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Presented By: Jatin

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Globalization

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Industrialization allowed cheap production of household items using economies of scale whilerapid population growth created sustained demand.

19th century Great Britain become the first globaleconomic superpower , because of superior

manufacturing technology and improved globalcommunications such as steamship sand railroads.

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Institutions including the International Bank forReconstruction and Development (the WorldBank),International Monetary Fund (IMF)and the World

Trade Organization (WTO) laid the foundations of theexplosive growth

Multiple rounds of trade opening simplified and loweredtrade barriers. Initially, the General Agreement on Tariffs andTrade (GATT), led to a series of agreements to remove traderestrictions.

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EconomicBrain drain

Working conditionsBusiness process outsourcingIncome equalityConsumptionFinancial interdependencyDrug and illicit goods trade

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In the business world, ethics is the study of morally appropriate behaviors and decisions,

examining what "should be done

Although the two are linked in most firms,CSR activities are no guarantee of ethicalbehavior

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CSR activities are important to and evenexpected by the public

And they are easily monitored worldwideCSR activities help organizations hire andretain the people they wantCSR activities contribute to businessperformance

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Multinational Companies today have becomeextremely powerful, and are not like any of

the private enterprises that existed, say, twodecades ago;

To put it mildly, the future of humanity is verymuch at their mercy.

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Incorporate values to make it part of anarticulated belief systemAct worldwide on those values

Cause-related marketingCause-based cross sector partnerships

Engage with stakeholders

Primary stakeholdersSecondary stakeholders

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McDonald's: We believe that being a goodcorporate citizen means treating people with

fairness and integrity, sharing our successwith the communities in which we dobusiness, and being a leader on issues that

affect customers

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When they go international, they face newethical challenges.

NIKE Inc.was "founded on a handshake" withimplicit belief that "business with all of ourpartners [would be] based on trust, teamwork,honesty and mutual respect. We expect all of our business partners to operate on the sameprinciples."

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Nike discovered that their overseassubcontractors were not treating workers

with respect, and this suggests that Nike'sview of these principles and what they meantdid not result in desired subcontractorbehavior .

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Transnational Regulations are notoriouslyineffective because there is no one to enforce

them;National Regulations are often not enforcedbecause of widespread corruption in manydeveloping nations;Globally needed regulations are often noteven in place because of short-term behaviorof people in power or because of poverty.

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Bharti Group of Companies to help bridge theeducation divide between urban and ruralIndia by contributing towards the educationsector in a meaningful and substantial way.253 Satya Bharti Schools (including 236primary, 12 elementary and five senior

secondary schools) across six Indian states.Bharti Foundation has received various othernational and international acclaims for itssocial initiatives in the past.

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Thank you