Globalization And Corporate Citizenship Please Respond To Th

Globalization And Corporate Citizenship Please Respond To The Follo

Globalization and Corporate Citizenship Please respond to the following: From the first e-Activity, select one (1) economic system, and assess the degree to which environmental forces within that economic system in question have helped or hindered globalization efforts of companies operating under that system. Support your response with at least two (2) specific examples that illustrate the impact that such environmental forces have on globalization efforts within your chosen economic system. e-Activity website: From the second e-Activity, use the Stages of Global Corporate Citizenship in Figure 7.1 of the textbook to evaluate the appropriateness of Nestlé’s global sustainability development efforts. Based on your evaluation, determine the stage of global corporate citizenship in which Nestlé best fits. Provide a rationale for your rationale.

Paper For Above instruction

Globalization has become a defining feature of the modern economic landscape, profoundly impacting how companies operate across borders. The environment within an economic system significantly influences these globalization efforts, either facilitating or obstructing international expansion and sustainable development. For this discussion, I will focus on the capitalist economic system, characterized by private ownership and profit-driven enterprise, and analyze how environmental forces within this system impact globalization efforts.

In capitalist economies, environmental forces such as regulatory frameworks, market openness, and technological innovation play pivotal roles. These forces can either foster a conducive environment for globalization or pose substantial barriers. For example, countries like the United States exemplify a capitalist system where relatively liberal regulations, advanced infrastructure, and a robust technological ecosystem have significantly supported the globalization efforts of multinational corporations (MNCs). The U.S. has historically offered a welcoming environment through trade agreements such as NAFTA (now USMCA), which facilitated the cross-border movement of goods and services, thereby expanding the global footprint of many companies.

Conversely, in some capitalist countries, stringent environmental regulations can hinder globalization efforts. For instance, the European Union enforces rigorous environmental standards that may increase operational costs for foreign firms seeking to enter these markets. While these regulations aim to promote sustainability, they can act as barriers for companies trying to expand rapidly into the EU, thereby affecting their globalization strategies negatively. An example is automotive manufacturers that face expensive compliance costs related to emissions standards, which can delay market entry or limit product offerings in EU countries.

Another vital environmental force relates to technological advancements. In capitalist economies with high levels of innovation, such as South Korea or China, technological progress has expedited globalization. These countries have developed infrastructure and digital platforms that enable companies to reach global markets efficiently. For example, China's development of e-commerce platforms like Alibaba has transformed global trade, allowing even small businesses to participate in international markets with relative ease.

Regarding the evaluation of Nestlé’s global sustainability development efforts using the Stages of Global Corporate Citizenship framework (Figure 7.1 in the textbook), Nestlé's initiatives evolve through various stages. Initially, as a corporation, Nestlé operated primarily at the 'Obligation' stage, fulfilling basic legal requirements. Over time, it has progressed into the 'Sustainable Environment' stage by implementing environmentally friendly practices across its supply chain, such as responsible sourcing and reducing carbon emissions.

Currently, Nestlé exhibits characteristics aligned with the 'Transforming' stage, where it actively integrates sustainability into its corporate strategy, engaging stakeholders, and setting ambitious goals for positive global impact. Its efforts, including water stewardship, ethical sourcing, and community development, demonstrate a proactive approach to achieving sustainability goals beyond mere compliance.

Thus, based on this analysis, Nestlé best fits within the 'Transforming' stage of global corporate citizenship. This stage reflects a comprehensive commitment to not only ensuring business sustainability but also contributing positively to societal and environmental objectives, aligning with Nestlé’s strategic initiatives.

References

• Sachs, J. D. (2015). The Age of Sustainable Development. Columbia University Press.
• Porter, M. E., & Kramer, M. R. (2011). Creating Shared Value. Harvard Business Review, 89(1/2), 62-77.
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• Schwab, K. (2021). The Fourth Industrial Revolution. World Economic Forum.
• United Nations. (2015). Transforming Our World: The 2030 Agenda for Sustainable Development.
• World Economic Forum. (2020). Navigating the New Normal through Sustainability.
• Nestlé. (2022). Creating Shared Value Report. Retrieved from https://www.nestle.com/csv
• European Commission. (2020). European Green Deal. Retrieved from https://ec.europa.eu
• OECD. (2018). Corporate Responsibility in a Changing World. OECD Publishing.
• Kim, L., & Mauborgne, R. (2005). Blue Ocean Strategy. Harvard Business School Publishing.