Global Entrepreneurship | Assignment

Running head: GLOBAL ENTREPRENEURSHIP
Global Entrepreneurship
Name of the Student
Name of the University
Authors Note

GLOBAL ENTREPRENEURSHIP1
Answer-
Part- A
1) There exist a range of terms which are generally used when people talk about a company
and its obligations towards the society. These terms include corporate social
responsibility, business and human rights, responsible business conduct, and
sustainability. RBC helps the Canadian companies to run business internationally in a
social, economic and environmentally justifiable manner. The respect for human rights
are also demonstrated by RBC by using appropriate laws and global standards.
Shared value is created when a company operates its business in an environmentally,
financially, and socially accountable manner with transparency. As the advantage of
international opportunities have been taken by Canadian firms, therefore it is important to
understand RBC because it makes a good sense of business (Morali & Searcy, 2013).
2) In promoting responsible business practices, the Canadian government plays an active
role. It influences and helps various Canadian companies working worldwide by
respecting human rights and all valid laws for meeting global RBC rules and standards. It
also helps the Canadian companies to perform their functions in an environmentally,
financially, and socially accountable manner with transparency and this expectation is
applicable to all Canadian companies irrespective of its size and sector (Mahoney &
Thorne, 2005).
3) In order to prohibit corruption and bribery while business internationally, the Corruption
of Foreign Public Officials Act (CFPOA), 1999 was enacted. According to this Act,
bribing a foreign public officer while business internationally is considered to be criminal
offence and both organizations and individuals can be prosecuted under this Act for
committing such an offense inside and outside of Canada.
4) Johnson & Johnson is an example of a Canadian Company engaging in RBC in the sector
of Fast Moving Consumer goods.