Corporate Responsibility in the Global Context
“The Business of Business is Business” is a quote commonly attributed to the work of Milton Friedman, who famously challenged the role of business as anything beyond making profit for the owners of the firm. This of course, created decades of debate, as to what the role of business actually is. Within this course, we trace the origins and evolution of the concept of corporate responsibility to modern day understandings and implications of the term in the current and future global context.
The aim of this course is to enable participants to gain an understanding of how globalisation and the rise of the multinational enterprise influences the concept of corporate responsibility and the drivers for responsible business practice. The course will develop knowledge and skills that will enable participants to:
a) Assess the nature and types of responsibility facing the organisation;
b) Evaluate how the company location and activities can shape the nature and type of CSR activities;
c) Prioritise the key drivers shaping MNE CSR strategies;
d) Understand the role and power of the MNE in shaping CSR and global sustainability agendas both through market and non-market environments.
Attendance: 80% attendance with compulsory attendance for the first session.
Key elements and sessions
3.5 hour workshops each
1. Assessing the role of the modern multinational in society.
2. Government, governance and CSR in the global context.
3. Drivers for CSR: from nice to necessary.
4. CSR in the workplace CSR in the international context.
5. CSR in the market place in the international context.
5. CSR in the community and the international context.
6. CSR and the environment and the international context.
7. CSR an integrated approach: market and non-market strategies.
1. A business brief to an MNE assessing the key drivers for responsible business practices, and the nature of corporate responsibility facing the firm in workplace, marketplace, community and environment. (40%).
2. Map key international, national and local governance frameworks for the MNE with comment on the implication for MNEs market and non-market strategies. (50%).
3. Class participation (10%)