Continuing Cross Cultural Implications of Corporate Social Responsibility

Dear friends,

Today after our brief look at the First Best Practice for minimizing all forms of risk when managing global contracting sites, we will move to a brief look at the Second Best Practice, which states that one should acquire a critical awareness of the impact of a cross cultural concern on the financial success of each global contracting opportunity. This Best Practice requires in detail a financial analysis of the various forms of risk that exist and their potential costs to the multinational corporation that is supporting the global contracting site. The Second Best Practice relies on Best Practice Number One, namely that there is a functioning awareness of the cultural values that the multinational corporation follows and also the cultural values that each participant in the global contracting opportunity follows. You then can use the knowledge gained from Best Practice Number One to inform you, the multinational corporation, or you as a member of the cross cultural global contracting site, each time a decision must be made regarding the global contracting site. You can make cross culturally informed decisions, and thus add to the financial success potential of each global contracting opportunity.

With financial success on a global contracting site, the sponsoring multinational corporation can then experience that it has made a contribution to the host nation through the financial success of the site. Following on the financial success, the corporate social responsibility policy of the sponsoring multinational corporation can then move to make a cross culturally appropriate contribution to the host nation, one which honors the host nation's culture and hopefully the cultures of those working on the global work site.

I will discuss the corporate social resonsibility aspect in more detail, as results from the financial success of each global contracting site, when I review Best Practice Number Four. This practice introduces the concept of culturally appropriate trust.

Warm regards,

Jane

Jane E. Smith, Esq.
LiSimba Consutling Services, Inc.
Buildling Relationships for International Business Success
http://www.lisimba.com/
jsmith@lisimba.com