In the light of the challenges facing global business today, all Essay

In the light of the challenges facing global business today, all companies listed on stock exchanges should adopt the UN Global - Essay Example This paper argues that â€Å"in the light of the challenges facing global business today, all companies listed on stock exchanges should adopt the UN Global Compact on responsible management† Globalization conveys people, culture, societies together and necessity and chances for cooperation enabling more prosperity and complex understanding to boost. Accountable businesses that establish proactive corporate practices and policies involving those valued by human rights, upon ensuring decent and safe working environments protection and excellent corporate governance contribute largely towards achieving social, economic and environmental goals. They also assist in making of markets more maintainable, inclusive and stable. Forming practices and rules which boost business responsibilities may also contribute towards business competitiveness. Enforcement and adoption of regulations and laws lies with the governments thus, business guided efforts can only be maintained and scaled whe n rules of law, public institutions, predictable regulatory and transparent efforts maintain the accountable business exercises. Much more, the collaborative multi-stakeholder enhancements amidst business, institutions, labor organizations and civil society give chances to boost promote innovation and extensive sustainable progression in manners capable to extend what businesses and governments produce on their own (Creaton, 2007). There are some ways in which Governments may sustain accountable business exercises. These are: Forming enabling conditions where governments may allocate crucial conditions for corporate accountability matters for dialogue and progression. This could also involve guiding by example like by articulation maintaining for corporate accountability principles and guidelines. Raising consciousness as the governments may dynamically draw attention to usual matters, benefits and aspects of corporate responsibility and enable for public debates. On promotion gover nments may come with best practices like giving of awards likewise to endorsement or invite wider community and invite businesses support for voluntary corporate accountability activities, programs and initiatives such as UN Global Compact. Tools progression ensure recognizing that business sectors can at times require requirement facilitation or guidance help as governments could help the progression of corporate accountability guidelines, programs and realization of particular designed which encourages entrepreneurism and corporate accountability amongst the medium and small sized enterprises areas. Funding where the governments have resources and may directly add to resources to assist voluntary initiative to exploit their effects. UN Global Compact renewed the multi-stakeholder obligations, widening of business establishment, boosting of financial market incentives, added governmental maintenance and extending of wider UN-premises agenda. All the points lies with the decision th at business workings in pragmatic and principled

Business proposal Essay Example | Topics and Well Written Essays - 1500 words

Business proposal - Essay Example This industry is being supported by the economic situation: the rise in real wages and growing food expenditure (Morrison). The European for Reconstruction and Development revised the growth projections for Russia increasing them by slightly above 0.3% and considering this change there is the need to increase production of processed food products in the market. Serovic Stores Inc. Russia is a mainstream food store in Russia and could do better-adding food and poultry products to its shelves. Sourcing these products from the Shuka Food Processors Co. LTD would allow the store to provide more products. These are new to the Russian market and beat the competition by having the healthiest and most delicious range of products gracing their shelves. The purpose of Shuserovis Food Processors Company limited to start the partnership to conquer the Russian processed food market. Consequently, it is in order to make an impact in the rich Russian market Shuka Food Processors Co. LTD needs Serovic Stores Inc. The investment in this lucrative venture would be a significant success for both companies that couple together. The partnerships are to come up with an enterprise for food production in Moscow to serve the Russian market. There market gap is owing to the increasing demand for food in China due to population growth, hence reducing the export of food products to Russia (Schweitzer). Currently, it means that the Russian economy has an additional order of about 15000 tons per year. The production capabilities of agricultural produce, in this case, is in the approximation of 35000tons per year, and approximately 75% of the total raw material will be from the Russian farmers.The projection of Investment benefits is 40.2million USD per year. Shuserovis Food Processors Company limited, require introducing new processed food products to the Russian market to beat the competition and to earn profits. The