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Ethics and Corporate Social Responsibility PDF

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Added on  2021-02-20

Ethics and Corporate Social Responsibility PDF

   Added on 2021-02-20

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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Understanding of globalisation with respect to businesses..........................................................1The way in which globalisation impacts businesses and their stakeholders................................2Impact of globalisation on accounting profession.......................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONGlobalisation is facilitating large as well as small organisations to expand their businessesall around the world. With the help of it companies can execute their operations in differentcountries and attain business goals (Hayakawa, Machikita and Kimura, 2012). The organisationwhich is selected for this report is is Vodafone Plc. It is a British multinationaltelecommunication company and executing business all around the world. Its headquarter is inLondon, United Kingdom. Various topics are covered under this report such as concept ofglobalisation, the way in which globalisation impacts businesses and their stakeholders. Apartfrom this, impact of globalisation on accounting profession is also covered under thisassignment.MAIN BODYUnderstanding of globalisation with respect to businessesGlobalisation can be defined as the process of interconnecting the world by increasingtrade and exchange of culture. It has resulted in enhanced production of goods and services allaround the world. Barriers for companies are also reduced with the help of globalisation to enterin to international market as restrictions related to foreign trade are also being decreased.Vodafone is one of the largest telecommunication brand which is successfully operating itsoperations all around the world. It has facilitated the enterprise to raise finance and investmentfor it to operate business internationally (Jeníček, 2012). After globalisation Vodafone expanded its business in various countries as the rules andregulations of government were decreased after it. Higher profits are also generated by variousother companies with the help of it. For example, Mc Donald's have attained end number ofbenefits due to globalisation because it has helped the company to expand its business in variouscountries and generated higher revenues. After adopting global market Mc Donald's haveestablished more than 34000 restaurants in almost 118 countries and delivering meals to morethan 69 million people every day. This success is achieved by the organisation by analysingmarket situations and opportunities which have taken place after globalisation (Growth of McDonald's, 2014).Globalisation helps developing countries to get developed with the help of largecompanies which are planning to expand their business in different locations. Contribution of1
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