Manager in the International Economy
1. Many multinationals do not own the means of production of their goods. Fashion companies like H&M relies on thousands of suppliers and technology companies like Apple depend on multiple third-party contractors to produce components or assemble whole products.
- How can these companies insure quality? How do they ensure safe and just working conditions? How do they provide positive or at least neutral environmental impact?
- Milton Freidman the famous economist once said, “The social responsibility of business is to increase profits.” https://hbr.org/2012/04/you-might-disagree-with-milton
Do corporations have a right or a responsibility develop corporate social responsibility programs? How about to make charitable donations? How about to political contributions?