What are different stages of KYOSEI?

CS Professional · Ethics, Governance and Sustainability · PYQS · December 2016
What are different stages of KYOSEI?

Answer & Explanation:

KYOSEI is a Japanese technique meaning "a spirit of cooperation". In simple words, it may mean 'the living and working together for the common good'. However, in broad sense it may be defined as "All people, regardless of race, religion or culture, harmoniously living and working together into the future." KYOSEI works in five stages. In the first stage of KYOSEI, a company must work to secure a predictable stream of profits and to establish strong market positions. At this stage a corporate is at the stage of evolution and it is concerned with profit making and its economic survival. Stakeholder's benefits are not a major concern area. From this foundation, it moves on to the second stage, in which managers and workers resolve to cooperate with one another, recognizing that both groups are vital to the company's success. Managers and workers unite in working for the prosperity of the corporation and both have a share in the profits. In the third stage, this sense of cooperation is extended beyond the company to encompass customers, suppliers, community groups, and even competitors. At this stage company assumes local social responsibilities. Companies respect the interests of their own stakeholders, customers, staff, shareholders, suppliers, competitors and the local community. At the fourth stage, a company takes the cooperative spirit beyond national boundaries and addresses some of the global imbalances. At this stage company assumes global social responsibilities. It begins to take care of all its direct stakeholders, including its local community and beyond. Thus it strives to fulfill its corporate obligations on a global scale. In the fifth stage, which companies rarely achieve, a company urges its national government to work towards rectifying global imbalances. At the global level KYOSEI will address Trade imbalances, Income imbalances and Environmental imbalances by advocating political, economic and educational reform.

Topics: Ethics

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