Management (wider environment) Essay Example | Topics and Well Written Essays - 3000 words

Management (wider environment) - Essay Examplee therefore organism pressurised to consider the wel furtheste of the communities within the environs of their operations bug outicularly among the economically and physically challenged communities as part of their corporate social responsibility (CSR) initiatives. Among the developing countries, TNCs are looked upon as the critical stimulus for growth with far more essential impact than local governments often mired in corruption and mismanagement.The Britannica Concise cyclopaedia defines globalisation as the process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is decorous standardized around the world (Britannica.com, 2009). The Bankingdictionary.com describes it in financial terms as the interdependence of buyers and sellers of financial instruments in financial centres around the world. The Small Business Encyclopedia however gives it a broader meaning, describing it as the process b y which the economies of countries around the world become increasingly integrated over time. This integration occurs as technological advances drive on the trade of goods and services, the flow of capital, and the migration of people across international borders. (Bhagwati, 2004)According to a World Bank definition, embodied Social Responsibility (CSR), is the commitment of businesses to behave ethically and to contribute to sustainable economic phylogeny by working with all relevant stakeholders to improve their lives in ways that are good for business, the sustainable development agenda, and society at large (World Bank, 2001).Marks & Spencer (M&S) is a UK based retailer with 895 stores in over cardinal countries though only a third overseas. Its main product lines include garments, foodstuff, household goods, hospitality, furniture, apparatus, beauty, banking and energy products (Marks & Spencer, 2009). Although it has in recent years virtually stabilized, it had turbulent ti mes in the 1970s to late 1990s when it