Honda is faced with three primary environmental
challenge including, Climate change, Energy scarcity and resource shortage.
Close communication with stakeholders is vital to any Multinational company.
Honda constantly strives to boost their customer satisfaction by improving
their products and services to deliver value that meets and surpasses
expectations to its clients. Philanthropic initiatives aimed at strengthening
the bonds with the local communities where it operates has been tailored to local
needs since the 1960’s when it first started its operations. Fair business
relationship with its suppliers and business partners, which are possible
through the procurement programs that are grounded in equal opportunity and
equality. Also, creating conducive work environment enabling members to make
good use of their ability to find satisfaction. Honda places a high priority on
public information to target investors and shareholders.
The hello wood symposium.
Considering the relationship between (MNE) and
local stakeholders such as NGO (non-governmental organisation), there could be
plenty of room for mutual benefits such as size, scale, experience and
resources. The MNE with the aid of the NGO can have access to stakeholders that
are hard to reach. Together, both the NGO AND MNE may fill institutional voids
in a way that conserves the division between the local and international status
(OETZEL AND P.DOH 2009).