Explain corporate responsibility and corporate philanthropy

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Reference no: EM1358810

1. What are ethical considerations a business would need to evaluate before making a profit in a foreign country? All countries have different laws that need to be followed. A dilemma can take place when a company follows the law that infringes on the company's code of conduct. Provide an example to support your answer.

2. What are the differences between corporate responsibility and corporate philanthropy? Explain how a business benefits when it has an impact on the community.

3. What are barriers that businesses need to overcome in foreign countries? What are alternatives that businesses can utilize to prevail over these barriers?

4. You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concerns?

Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Reference no: EM1358810

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