Business and Society: A Report on Contemporary Issues and Challenges

This report delves into several contemporary issues impacting business and society. It examines globalization, exploring its benefits such as increased opportunities and reduced potential for war, alongside its detriments like increased dependency of developing nations and reduced opportunities for small-scale organizations. The report also analyzes corporate social responsibility (CSR), discussing its positive impacts on company image and employee retention, while also acknowledging potential drawbacks like increased manufacturing costs. Immigration is another key topic, highlighting its economic benefits, such as fueling the economy through increased productivity, as well as challenges faced by businesses. The report concludes with a discussion of laws and their impact on individuals and communities, addressing both their protective functions and their limitations, such as rigidity and complexity. The report provides a comprehensive overview of these interconnected contemporary issues, offering insights into their complexities and implications.

CONTEMPORARY ISSUES

Table of Contents
.......................................................................................................................................1
INTRODUCTION...........................................................................................................................3
TASK ..............................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7
Books & Journals........................................................................................................................7

INTRODUCTION
Globalisation, corporate social responsibility, immigration, law and individual all these has key
factor of economical growth of developed nation in long period of time. Management of the an
organisation has spend their business market across the boarder for gain more benefits as well as
long term sustainability at market place (Baylis, Smith and Owens, 2017). Given all factors has
effect these by their own benefits, detrimental so that it is a firm responsibility to overcome all
negative points and find of profits to run whole business activities effectively.
TASK
Globalisation: It is a process in which businesses has develop international influence in order to
operate enterprises activities like sales at global level. In this, company has sell uniform product6
in each one nation where they are find out growth opportunity in long period of time.
Benefits verses detrimental:
Benefits Detrimental
Adopting globalisation increase opportunity
for an organisation among all nation.
Thus increase dependency of developing
nation on other country organisation.
Companies which are run business activities
has invest in developing nation so that
introduction phase on product life cycle may
received.
Rule and regulation related to environment is
very less in developing nation as compare to
developed so that, it create negative impact on
growth of developing country in long period of
time.
Thus reduce possibility of war between
developed countries.
Most of the companies want cheep labour so
that non skills and low educated candidate has
go for job in matured nations.
Through this, nations joining together in order
to remove cultural barriers to make the world
global village (Graziano, Taylor and Moore,
2012).
It reduce the opportunity of small scale
organisation in developing nation that
negatively effect growth of that country.
Globalisation provide several factor which has
beneficial for an organisation in long period of
Globalisation has reduce the employment
opportunity in local companies because they

time. are not capable to hire full fill skilled
candidate.
Through this, between to nations information
communication may increase thus help to
contribute in speed of transportation of goods
and services.
Reduce per person contribution in nation
growth due to global firms.
Corporate social responsibility: It is a enterprises approach to contributes in order to gain
sustainability development by delivering social, environmental and economy benefits for all
stakeholders.
Benefits verses detrimental
Benefits Detrimental
Corporate social responsibility has improve
image of company at market place.
Management of the company has shift form
their actual objective that is profits for their all
investment.
It increase retention as well as attraction of
employees with in work place (Keane and et.
al., 2011).
Some time organisation reputation may harm
due to negative image. For example, car
production firm has calling back their product
form market when they have find out glitches
in their model.
Regulatory authority of the nation less hostile,
it shows firms has invest and receive benefits
other then profits.
Clients conviction has create negative impact
on organisation performance in long period of
time.
Through this, enterprises has attract more
investor and capital flow by several other
sources.
Corporate social responsibility has increase
manufacturing cost of the company because
manager has more focus of accuracy and
product quality.

Immigration – It is an international movement of individuals into a country of which
they are not native to settle down at there with an aim of taking up unemployment, as a foreign
worker or as a migrant worker.
Beneficial of immigration – It fuels the economy, as while immigrants enter into labour
force; this results enhancement of productivity capabilities as well as improve GDP rate. Along
with this, immigration acts as a grease of labour market by flowing into industries and areas
where there is higher need of workforce. Immigrants are more likely to move than natives and
by, thus by reliveing these expansion, immigrants raise the speed of an economy. Furthermore,
immigration aids the number of available employees who can dwindle at the time when other
labourers immigrate to other society in order to earn high and improve their lifestyle.
Detrimental of immigrations – Hiring immigrants present a challenge while conducting
businesses. For instance – if people does not have full command over English, thus various
facilities are faced by an organisation. Despite federal control of many immigration components,
such as- naturalization proceedings and border control, states may still adopt laws that restrict the
rights of immigrants (Kraidy, 2017).
Laws and the individuals – Laws consists with rules and regulations which bind all
persons in a community; it protect people from any kind of harm and also ensure rights of other
people. As many citizens get abused by people, organisations etc. For example - speed limits
and traffic laws are executed as people can drive in safe manner. Laws that come from the Bill of
Rights in the British. Constitution, that guarantee our basic freedoms like freedom of speech,
religion, and the press. These are also generated to protect local communities from any kind of
discrimination, i.e. race, age, gender and disabilities. On the other hand, health and safety law is
regulated to protect people health at workplace; its aim is to deliver healthy and safe working
environmental to individuals so as to gain high productivity.
Detrimental of laws – The prime disadvantage of law is rigidity of law. An idealistic legal
system is focused on keep changing as per the changing needs of people. Thus, laws should be
formulated in order to fulfil individuals needs and cannot isolate itself from them. Although,
more focused is put on the law than its substances; it consumes lot of timings and to raise
technical objections (Laws, Hogendoorn and Karl, 2014). Laws also increases complexity of the
situation, henceforth effective efforts must be made for making law as simplistic as possible. But
every law cannot be simple due to modern nature of society.

CONCLUSION
From the above mentioned report, there has been described different contemporary
themes, like – globalisation, immigration, social responsibilities and laws. The brief argument
has made on all above mentioned topics. As globalisation helps business organisations to expand
their business in foreign countries and gain high competitive edge. On the other hand, fulfilment
of corporate social responsibilities helps company to attain and retain customers for long term
period. Furthermore, immigration supports to improve productivity of a country and boost up its
economic growth.

REFERENCES
Books & Journals
Baylis, J., Smith, S. and Owens, P. eds., 2017. The globalization of world politics: an
introduction to international relations. Oxford University Press.
Graziano, M. S., Taylor, C. S. and Moore, T., 2012. Complex movements evoked by
microstimulation of precentral cortex. Neuron. 34(5). pp.841-851.
Keane, A., and et. al., 2011. Evidence for the effects of environmental engagement and education
on knowledge of wildlife laws in Madagascar. Conservation Letters. 4(1). pp.55-63.
Kraidy, M., 2017. Hybridity, or the cultural logic of globalization. Temple University Press.
Laws, D., Hogendoorn, D. and Karl, H., 2014. Hot adaptation: what conflict can contribute to
collaborative natural resource management. Ecology and Society. 19(2).
Murthy, C. S. R., 2014. Ad hoc wireless networkd: Architestures and protocols. Pearson
Education India.
Sharma, M. and Morwal, S., Experimental Evaluation of Refined Google Search using CLIR.
Summerill, J., 2012. Immigration and Customs Enforcement Introduces Friendly Federal
Detention Standards and New, Softer Detention Facilities. Fed. Law., 59, p.46.