Ethical Standards

To strive in the stiff global market multinational organizations need to operate sustainable and responsible businesses. Corporate social responsibility (CSR) enables a multinational organization to embrace the consequences of its actions towards its employees, consumers, community and the environment. On the other hand, multinationals that implement CSR fundamentals effectively form good business practices. For instance, they are less likely to come into conflict with governments in their course of developing social and economic policies. As a result, the products distributed by the organization to developing and industrialized countries do not have any difference in respect to safety, quality and information or directions of using it (for example its side effects) (Punnett 147).