Global Business Management: Stakeholder Management and Sustainability

This report discusses the different elements of global business management, including stakeholder management and sustainability. It identifies the practices undertaken by management to manage stakeholders and establish ethical standards for an effective workplace.

Running head: GLOBAL BUSINESS MANAGEMENT
Global business management
Name of the student
Name of the university
Author Note:

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Table of Contents
Introduction......................................................................................................................................3
Part 1................................................................................................................................................3
Efforts of Levi Strauss to reduce Problems.....................................................................................3
Part 2................................................................................................................................................4
Other People and Factors Involved..................................................................................................4
Stakeholders and their impact..........................................................................................................4
Part 3................................................................................................................................................5
Incentives link with goals of Sustainability.....................................................................................5
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

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Introduction
The main aims of the following report are to identify the different elements of the
management of the global business. The main aims of the report are to identify the different
practices that are undertaken by the management of the organization to manage the stakeholders
and establish a set of ethical standards for the management of a proper and effective workplace.
Part 1
Efforts of Levi Strauss to reduce Problems
To avoid the kind of disaster that happened in Bangladesh. The mentioned company can
start by tightening their environmental, labor and safety standards of their factories (Laudon,
2015). A corporate culture needs to be created where there are different kinds of ethical codes of
conduct in place and different forms of basic human rights (Binder, 2016). With the creation of
the different forms of reward programs the management of these companies ensures to create
high forms of ethical standards. The creation of such kind of high ethical standards helps the
organization as well as the employees to reap high benefits. Apart from this the management of
the companies also looks up to the safety and security standards and poor conditions in the
factory that helps them to avoid any forms of disaster in the workplace. The MNC’s like the one
mentioned in this chapter often have a tendency to shift their different producing units to the
developing countries and make the most of the lenient labor laws, lenient business regulations
and many other similar such factors that helps in the4 cheap production and an increase in the
business profitability. For the positive incentives to work the management of Levi Strauss, has a
number of positive incentives to work, a clear understanding of the different works and the

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processes by which the works are done (Armstrong, 2015). The suppliers can also benefit
mutually from the flow of the goods and services while moving through the supply chain. These
kinds of suppliers tend to take the advantage of globalization and promote ethical and proper
ways and environments for the workers.
Part 2
Other People and Factors Involved
The other people and factors that are involved in the following stakeholder process
include the likes of the World Bank and the International Finance Corporation (Luthans, 2018).
The stakeholders of the company includes the home and the hosting country which are
comprised of the owners, the employees, the customers, the different unions of the company
including the supervisors unions as well as the employee unions, the distributors of the jeans
produced by the organization, strategic alliances, community, economy and the government
(Carroll, 2014).
Stakeholders and their impact
The stakeholders on the other hand include the likes of the general society. The general
society in the terms of globalization includes global independence, interdependence, standard of
living, global environment and ecology and being able to manage and use the resources and the
assets of the company sustainability (Peng, 2016). The stakeholders will suffer from better
access to capital and the increase in the revenue of the business. Apart from this the increase in
the brand value of the goods, deduction in its prices, reduction in different forms of risk factors, a
better form of the retention and customer satisfaction within the organization is also one of the

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most important elements of the business. It is important for the management of the company to
implement the ideas of the stakeholders by having a thorough idea of the different forms of the
rules and regulations of the business in the different forms of the host countries. The
management should then ensure to take the necessary steps that are needed to implement the
standard rules and regulations and manage the production units (Reiche, 2016).
Part 3
Incentives link with goals of Sustainability
The following types of incentives relate to the overall growth of the sustainability goals
for a company and change in the ethical behaviors of the human and natural resources. The main
aims of the management of the company are to make more and more money and have a better
level of financial performance. The incentives provided by the ICF is seen as a great reward for
the sustainability of the business as because it helps the management to stay motivated as a
chance to earn profits from the business. The management motivates the employees and help
them to stay focused to earn the different incentives.
Conclusion
The following report has been able to properly and effectively explain the goals of the
different forms of the stakeholder management theories and the different forms of the sustainable
management theories of the company. Apart from this the report has also been able to establish
the different forms of stakeholders who will be involved in the following project to enhance the
sustainability of the organization.

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References
Armstrong, G., Kotler, P., Harker, M., & Brennan, R. (2015). Marketing: an introduction.
Pearson Education.
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Carroll, A., & Buchholtz, A. (2014). Business and society: Ethics, sustainability, and stakeholder
management. Nelson Education.
Laudon, K. C., & Laudon, J. P. (2015). Management Information Systems: Managing the Digital
Firm Plus MyMISLab with Pearson eText--Access Card Package. Prentice Hall Press.
Luthans, F., & Doh, J. P. (2018). International management: Culture, strategy, and behavior.
McGraw-Hill.
Peng, M. W. (2016). Global business. Cengage learning.
Reiche, B. S., Stahl, G. K., Mendenhall, M. E., & Oddou, G. R. (Eds.). (2016). Readings and
cases in international human resource management. Taylor & Francis.
Tarek, K. M., & Mak, A. K. Y. (2017). Fashion CSR by global brands vs. social enterprises: a
closer look after the Rana Plaza collapse in Bangladesh. Media Asia, 1-7.
Uddin, M., & Tangem, S. (2015). A Study on the Relationship between Working Environment
and Labor Unrest in Ready-Made Garment (RMG) Industry of Bangladesh.