• Business

    EFFECTS OF MULTINATIONAL CORPORATIONS ON LOCAL INDUSTRY

    Within business circle, there seems to be much enthusiasm about globalization as it is believed to facilitate economic growth, global welfare, democracy and global peace. This process is subject to many interpretations, which is borne out of the fact that it is quite complex as it involves many features such as, internalization of trade activities, market liberalization and universalization of goods, services, lifestyles, and pattern of consumption, and the likes. The existence of political borders have hindered global connections between people. However, these borders are being eroded now due to the process of liberalization. Indeed, technological advancement and the erosion of political borders have greatly facilitated proliferation of supervisorial interconnections.…

  • Business

    BUSINESS AND ITS NATURAL ENVIRONMENT

    To what extent can we say that, within the detailed reflection on the human situation and the problems generated by human situation and the problems generated by human existence and essence? This is a problem in business conducts in our contemporary concerns the depleting of natural resources through careless over-use and the destruction of the environment. People in business should not have to bear total responsibility for these problems, they must certainly accept a large share of it. Businesses are truly blameworthy if they fight against viable solutions and don’t do what they can to alleviate problems that are either already present or that soon will be. This problems approached…

  • Business

    THE IDEA OF CORPORATE SOCIAL RESPONSIBILITY

    Social responsibility is a duty one has either as an individual or entity in society, to ensure that social well-being is not hindered but enhanced. While, a business entity has a primary objective to make profit, has a legal status and own assets, and that businesses are structured to hire people, describes job, hold managers for accountability, acquire raw material, and optimally use technology to ensure profit is effectively maximized. The idea of corporate social responsibility is paradoxical and strange, in the sense that corporate business organization are naturally, traditionally and by their essence antithetically oppose to social responsibility. The idea of corporate social responsibility is a by-product of the…

  • Business

    THE INFLUENCE OF ADVERTISING

    Advertising is one of the most powerful socializing forces on culture. It is one of the ways in which merchants and manufacturers markets their goods. It makes people know, remember and trust the familiar name. It has become an important and specialized branch of modern economic life. It sells images, values, and concepts of who we are and who we should be. Thus, it sells more than products. Interestingly, they shape our attitudes and our attitudes shape behavior. The government, charities and even races and religions advertise to try to get the public to buy the product. Many holds that advertising does not force anyone to do anything, it is…

  • Business

    HOW TO UNDERSTAND CORPORATIONS

    In global economy, corporation is the most dominant form of business entity. While a corporation is a business entity, not all business entities are corporations, and not all corporation are profit making entities. Two of the essential features of a corporation employed in defining it are its legal status and ownership of assets. From the legal perspective, a distinction is made between the corporation itself on one hand and those who work in it, manage it, invest in it, or receive its products and services on the other hand. The former is described as a separate entity that is independent of the latter. It is in this regard that corporations…

  • Business

    HOW FREE ARE WE IN BUSINESS

    The right to life, justice, honesty, truth-telling and freedom apply to life generally, so they apply in businesses. This rights are the right to have one’s own life protected whether one is an employer, an employee, or a consumer; the right to have the opportunity to pursue and qualify oneself for employment without hindrance; the right to establish a business, employ whom you want, and make a profit; the right to expect agreements contracts to be executed fairly, whether between employers and employees, or businesses and consumers; the right to fairness, honesty, and truth-telling at all levels of business dealing; the right to employment security; the right of businesses to…