Role of Multinational Companies in Corporate Social Responsibility

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This article discusses the role of multinational companies in corporate social responsibility and their contribution to society. It also covers the importance of investing in CSR policies to protect the environment. Additionally, it provides insights into academic skills and their contribution to developing a firm's personality. The article concludes with a discussion on time management, communication, and critical thinking skills. Subject: Business, Course Code: N/A, Course Name: N/A, College/University: N/A.

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Table of Contents
MAIN BODY..................................................................................................................................3
TASK 1............................................................................................................................................3
TASK 2............................................................................................................................................4
REFERENCES................................................................................................................................1
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MAIN BODY
TASK 1
MNE’s is combination of two word Multi and national which when combined together
means various countries. This type of organization has their assets or facilities in other country
which is also known as parent state. Thus, in simple word it can be state as firm that
manufacture and sell product as well their services in various country. Some of the MNE’s has
large amount of budget which is higher than GDP of small countries. For example: Nokia, MC
Donald’s, Exon and BP. This type of organization usually brings foreign direct investment in the
country for expanding their business base (Barnett, Henriques and Husted, 2020). The
multinational company helps in developing the countries by providing them employment
opportunity to the people that contributes in increasing the GDP rate of their parent company.
However, when Coco Cola started their operation in EI Salvador its supply chain has hired local
farmer as the poverty rate of the country was poor. But the job it provides is of low quality and
due to that many workers received less than minimum wage rate also harvester has faced
physical risk as their work include cutting cane. In addition to this, MNE’s are good for
developing couturier’s economies as it provides jobs and bring capital flow by establishing
building.
The concept of CSR need to be used when the company face issues related to problems that
include economic, technical and legal consideration. Moreover, MNE’s are expected to deal with
the problem which influence the future plant. It need to pay attention to various aspects such as
shortage of water, disease, corruption and education. Company like Coco Cola participate in
environmental and recycling projects as well to utilize alternative resources. Although MNE’s
act in ethical and transparent way in business framework so that it can build positive relation
with the society. Moreover, it necessary for the company to have proper workplace environment
in order to maintain positive relation with other (Gillan, Koch and Starks, 2021). However,
employee satisfaction and moral can be used to improve their work and focus on external and
internal CSR factors. Along with this, CSR scheme represent company attitudes towards society
but some MNE’s fails to implement their activities as they are not involved in community and
their communication is also not proper. However, COCO Cola has initiated Water pollution and
over extraction of groundwater in southern part of India. As the organization was accused of
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water pollution. So the company has launched an initiative Amandine in year of 2008 with
motive of environmental sustainability in India (Gillan, Koch and Starks, 2021). This foundation
takes care of watershed management development and protection, purification of riverine
system, restoration of old water bodies. However, Coco Cola has launched foundation in other
countries to such as in middle east CSR campaign has launched Ripples of Happiness through
which university students were supported who wanted to enter into business. Also Area Price of
Water was initiated to provide clean drinking water to refugees since 2014. Although it is to be
recommended to MNE is that there CSR policy should serve as guidelines for the company and
should be related to issues faced by society.
TASK 2
During the course I have learned about the role of MNE’s in corporate social responsibility
and their contribution in the society. Along with this, I have gain knowledge that it’s crucial for
each type of business to invest in CSR policy in order to protect environment. Moreover, during
my course I have learned about various academic skill and the way it contributes in developing
the personality of firm. In addition to this, during the course I have analysed that my time
management skill is not very good and due to that my task has not been completed on limited set.
The time management skill is also very crucial as allow to segregate the big task into smaller
unit. I have to build up this skill so that I can improve my work quality and increase my moral.
In addition to this, I will be tracking the time I am consuming the work and try to reduce the
extra time usage in future (Khan and et.al., 2019). During the course due to poor time
management skill I have missed some of the important chapter and I also got delay in completing
my assignment on time.
Furthermore, I have also identified that my communication skill is good and that boost my
confidence. With the help of oral abilities, I was able to communicate my thoughts and ideas in
presentable manner in the classroom. I have also analysed that this skill has also benefited me to
interact with other people and build good relation with them. Although my oral skills are good
because I have taken course of personality development which has helped me in reducing my
nervousness level and to build the moral (Khan and et.al., 2019). In addition to this, my written
communication skill is also good and due to that I am able to demonstrate academic ability and it
allow in maintaining professionalism with peers as clear message makes it easier for them to

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understand the thoughts and ideas. This skill can help in providing ability at the work area as
writing job require people less grammatical error and spelling mistake as it may allow to show
low abilities at work area.
Although my critical thinking skill is moderate as some time I am able to find out the
solution for the problem. Throughout the course while writing the literature review I have first
researched and analysis about MNE’s and the way it is contributing in society. However, in
majority of the case I analyse the situation so that I am able to find the right solution for the
problem (Khan and et.al., 2019). But in some cases like technical issues I am not able to deal
with it as I have no experience regarding it. However, I need to work on it so that task can be
achieved in limited set of time and effective manner. So I will be joining brain storming session
in order to build overall personality and to deal with the challenges.
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REFERENCES
Books and journals
Barnett, M. L., Henriques, I. and Husted, B. W., 2020. Beyond good intentions: Designing CSR
initiatives for greater social impact. Journal of Management. 46(6). pp.937-964.
Gillan, S. L., Koch, A. and Starks, L. T., 2021. Firms and social responsibility: A review of ESG
and CSR research in corporate finance. Journal of Corporate Finance. 66. p.101889.
Hur, W. M. and et.al., 2020. When and how does customer engagement in CSR initiatives lead to
greater CSR participation? The role of CSR credibility and customer–company
identification. Corporate Social Responsibility and Environmental Management. 27(4). pp.1878-
1891.
Khan, W. and et.al., 2019. Role of sports activities in developing the important life skill of
decision making; a psychological perspective. Physical education of students. 23(4). pp.179-185.
Franssila, H., 2021, April. Mitigating workday fragmentation in knowledge work–task
management skill training intervention. In European Conference on Cognitive Ergonomics
2021 (pp. 1-4).
Wolters, C. A. and Brady, A. C., 2021. College students’ time management: A self-regulated
learning perspective. Educational Psychology Review. 33(4). pp.1319-1351.
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Appendix
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