Read the following link: https://www.london.edu/think/why-it-pays-to-be-socially-responsible-in-business

Instructions

Read the following link: https://www.london.edu/think/why-it-pays-to-be-socially-responsible-in-business

Weekly reading: Chapter 5 from this link: https://resources.saylor.org/wwwresources/archived/site/textbooks/Fundamentals%20of%20Global%20Strategy.pdf

  1. Discuss the main topics presented in the video in relationship with your readings this week.
  2. What points of symmetry do you find and what points of conflict might exist within the context of your materials.
  3. What viewpoints do you more closely align with personally, and why?
  4. Outside research may be required to thoroughly answer questions posed.

Answer

WHY IT PAYS TO BE SOCIALLY RESPONSIBLE IN BUSINESS

By: Essayicons.com

Main topics presented in the video concerning readings of the week in chapter 5.

Market size and growth rate of corporations

     Professor Ioannis Ioannou, associate professor of the strategic plan and entrepreneurial, spoke of the rise of responsible companies at London Business School and Wharton’s 11th private equity symposium in May 2018. In the video presented, he said that most global companies are under increasing pressure to be more ecologically responsible, answerable to investors and stakeholders, and operate ethically. They are considered to have a substantial social impact in general by encouraging comprehensive and long-term growth.

Competitive environment

    The video discusses the issue of a competitive environment to readings of the week in chapter 5. This is a portrait of when Professor Ioannis Ioannou says. Uncertain the economic inducements, motivations, organizations, and individuals should be considered, the current company’s big impression is to take an optimistic effect on the social order and the surroundings. Consider a confident impact that a single corporation, such as Unilever can focus on creating a financially viable living. The business’s goods and services are used by around 2b people every day. The ten leading companies in the world bring in more revenue than 180 of the world’s poorest countries combined.

Target market selection

      Based on what I have discovered in the video, few businesses can enter all the markets that are accessible to them. Even the world’s largest companies must choose their needs with deliberate discipline. They should decide the time to enter the market and consider the comparative benefits of indirect and direct entry.

                                The points of symmetry within the context of the materials

    The points of symmetry that exists in the context of the material reading of the week in chapter 5 state that few corporations get into marketplaces that are opened. They should agree when to move in them and consider benefits of a direct company in different areas worldwide. The key to attaining an excellent global advantage is making a universal resource web through associations with dealers, clients, and those competing with them. This closely matches the context in the video, which states that’ consider the optimistic effect that a single business can take by focusing proceeding making a maintainable living the norm. Many businesses have set lofty aims and outcomes in recent years to contribute to creating a more justifiable future.

 Points of conflicts that exist within the context of the materials

   The context in the video states that” Most businesses around the world are under increasing pressure to be more environmentally friendly, more responsible to their shareholders and investors, and to operate an ethical manner. They have an optimistic communal effect in general through creating comprehensive and long-term development. This statement conflicts with the context in material reading of the week in chapter 5, which state that In the expression of poorly planned changes or varying rapidly good economic conditions, successful worldwide corporations frequently suffer significant damages on their overseas projects and rarely have to scale back their external procedures or else even intemperance whole nations are resulting to short-term growth.

                               Viewpoints that I mostly align with

   I align with the viewpoints of symmetry that exist within the context of the materials. This is because both points in the video and the one in chapter 5 in the week reading both talks of companies gaining some traction as a factor in how businesses operate, implement strategies, and create marketing strategies.

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