Analysis of Contemporary Business Themes and Their Impacts

This report provides an analysis of several contemporary business themes. It begins with a discussion of globalization, detailing its benefits such as increased trade and knowledge sharing, and its drawbacks, including income inequality and trade imbalances. The report then explores corporate social responsibility (CSR), outlining its positive impacts on community development and employee growth, as well as potential drawbacks like increased costs and shifts in production policies. Immigration is examined next, highlighting its benefits such as reduced labor costs and increased employment opportunities, alongside its drawbacks, including language barriers and cultural resistance in workplaces. Finally, the report discusses the importance of law and individuals, emphasizing the need for legal frameworks to ensure order and equal opportunities, while acknowledging potential drawbacks like legal protection and the necessity of adherence to regulations. The report concludes with a list of references including books and journals.

CONTEMPORARY THEME

Table of Contents
REFERENCES................................................................................................................................6

Globalisation: Globalisation stands for the worldwide segregation of international trade,
investment, informational technology and culture. It is impelled according to the government
policies and designed to set effective economic internationally to support the development in
poorer country around the world and make effort in order to increase the living standard of
country's people.
Benefits of globalisation:
 Globalisation supports the business owner and consumer in order to deeper section of
worker in the country and economic standard of the country.
 Main benefit of globalisation is that It helps to migration of large amount of workers
among several countries in the world.
 It helps in gains from the sharing of thoughts, knowledge and engineering across the
world. Competitive companies decrease their profitability in the country and it leads to seek cost
minimising innovation process that decrease inflation rate within country.
Drawbacks of Globalisation:
 It could help in raising wide range of inequality between income and wealth of each
person in the country.
 High level demand of food and energy product can increase the consumption and
inflation rate within the country effectively.
 Globalisation assists rich person make richer and poor persons make poorer within the
country.
 It can formulate trade imbalance within the country effectively by increasing trading
companies existence.
 Lower unit worker innovation can increase the high level of unemployment within the
country in effective manner.
Corporate social responsibilities: CSR is an initiative which is taken by corporation in
order take responsibilities towards the environment and social well-beingness as well. Their
initiatives can promote the social and environmental change in positive form.
Benefits of Corporate social responsibilities:

 CSR encourage the community in terms of developing them in positive manner and
organisation can change their services process in order to deliver advantages towards
communities effectively.
 CSR boost up the public value outcomes in the country in which organisation make effort
regarding giving advantage to the society by applying different methods of services for
increasing the public value in the society in an effective manner. CSR helps in increment of personal and professional both development in effectual
manner. Furnish opportunity towards the corporation employees who includes in the
social responsibilities of the business so that they will be able to learn so many benefits
from it.
Drawbacks of Corporate social responsibilities:
 Several times it has been seen that because of CSR corporation need to change their
production and services policies according to the CSR benefits policies towards
community benefits so it hits the image of the corporation in several times.
 CSR function raises the expenditure quality of the business in more effective manner.
They need to change their techniques of production and service provision process so that
it increases the expenditure of the organisations efficiently.
Immigration: Immigration is the process in which a person moves from one country to another
country for short exploration and they are usually visitors and tourists. They emigrate from one
country to another country for several reasons. Nowadays, there are several people emigrating
from one country to another country frequently in order to have fulfilment of their requirements
from foreign countries.
Benefits of immigration:
 A major benefit of immigration is that one can decrease the costs of labour within the
country in an effective manner. Their employment opportunity increases so that
availability of worker also rises within the country. Immigration provides wide range of incremental in the employment and it also increases
the productivity and working quality of the business so that business will be enhanced
more efficiently.
Drawbacks of immigration:

 Immigration can increase several barriers in order to run business and other activities in
the country in effective manner. There are several languages known person migrate from
one country to another country so that it formulates the language barriers in varous
country in effective manner.
 From immigration, there will increase several countries' worker in the same organisation
so that different kinds of cultural people and their tradition can increase the resistance at
the workplace sufficiently. There are several legal issues arisen in the business when they hire another country's
people so due to lack of proper documentation, they cannot hire some people in the
business because of another citizenship in the business.
Law and individual: There are several laws of individual and society which must be
followed by everyone in the country and business in order to effectively run their business and
other activities within the country. Law furnishes the legal way in which individual must follow
the rule and regulation of the law in order to have proper completion of their activities according
to the legal provision in the country.
Benefits of Law and individual:
 Each man individually needs some order which must be followed by them in order to
completion of the project. It provides the guideline to run an organisation in effective
manner so that each people can get equal employment opportunity within the industry. Law furnishes the value in which individual is responsible to work according to its
specific law in the business so that each one do not miss any critical point of the business.
Drawbacks of law and individual:
 Many of times, it has been seen that law is not followed by some persons because of
some reasons, so that those persons who do not follow the process of law while
completion their work in the corporation then they must punished by legal action within
the business effectively.
 There main drawbacks of law and individual is that it increase the legal protection within
the organisation and each individual must follow the rules and regulation of law in the
corporation otherwise they will get negatively affected by legal provision in the country
in efficient manner. It is necessary to follow each law by individual person in
organisation in effective manner.

REFERENCES
Books and Journals
Benington, J. and Geddes, M. eds., 2013. Local Partnership and Social Exclusion in the
European Union: New Forms of Local Social Governance?. Routledge.
Milman, A., 2010. The global theme park industry. Worldwide Hospitality and Tourism Themes,
2(3), pp.220-237.
Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.
Lutz, H. ed., 2016. Migration and domestic work: A European perspective on a global theme.
Routledge.
De Man, P., 2013. Blindness and insight: Essays in the rhetoric of contemporary criticism.
Routledge.
Seitel, F.P., 2017. Practice of Public Relations. Pearson Education.