Globalisation and Diversity Essay Example | Topics and Well Written Essays - 2750 words

Globalisation and Diversity - Essay ExampleThese are a set of apocalyptic norms that companies can use to do their pedigree. They help companies to adapt to international standards of corporate behavior. By adopting this, companies show their willingness to carry their agate line in an ethical way and become role models for others to follow. Introduction It has been increasingly felt by all that there should be a proper alignment of objectives between the international community and the business community. This need has become stronger by the fact that they have common goals. Some of them are, fighting corruption, taking burster of the environment and issues related to its safety, enabling social inclusion, and building common markets. All these factors have opened up avenues for an extraordinary cooperation and need for transparency between different stakeholders such as business, governments, civil society, labor beat back and the get together Nations. The UN Global stuff i s a very well planned initiative for all those organizations in the world, which are dedicated to align their business operations and strategies with Ten universally evaluate principles. (United Nation, 2011). These principles are take in the areas of human rights, labor, environment and anti- corruption. This initiative is both local as well as global. In fact private and public enterprises can participate in this. There are no obligatory requirements to join this initiative. However once a company joins it, it must endeavor to remain accountable for its operations to its stakeholders. Discussion of question set By aligning the business operations and strategies with ten universally accepted principles, the organizations are indicating their willingness to join it on a voluntary basis. They also agree and believe that business is the make out driver of globalization. With this initiative, they can make sure that they make significant portions to the growth of economies and soc ieties at large (Schreck 2009). Their contribution can be in several areas such as, markets, technology, finance and trading. The social, political and economic opportunities and threats have a significant effect on all the businesses. More and to a greater extent companies are increasingly realizing the need to treat together and collaborate with the all the stakeholders such as, governments, civil society, labor to improve their business volumes and profits. The UN Global Compact has made vital contribution to the development of business in an ethical way (Gjolberg 2004). The environmental principles of the United Nations Global Compact have left a great impact on the organizations. More and more companies have now started realizing the need for focusing on environmental issues and their effect on the industry and individuals (Rasche 2010). The start ten years of the existence of Compact have thrown interesting findings which have been endorsed by scholars, business tycoons, and stalwarts from the civil society as well the staff working in the Global Compact initiative. Their comments understandably indicate the achievements of the Global Compact and the future trends it should follow to sustain the initiative. It also has to meet challenges and oppositions from the traditionalists. Rashce also highlights the changes in the structure of the Compact, role of Global Compact Local Network and the spread of communication on the proficiency of the policy. The story of UN Global Compact is not all successful and its strengths and weaknesses are clearly brought out by Rashce.