Strategic role and local development in the face of globalization

in hive-175254 •  4 years ago 

Startup ideas

Regarding the leading role of local development in the face of globalization, the need arises for decentralization of political decisions, the use of resources and regional comparative advantages, for which it is important that organizations collaborate jointly with communities in solving local or regional problems.

Source (Pixabay)

Thematic development

In accordance with the above, companies that do not incorporate administrative structures for local development do not carry out activities jointly with the communities for their development, therefore, it can be inferred that they do not comply with this ethical criterion of collaborating with local and/or regional development.

Source (Pixabay)

Among the alternatives of linkage for local development is education, in this sense, organizations have two types of articulation, the alternation and the school-company associations, therefore, organizations can develop educational assistance programs in the communities, such as scholarships.

Therefore, business actions refer to the economic influence that the company has on local development, such as its impact on suppliers, contractors and customers. From this point of view, the company can develop some strategies that integrate it with its suppliers, so that they acquire certain types of commitments with the communities.

Closing of the theme

The points raised in this post, project strategies for companies to deploy strategies for local development, by integrating suppliers and customers, is reflected as an opportunity to develop mutual commitments and thus, external organizational social responsibility.

Key words: strategic, local development, globalization.

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Hi @alaiza
Unfortunately, companies do not manage this school-company partnership initiative of their own volition, developing educational assistance programs through scholarships, as you point out in your publication, among other options.
It seems that the only way they include it in their planning is that it is mandatory to allocate a % to it or else they are sanctioned, but that is linked to the policies established by each government.
Regards.

@tipu curate