TY  - JOUR
AB  - In a growing atmosphere of mistrust of many transnational
corporations, there is a recognized need for holding them accountable.
The world community has often been betrayed by corporations which make
decisions affecting the lives of many, but concentrate the power of
decision making in the hands of a few individuals. Those whose lives are
affected by these decisions are seldom consulted, and have sometimes met
with disastrous results. There is a need for restructuring the
decision‐making process of transnational corporations. Decision‐making
must become more decentralized and democratic. Governments and local
communities must be actively included in this process where it concerns
the public welfare in order to balance the profit motive of business
with human needs and interests. Corporate managers are judged too
heavily on criteria which hinge on profit margins and are often forced
to compromise their better judgement by the severely hierarchical
corporate structure. Corporate management needs to adopt new performance
criteria in order to be more responsible towards the public which it is
supposed to serve.
VL  - 11
IS  - 4
SN  - 0262-1711
DO  - 10.1108/02621719210014130
UR  - https://doi.org/10.1108/02621719210014130
AU  - Wykle Lucinda
PY  - 1992
Y1  - 1992/01/01
TI  - Social Responsibilities of Corporate Managers in an
International Context
T2  - Journal of Management Development
PB  - MCB UP Ltd
SP  - 49
EP  - 56
Y2  - 2024/04/23
ER  -