You are told that without the childrens income their

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use of child labor in the plant. You are told that without the children’s income, their families might go hungry. If the children are dismissed from the plant, they will likely turn to other income sources, including prostitution or street crime. What should you do? Make a fuss about the immorality of child labor, or look the other way? International Business: The New Realities 5-11
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Corporate Social Responsibility Corporate social responsibility: Manner of operating a business that meets or exceeds the ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities. A strong CSR helps recruit and keep good employees. Can help differentiate the firm and enhance its brands. Helps cut costs, as when the firm takes steps to minimize packaging, recycle, economize on energy usage, and reduce waste in operations. Can helps the firm avoid increased taxation, regulation, or International Business: The New Realities 5-12
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The Pyramid of Ethical Behavior
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Sustainability Meeting humanity’s needs without harming future generations. The sustainable firm pursues three types of interests: 1. Economic interests refer to the firm’s economic impact on the localities where it does business, such as regarding job creation, wages, and public works. 2. Social interests refer to how the firm performs relative to social justice, such as avoiding the use of child labor, sweatshops, as well as providing employee benefits. 3. Environmental interests refer to the extent of the firm’s impact and harm to the natural environment.
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