Exploring Contemporary Business Issues: Globalisation, CSR, and Ethics

This report delves into several contemporary business themes. It begins by defining globalisation and its impact on various markets and economies. The report then explores Corporate Social Responsibility (CSR), examining its effectiveness in aligning company goals with social issues and improving stakeholder relations. The discussion extends to the 'Ban the Box' initiative, analyzing its purpose and implications for employment, along with arguments for and against it. Finally, the report addresses the complex ethical debate surrounding assisted dying, outlining its legal and ethical implications. The report provides a comprehensive overview of these critical business topics and their impact on society.

Contemporary Themes

Table of Contents
Part 1 - Topic: What is globalisation?..............................................................................................1
Part 2 - Topic: How effective is Corporate Social Responsibility ..................................................1
Part 3 - Why should company Ban the Box ....................................................................................2
Part 4 - Should assisted dying be legal ...........................................................................................2
REFERENCES................................................................................................................................4

Part 1 - Topic: What is globalisation?
Globalisation can be defined as integration of different markets that are coming within
the global economy, so that to improve or enhance the interconnections of various domestic
economies (Hirst and Thompson, 2019). Markets in present time, where globalisation is
effectively significant and enclosed with different financial markets and these are money and
credit markets, capital markets, commodity markets, and insurance markets. This majorly
consists with various elements like tin, oil, coffee, product markets, gold, consumer electronics
and markets for motor vehicles. Away with this, globalisation may also consists with different
elements like technology, spread of products, jobs across national borders, cultures and different
data. If it is talked about economic terms, there are interdependences across nations in all over
the world, where free trade mainly takes place.
Including this, it is also said that due to the factor i.e. globalisation, living standards got
improvised of various nations that are looking forward to develop in a continuous manner. There
are increase among job opportunities, improved access to products along with services, and
modernization are some of the crucial elements that can be seen due to globalisation. On the
other hand, it is also said that globalisation consists with motives that are much more unique and
idealistic, as well as opportunistic, but improvement among free trade has directly given various
benefits to corporations, which are looking forward to perform business at international level.
Basically, this has impacted over different elements like small businesses, workers, cultures,
innovations in all over the globe.
Part 2 - Topic: How effective is Corporate Social Responsibility
The term, corporate social responsibility (CSR) is said to be one of crucial regulating
model, which may aid business organisations in becoming socially aware in regards to the
different social issues, that public deals with. This type of activities done by a company are
basically being done for fulfilling the requirements of both stakeholders and of public as well, in
regards to ethics and emotions (Cui, Jo and Na, 2018). If it is talked about effectiveness of
Corporate Social Responsibility, then CSR activities may directly aid every single business
organisation to develop stronger bondage among goals of the company and employees, it could
effectively boost the morale of staff, helpful in improvising the living standards of public and it
1

may also aid staff along with the employers to get connected with other people in all over the
world.
Among different nations, over the years many agencies, has prepared different voluntary
standards in regards to fulfil the needs of public and stakeholders of a company. In the same
way, International Organization for Standardization (ISO) has also set number of voluntary
standards, which helped organisations to implement corporate social responsibility. This has
helped firms in meeting the ethical values that are linked with the social issues. Considering the
CSR, a business organisation could effectively improve overall standards of living, and resolving
the issues that people goes through every day. Away with this, CSR activities helps in making
the whole scenario much more visible and successful for a business corporation, as the more
responsibilities, it will be required for firms to carry out different number of standards in regards
to the ethical behaviour to develop good image in all over the world.
Part 3 - Why should company Ban the Box
The vital reason behind developing the Ban the Box, which is an effective national
campaign is to ban employers from asking questions regarding an applicant’s criminal history on
initial job application forms. Basically, there are ample number of cases that came in front
where, promotion done by various lawyers in regard to individuals (applicants), who were
having criminal records (Doleac and Hansen, 2018). The reason behind this was, it directly
impacted negatively upon employment scale of United Kingdom and of other nations as well,
which raised many concerns as this affected the economic conditions as well of different nations.
Including this, it has been identified that Ban-the-box laws and policies aim to remove the stigma
associated with previous convictions and give all applicants a fair chance at employment.
Including this, it is also said that National Federation of Independent Business (NFIB)
has given ample number of arguments where laws in regards to ban-the-box unnecessarily has
raised masks related to basic criminal-record information of the applicants who were looking for
jobs and so on, has had the issues in regard to both security and safety of business, workers and
public as well. This made the whole recruiting process much more difficult for staff as well.
Part 4 - Should assisted dying be legal
In regards to the topic that has been taken into consideration, where different people in all
over the world had different range of perceptions over assisted dying should be legal or not. Dr.
2

Jack Kevorkian was the one who basically, started debate in 1990s in regard to suicide. In
present context, there are six states that has considered the death with dignity Acts and these are
Hawaii, California, Colorado, Vermont, Oregon, Washington and District of Columbia.
This cannot be properly decided that this should be properly legal all over the world or
not, because of misuse as well. Basically, it has been identified that It's basic to comprehend that
not simply anybody can practice their privilege under helped suicide laws. It is must for an
individual to be a rationally capable grown-up who can affirm a terminal conclusion with a half
year or less to live. When this necessity is met, an individual can intentionally demand a solution
that will take his or her life (Sinmyee and et. al., 2019). The thought behind helped suicide is that
it gives the in critical condition control, poise, and genuine feelings of serenity during their last
days.
3

REFERENCES
Books and Journals
Cui, J., Jo, H. and Na, H., 2018. Does corporate social responsibility affect information
asymmetry?. Journal of Business Ethics. 148(3). pp.549-572.
Doleac, J.L. and Hansen, B., 2018. The Unintended Consequences of'Ban the Box': Statistical
Discrimination and Employment Outcomes When Criminal Histories Are
Hidden. Available at SSRN 2812811.
Hirst, P. and Thompson, G., 2019. The future of globalisation. In The Handbook of
Globalisation, Third Edition. Edward Elgar Publishing.
Sinmyee, S. and et. al., 2019. Legal and ethical implications of defining an optimum means of
achieving unconsciousness in assisted dying. Anaesthesia. 74(5). pp.630-637.
4