Global Corporate Citizenship Is More Than Espoused Values; It Requires

question 26

Essay

Global corporate citizenship is more than espoused values; it requires action.Discuss some of the ways forward-thinking companies are changing to improve their ability to act as responsible citizens.

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Definitions:

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which there are many substitutes.

External Benefit

A benefit that people other than the consumer or producer enjoy, resulting from a transaction or activity.