conflict, or other fighting can affect air space, supply chains, availability of raw resources, or manufacturing capacity.
Speaking of supply chains, this is another major factor in global business. The ability to move resources, services, or products between two or more international locations is critical. Understanding whether there are enough cargo ships available, or seeing how the rising cost of fuel is affecting freight delivery charges and air cargo rates is necessary for connecting the dots in manufacturing and sales.
2. Corporate social responsibility (CSR) is a groundbreaking thought, one wherein the corporate area consolidates social and natural worries in its procedures and assumes a more mindful part on the planet. In the event that appropriately comprehended and executed, CSR is a mutually beneficial system that benefits the organization, just as society. CSR shows that you’re a business that checks out more extensive social issues, instead of simply those that sway your net revenues, which will draw in clients who share similar qualities. Thusly, it bodes well to work reasonably. Since Amazon opened up to the world in 1997, the internet business monster has been over and again censured for its absence of responsibility on corporate social obligation part of the business. Besides, Amazon’s first maintainability chief Kara Hartnett Hurst was named uniquely in August 2014 , an unmistakable verification that CSR part of the business has not been given due consideration to for an extensive stretch of time. Right now, Amazon CSR projects and drives incorporate the accompanying:
Amazon Supporting Local Communities
Amazon Educating and Empowering Workers
Employee Health and Safety at Amazon
Amazon and Gender Equality and Minorities
Energy Consumption by Amazon
Water Consumption by Amazon
Waste Reduction and Recycling by Amazon
Carbon Emissions by Amazon
Amazon and Sustainable Sourcing
