Most large companies nowadays operate multinationally. To what extent multinational companies have responsibility toward local communities in which they operate?
It is true that most big corporations conduct their
businesses
outside the borders of their country. While I agree that companies
should maximise their profits, I would argue that they should have social responsibilities in those areas where they operate their businesses
.
In terms of social perspectives, there are some reasons why companies
should have public responsibilities. Firstly
, if companies
improve their working conditions and have job perks such
as sick leaves and bonuses, they could attract a more educated and skilled workforce. For example
, skilled employees are more flexible, as they can meet the job requirements and switch from one task to another quickly. In addition
, In some countries such
as America or China, some situations must be avoided, including wage starvation, poor working conditions, and child labour. Secondly
, it is the self-interest of companies
. For instance
, through philanthropic actions such
as giving charity donations and providing scholarships, multinational enterprises not only help those who are less fortunate but also
enhance their public image. Thus
, this
can contribute to raising their sales figures.
In terms of environmental perspectives, production processes have resulted in serious environmental problems. Irresponsible behaviours such
as the disposal of chemical waste into rivers and oceans have polluted water resources
and caused resultant soil erosion. Therefore
, companies
should allocate resources
to install waste treatment systems to solve industrial wastes before discharging them into the sea. Another issue is that the overexploitation of natural resources
by these enterprises has caused the depletion of energy resources
in areas where their businesses
are conducted. As local communities are dependent on these natural sources to survive, so big corporations should provide more job opportunities for local people and contribute to improving the quality of life in these regions.
In conclusion, multinational companies
have a moral duty and self-interest in having public responsibilities in countries where they do their businesses
.Submitted by nhatrangthanyeu2013 on
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