Description
"Social Responsibility and Globalization" Please respond to the following:
- The Internet, social media, and eCommerce are opening the world for global trade. Discuss the importance of using the Triple Bottom Line to ensure socially responsible treatment of today’s global stakeholders. Next, discuss whether or not you believe that there is a need for international oversight and legal action. Explain your position.
- Describe two (2) possible challenges you foresee for domestic companies that want to develop an international growth strategy. Next, discuss two (2) challenges you believe domestic companies will face from global competition. Within your response be sure to speculate on the role that technology will play on global trade. Provide support for your response.
Explanation & Answer
Attached.
Outline
1. Part One
2. Part Two
Running head: SOCIAL RESPONSIBILITY AND GLOBALIZATION
Social Responsibility and Globalization
Name
Institution
1
SOCIAL RESPONSIBILITY AND GLOBALIZATION
2
Part One
The triple bottom line is a way of measuring the performance in a business in terms of
social and environmental goals. Therefore, it can also be referred to as the measure of the
performance of a company in terms of its corporate social responsibility (ACZEL, 2018). In
many instances, consumers will make their purchase decision based on the social reputation of
the company. Hence, it can be used as a form of a competitive edge. This concept can be used to
ensure that the global stakeholders in the age of e-commerce are treated in a manner that is
responsible. For example, take the idea of fair trade. It assists the traders and manufacturers in
the emerging...
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Europe(Continental)