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Globalisation, corporate social responsibility, regulation and enterprise in corporations Free essay! Download now

Home > A Level > Business studies > Globalisation, corporate social responsibility, regulation and enterprise in corporations

Globalisation, corporate social responsibility, regulation and enterprise in corporations

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Downloads to date: N/A | Words: 2323 | Submitted: 31-Mar-2011
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Globalisation, corporate social responsibility, regulation and enterprise in corporations

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During this TMA I have struggled with trying to compare the case studies and relate them to the questions being asked by the TMA. I did try and raise the issues I was having with the TGF which only returned modest feedback. I fear I may have completely gone down the wrong track with my analysis of the material during Block 3. Also having severe issues with my PC having to go away for repair further hindered my progress.

Question 1

From the case studies in Block 3, explain how these have helped you to understand business and management ideas and concepts better?

The core concepts in block 3 of globalisation, corporate social responsibility, regulation and enterprise enjoy varying degrees of priority within the corporations who try to uphold its values.

The case study in the supplementary reading relating to ‘Tanzania and its Textile Industry’ illustrated to me how important and extremely difficult to maintain a balance between corporations who are trading to gain profit and the local people who trade to make and improve their lives. One can’t blame big business for wanting to plunder underdeveloped resources such as Tanzania’s and initially Tanzania were receptive to Urafiki (Tanzania- China Friendship Textile Mill Ltd) and KTM (Karibu Textile Mill Ltd), with pressure from the World Bank and IMF (International Monetary Fund) to lower trade barriers and embrace trade liberalisation all adding to the mixing pot. Tanzania’s state government were quick to regulate the levels of trade with the Tanzania Cotton Marketing Board imposing development levies, despite the tendency to overproduce. The imported second hand clothing industry has only added to the problem. The success of the programme of aid clothing distribution has saturated an already fragile market, with the clothing being cheaper than new [1].

Tanzania’s issues stem from its lack of knowledge of new technologies and how corporations conduct business in the modern age. They appear to be naïve to the ways of the world and this has played into the hands of its trading partnerships. In theory the local government has quite a problem on its hands juggling its responsibility to provide the best opportunities and standards of living, regulating to ensure non-exploitation whilst still encouraging enterprise [2].

Whilst reading through weeks 26 the case study on ‘GAP’ stuck a cord, clearly GAP was trying to be ethical by adopting a strong corporate social responsibility. But I understood the business decisions it had to make to satisfy its shareholders conflicted with this policy. Gap wants to be seen as all things to all people but the pressures to make a buck are too strong for it to ...

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