4. Giving specific examples of global companies, discuss the following concepts which are contemporary issues of concern to Global Businesses: a) Corporate Social Responsibility b) Off-shoring c) Business Sustainability

a) Corporate Social Responsibility

This is a type of international private business that is self-regulated which helps a company to become socially responsible, that is, giving back to the society through philanthropic activities which may include volunteer work or environmental activism.

b) Off-Shoring

Offshoring is simply taking advantage of difference in the cost of production or labor to relocate a business to another country in order to get cheaper labor for manufacturing operations.

Typically, it moves the production of materials from a country where such materials are expensive to another country where the materials are cheap in order to save costs.

c) Business Sustainability

This is simply taking care of all the major facets of a business in order to ensure that the success they have enjoyed in the past is sustained.

These facets could include management of social and economic demands to ensure optimal performance.

A business that is sustainable has a very little negative impact, rather it impacts its immediate environment positively.

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