Questions 1 and 2 Essay Example | Topics and Well Written Essays - 750 words

Questions 1 and 2 - Essay ExampleThis includes to the society, regimen, world, and thecommunity(Peter, 1997 p.112). The foremost purpose of the development of a business is not to licenseto these responsibilities but is theresponsibilityto itself making profits. Other aspects of the market and non market components alsohaveeffecton thebusinessand atomic number 18 also in turn affected by the business. Issues much(prenominal) as the population, government regulations, environmentalconservationand social healthresponsibilityare ineffectof this. NGOs are entities created by individuals or groups within thesocietyto deal withcertainissues in thesocietythrough advocating, lobbying, electoral support, legalactionand coalition building. In order to deal with such issues, they may even sometimes correctto public andprivatepolitics. This is for thebusinesstocorrectits issues and consumers toattaintheir rights. Such NGOs act as watch dogs for the external components of business such as the environment and people. Through such ways as discussed above they are able toascertainfor the fulfillment of the responsibilities that the business has. In the conduction of this, it also acts as a barricade on the governments effects on the business environment that in turn affect the people. This is through actions such asharshregulations and taxes. ... This includes such aspects as discussed above on environmental, societal, regulatory and employeeconsideration. This has culminated theadventof altruistic bearing in organizations fearing tainting their image, lobbyism against them and law suits. It can so be concluded that, NGOs do play a particularly crucial role in ensuring adherence to responsibilities by corporations and organizationsthuspositive behavioral actions (Keck, 1998 p.56). 2. Regulation of HRM activities of MNCs via the inlet of Minimum Labor Standards into external agreements on free trade Multinational corporations are currently highly emerged in the economie s of the world. This has brought about the development of super powers, and thissuperiorityover othernations economies has its unfavorable effects. Issues such asemploymentcreation, improved living conditions, and industrialization are some of the benefits of such international trade. On the other hand, there are adverse effects such as thekillingof local anaesthetic industries, social dumping, tax evasions and illegalities within the corporations that may occur (Tarrow, 2005 p.86). As a result of these various effects, it is of the vestige that the human resource management activities of international corporations should be checked through theintroductionof minimum intentness standards into theinternationalfree trade agreements. Through theapplicationof such minimum labor standards, some of the multinational corporations that consider themselves with key investors in theforeigneconomies kept at bay. As, such they lack the opportunity to threatensuch economies with the rights