Week 2: What are the advantages/disadvantages of globalisation?
CSR has been quite effective in improving the world as they make sure that environment is not harmed in any manner (Stone, 2015). This in on account of investment in machines and technology that reduce the carbon footprint. It further gives a chance to company by which there is an increased use of renewable energy in its operations.
Accroding to Papagiannis (2017) the concept has also assisted in finding solutions to global challenges such as education, energy, climate change etc. For example, many companies are making their research and development strong so that green technologies can be invented and brought forth in the market (Hopkins, 2017). This technique is being done as part of CSR initiative which will not only benefit the firm but also the society at large (Kulkarni, 2015).
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Singh (2010) states that the very idea about the CSR activities done by the company will benefit the entire society do not stand true. The activities are just done to build up a good image in front of the people and have nothing to do with improving the world at large. If this was really the case then governments of different nations would not have stressed so much on acting responsibility in the business practices (Jammulamadaka, 2015). Even if executives carrying out CSR wanted to forgo some profits to benefit the society then they will surely lose the jobs and would be replaced by others. This is as the sole aim and top priority of any company is to earn profits (Rahman, 2017).
Advantages (125 words)
Disadvantages (125 words)
Globalisation is quite advantageous as it aids in exchange of products, service offering as well as ideas on a global level that helps to promote positive relations (Rodrik, 2017). It further has a huge potential to bring a reduction in poverty on account of resource sharing and availability of raw materials at low cost. Smith (2017) is further of the view point that the process of globalisation increases understanding of different cultures thereby ensuring that barriers are broken that once kept people divided. Cohen (2018) feels that one of the biggest advantages of globalisation is that there is a reduced chance of war between nations due to presence of good relations between them. The process also causes Competitive pressures on less developed nations by which there is improved governance (Lee, 2014).
The process of globalisation leads to a decrease in environmental integrity as firm from developed nations may take advantage of the weak regulations in less developed countries (Baylis and et.al., 2017). The process has further ben found to cause unemployment in developed nations as firm move there factories in those countries were cheap labor is available (Cleaveland and et.al., 2016). On a health front, it has been found by Potrafke (2015) that globalization has increased the changes by which human, animal and plant based infection and diseases can spread quickly from one to other nation. For example, the trade relations of Europe with Asia as well as Africa have exposed the countries to diseases like small pox, TB and measles (Hay and Marsh, 2016).
Week 3: CSR is effective/ineffective at improving the world?
Effective (125 words)
Ineffective (125 words)
CSR has been quite effective in improving the world as they make sure that environment is not harmed in any manner (Stone, 2015). This in on account of investment in machines and technology that reduce the carbon footprint. It further gives a chance to company by which there is an increased use of renewable energy in its o