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Please have each ‘Topic’ on seperate papers!
Prahalad says: “If MNCs are to thrive in the 21st century, they must broaden their economic base and share it more widely. They must play a more active role in narrowing the gap between rich and poor.. They must nurture local markets and cultures, leverage local solutions, and generate wealth at the lowest levels of the pyramid..”
Many companies appear to do the opposite, finding ways to reduce their labour costs as much as possible through eg: Zero-hour contracts or legal minimum wages. Questions to consider:
1.Should there be a legal minimum based on a calculated ‘living wage’?
2.Should the ‘Living Wage’ calculation include elements for the upkeep of dependents such as children and parents?
3.Could the organization you work for do more to contribute to the BoP (Bottom of the Pyramid)? How?
4.Serving the BoP would appear to fulfill both financial and CSR goals – are there any potential ethical pitfalls to this approach?
5.How would you distinguish (if at all) between Porter’s vision of ‘shared values’ and Prahalad’s vision of a profitable approach to the BoP?
Answer 5 questions from the attached document.
1. What are the causes of conflict in the workplace and how can they be avoided or resolved?