Post by account_disabled on Mar 9, 2024 14:40:27 GMT 10
Local Social Responsibility Strategies in a global context: Multinational Companies in Latin America Summary The social and environmental responsibility strategies of multinational companies must find a balance between the interests of the company and those of its interested parties (stakeholders) in two areas: global and local, for each country in which they operate. To achieve this balance, they must take into account the realities of these markets, including the institutional scheme, make their values compatible with those of the societies in which they operate, consider the needs and expectations of the population towards the private sector that, in the case of foreign companies, and large, are usually more demanding than for national companies. Different expectations may include different priorities in each country from the company's point of view. Likewise, the strategy must consider the perceptions, wrong or not, that the interested parties have of the company and the country of origin as well as other companies in that same country. For companies operating in developing countries, and we use Latin America as an example, responsibilities may go beyond those they have traditionally had in their home countries.
On many occasions, companies have to Phone Number List confront government failures in order to promote their own interests and be able to operate. In this broad context, the company must make prioritization and compatibility decisions in its social and environmental responsibility strategies. This article presents a conceptual model with practical application and discusses the necessary considerations to prepare the local strategy of a global company. It also presents a discussion of the limits of corporate responsibility in developing countries. To see the magazine click here. And to go directly to the article, click here. Antonio Vives With a Ph.D. in Financial Markets from Carnegie Mellon University and with a career as a professor at 4 business schools, Antonio Vives is currently a professor and consultant at Stanford University. Principal Partner of Cumpetere . Former Sustainable Development Manager of the Inter-American Development Bank. It is another item that we consume a lot, although it may not seem like it. Each one only sees their “small” consumption and not the aggregate, which is tons… Rafael: It's true, the other day I looked at the purchases we make and I was amazed. We have some printers and copiers on both sides, but there are not many. I have seen that some young people reuse the paper, for documents of little importance, by putting it back in the printer. But again, replacing equipment costs money. Lorenzo: But at least you can improve the equipment when it is due for renewal, changing it for equipment that is more efficient in its consumption of electricity, paper and ink. Rafael: We do it, but it's slow. I will review the replacement program from that point of view.
Lorenzo: And while you're at it, why don't you look at paper consumption in toilets? Maybe you can replace paper with electric hand dryers. They are more hygienic. These are small things but they can add up, both in money and in personal satisfaction. By the way, much of the paper we use could be recycled or made with paper from certified sustainable forests. Rafael: In toilets yes, but in photocopiers and printers, we must be careful since sometimes they get jammed with recycled paper. Clara: I have an idea! I believe that we can take advantage of the good wishes and energies of young people in the company to carry out a campaign of identifying opportunities, of conservation, disseminating possibilities, stimulating changes in behavior. You could put together a small group of “sustainability promoters.” Lorenzo: Excellent idea. What do you think Rafael? Raphael: Okay. Also discuss it with Pilar and make it seem like something spontaneous from you, I think that this way it will have greater acceptance than if it is perceived as an imposition from management. Lorenzo: And now, if you have time, let's talk about the topic of human resources. Rafael: More things?! I am sure you know the great efforts we have made in this crisis. We reduced working hours, but we didn't fire anyone. Some took vacations, others took advantage of the special leaves we gave to study or attend to family problems. Anyway, we were very careful. We are very important in the community and I think the community recognizes our efforts.
On many occasions, companies have to Phone Number List confront government failures in order to promote their own interests and be able to operate. In this broad context, the company must make prioritization and compatibility decisions in its social and environmental responsibility strategies. This article presents a conceptual model with practical application and discusses the necessary considerations to prepare the local strategy of a global company. It also presents a discussion of the limits of corporate responsibility in developing countries. To see the magazine click here. And to go directly to the article, click here. Antonio Vives With a Ph.D. in Financial Markets from Carnegie Mellon University and with a career as a professor at 4 business schools, Antonio Vives is currently a professor and consultant at Stanford University. Principal Partner of Cumpetere . Former Sustainable Development Manager of the Inter-American Development Bank. It is another item that we consume a lot, although it may not seem like it. Each one only sees their “small” consumption and not the aggregate, which is tons… Rafael: It's true, the other day I looked at the purchases we make and I was amazed. We have some printers and copiers on both sides, but there are not many. I have seen that some young people reuse the paper, for documents of little importance, by putting it back in the printer. But again, replacing equipment costs money. Lorenzo: But at least you can improve the equipment when it is due for renewal, changing it for equipment that is more efficient in its consumption of electricity, paper and ink. Rafael: We do it, but it's slow. I will review the replacement program from that point of view.
Lorenzo: And while you're at it, why don't you look at paper consumption in toilets? Maybe you can replace paper with electric hand dryers. They are more hygienic. These are small things but they can add up, both in money and in personal satisfaction. By the way, much of the paper we use could be recycled or made with paper from certified sustainable forests. Rafael: In toilets yes, but in photocopiers and printers, we must be careful since sometimes they get jammed with recycled paper. Clara: I have an idea! I believe that we can take advantage of the good wishes and energies of young people in the company to carry out a campaign of identifying opportunities, of conservation, disseminating possibilities, stimulating changes in behavior. You could put together a small group of “sustainability promoters.” Lorenzo: Excellent idea. What do you think Rafael? Raphael: Okay. Also discuss it with Pilar and make it seem like something spontaneous from you, I think that this way it will have greater acceptance than if it is perceived as an imposition from management. Lorenzo: And now, if you have time, let's talk about the topic of human resources. Rafael: More things?! I am sure you know the great efforts we have made in this crisis. We reduced working hours, but we didn't fire anyone. Some took vacations, others took advantage of the special leaves we gave to study or attend to family problems. Anyway, we were very careful. We are very important in the community and I think the community recognizes our efforts.