What do multinational corporations need to balance when making decisions about social responsibilities?

Question

BlackTom AI · Accepted Answer

To approach this question, consider what multinational corporations (MNCs) must juggle when engaging in social responsibility decisions.
Option 1: 'conflicting country beliefs' — While national or regional beliefs can influence CSR priorities, the core balancing task for MNCs spans multiple groups and interests rather than a single country’s beliefs. Focusing only on country beliefs misses the broader stakeholder landscape across borders.
Option 2: 'conflicting legal systems' — Legal environments matter, and compliance is essential, but CSR decision-making goes beyond merely satisfying varying laws. The central tension is not simply legal variation; it is reconciling divergent expectations and needs of various groups affected by the company’s activities.
Option 3: 'conflicting stakeholder interests' — This captures the essence of CSR decisions in multinational contexts. Stakeholders include shareholders, employees, customers, suppliers, communities, and governments. Conflicts can arise between profitability and social impact, long-term value and short-term gains, or between different stakeholder groups’ interests. Managing these tensions is a fundamental driver of responsible corporate behavior on a global scale, aligning with stakeholder theory and the concept of the license to operate.
Option 4: 'conflicting cultural demographics' — Cultural differences do influence CSR approaches and communication strategies, but they are one layer of the broader stakeholder management challenge. The primary balancing act is among stakeholder interests that transcend any single demographic category.
In sum, the major balancing act for MNCs in social responsibility is navigating the competing claims and expectations of diverse stakeholders, rather than focusing solely on beliefs, legal systems, or demographics.

2025SU BSN 100 01 GRADED Quiz: Chapter02

What do multinational corporations need to balance when making decisions about social responsibilities?

View Explanation

Log in for full answers

Similar Questions

Which group of stakeholder’s primary interests include exceptional customer service, high-quality products, and ethical dealings?

Which type of information would be of least interest to employees?

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler