Question

Q1: How has globalization affected your sample business? What possible changes might it cause for such a business in the next ten years?

Q2: Do you think major corporations should put social responsibility above, below or at the same level as the financial return to stockholders?

Answer 1

Globalization has really affected the sample business a lot because due to globalization the area of working of the business gets increased.Business is able to work in a large network. All the actions and activities of the business are taken to a different level.The business is able to learn various new things by globalization.The risks taken help business learn a lot to cope up with difficult situations.The profits and plans of business are increased due to globalization.The business plans to earn more and more.In the next ten years, such business can reach a different level where the dealings of such business will be increased very much. Also the goodwill of such business will be very high in the coming years.

According to me, the business should always put their social responsibilities above the financial return to stockholders because social responsibilities must be the top priority of every business as society helps business a lot in their successful running.Therefore,the business should have a duty to do something in return for the society as well.It is only with the cooperation of society that business is able to move ahead.