Professional Documents
Culture Documents
Is
it good for the companies to be forced to adopt some CSR practices or
should they be voluntary?
CSR:
CSR is about how companies manage the business processes to produce an
overall positive impact on society.
You must keep all registrations for your business structure up to date.
Employment
Legally, when you employ staff you must meet certain employer
obligations.
You must select the right person for your business in line with the job
description and selection criteria you have specified. Read how to recruit
and interview staff
Supplier agreements
Getting your agreements with suppliers in writing will minimise
misunderstandings and disagreements.
Risk management
Manage risks by avoiding them, minimizing their negative effects,
transferring them to another party, or deciding to accept some of the
possible consequences should they arise.
Contracts
Contract law is complex. Your solicitor can develop standard
agreements for your business to reduce confusion and costs.
Knowing the culture of the country in which you are going to be doing
business with is really important as it shows a sign of respect and it will be
strongly appreciated; in fact, not doing so will cause uncomfortable situations.
(that could result in the failure of the business.) So it is important to say that
those who effectively respond to the culture and lifestyle of the country where
they plan to expand have more possibilities of developing successful
businesses than those who dont.
The History of a country plays a vital role. it's important to learn about the
country's history because history always repeats itself. also, when history does
repeat itself, we have a better understanding on how to resolve the repeated
problems that will be faced in future by business and we can get ideas on how
to help our economy by looking back at the Great Depression.