Management and Organizational Studies 2285 Lecture Notes - Lecture 6: Corruption Perceptions Index, Nepotism, Comparative Advantage

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2285
• Professor: Trevor Hunter

Document Summary

You may want to expand into a country, but you have to see the global and the nations attitudes towards the company and their corporate social responsibility as you are going to be going to the country and operating. If you are exploiting them, you don"t care about the attitudes of nation, but of the government as you are getting their approval to do what you are doing. There are some overarching companies (such as greenpeace) that help from international opinions on topics your plans. You want to make sure you are working with them as well, otherwise they could defer. Legitimacy: business corporations have an obligation to work for the social betterment fredrick. Legitimacy: meeting the behavioural expectations of society. Legitimacy provides firms with access to the resources (financing, customers, employees) they need to survive and reduces costs associated with operations (less scrutiny, reduced taxes). Legitimacy = social acceptance: society grants legitimacy and power to business.