Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Essay:
Ethics Must Be Global Not Local
Ethics Must Be Global, Not Local
International Business Requirements
Global Business Ethics
The large business units expand their operations in global markets through their own presence as well as franchising and distributors. The business operations are expanded on the basis of various standard practices. The business freedom provided by countries and various global practices are utilized as a basis for taking global operational decisions. The business also encounters various legal, operational, and ethical issues related to the local market. However in order to expand business beyond borders and physical boundaries of countries it is required to maintain a degree of uniformity in products and ethical practices followed throughout the manufacturing processes. It is advised to understand various aspects of international business requirements, global operations, ethical practices, and recommendations to assert a standard for global ethical business operations.
International Business Requirements:
The global business can be expanded and operated through reasonable business freedom provided through government policies, international bodies, and local business practices. It is also required to have adequate amount of infrastructure and information technology facilities. The international bodies operating for setting up polices for global business should also provide adequate support through business friendly policies. The establishments including World Trade Organization (WTO) and International Standardization Organization (ISO) also plays a significant role in developing synchronized polices for global business entities. The businesses develop a sustained presence in the markets through steady flow of materials and human resources. The essentials for global business are derived through local market capability to provide a reasonable amount of financial and infrastructure support. The global economy operates on principles of competition. Therefor one of the essential bases for global business operations is global orientation. The amount of information available in the local market and its alignment with the international business practices provides adequate support for development. The ease of resources availability in local market and openness in business culture are also essential elements of global business operations (Beer, 2010).
The global market takes advantage of advanced communication technology. The small firms and global business players value a standardized economic and social model. The business operating in global markets encounter various issues that are not applicable for local business units. These issues include economic standards as well as ethical differences. The economic and ethical standards are different in almost all business markets. The large multinational organizations exploit these differences and manipulate for their standards in order to gain advantage. It is widely observed that businesses operating in different markets follow a localized mix of ethical standards. It is mainly due to the local influence and value system of the corresponding market.
The globalization as a whole paradigm has increased over the past years. The reasons for the increase in globalization reveals that the phenomenon is not only limited to the expansion of multi-national large organization. The fact that it is not the phenomenon that is acceptable on the basis of its inevitability. In order to explore the There are various factors that have supported the evolution of the world as a global village. This section will cover arguments that are in favor of globalization, putting forward reasons that indicate that globalization is indeed an inevitable phenomenon (Beer, 2010).
The dominance of the capitalism is described by the Western Marxist theory. The notation that globalization is the reason for a paradigm change taking place in the global scenarios is due to the shift and internal momentum of capital. The capitals are also depicted as human, financial, technological, and economic dynamism. The autonomist Marxist however has elaborated the scheme of globalization in a relatively working class perspective to provide an alternative understanding (McLaren, & Jaramillo, 2010). The perspective of capitalism as the driving force for promoting globalism provides us the ability to understand it in relation to the effort to increase profits as a result of labor control. The view is also supported by the argument that it should also be viewed as an unnatural cause. The weather, climate, and natural resources are not the common reasons for the promotion of globalization. The capital is pursuing its way forward through globalization to control global resources and benefit from their usage in its own interest.
The position of the human capital market and labor conduct in determining social relations, the autonomist Marxist model is close in explaining the than mainstream Western Marxism to expression the capacity of labor to challenge corporate globalization. However it is also anticipated that the workplace organization is pacing itself in countering the challenges of globalization (Nissen, 2004).According to Ritzer and Atala (2010) globalization is a process unfolding in layers to the global community and it is fundamental dynamic is capital and the inclination of capital to major ascendance is transitional capital.
Veltmeyer (2008) states that the debate whether globalization can be avoided initiates the argument and as a result it is also observed that it is only a marketing world created by the large stakeholders of the capitalism. Taking this argument further provides some basis for the belief that organizations are gaining popularity across the world and human capital is feeding the corporations' way to gain increased profit by utilizing their abilities and developing a network of operations across the globe. The empirical evidence to support the idea of non-avoidance of globalization cannot be found and it is proving out to be the neoliberal strategy to feed the real purpose of promoting the agenda of globalization can be understood in term of an approach towards feeding the agenda of the capitalists (Martens, Akin, Maud, & Mohsin, 2010).
The global operations require a firm to operate in international markets through standard products and operating regulations however it is noticed that these organizations doesnot comply with the requirements of business ethics. The concepts of absolutism also refer to similar standards for business in all markets. The practice to follow different standards for all markets is not appreciated. The differences in standards are found in terms of moral and ethical values of a global business. The dual standards followed by a business in global markets refers to an example of pharmaceutical companies does not provide adequate information to consumers of developing countries while they provide detailed information to developed nations. The prescription of drugs is also changed according to the economic outlook of the market. The developing countries also pose a low check on the international business in order to provide those facilitating grounds for operation. The companies also take advantage of the economic situation in a market and exploit it for their advantage. The ethical standards in various business markets also differ according to the market outlook. The businesses in United Sates and United Kingdom do not encourage exchange of gifts. However in East Asian markets it is considered as a means to develop business relations. Hence a cultural constraint is also present in developing universal business practices. The ethical imperialism refers to right of people to decide about the issues of business conduct. The local conditions are also applicable for businesses however they should be aligned with the global business ethical practices. The large multinational organizations are often criticized for following a dual standard for business practices in developing and developed markets.
The global business requirements change in accordance with the expansion and business operations in various markets. The changes occurring through global business expansion is observed in terms of fair wages and working conditions. The contemporary business practices tend to introduce a socially viable relationship between management and employees. The ethical values of a business are also encouraged through a competitive consumer environment. The awareness carted through information technology requires a business to adopt high ethical standards through the global market. The ordinary employees are able to understand their limitations and requirements for positive working conditions. The globalization has also required business to increase transparency and as a result ethical audits are also introduced. It leads to a business values are followed in operations. The global business expansion requires a considerate amount of environmental ethics and corporate social responsibility programs are also required to operate in local as well as international markets. The cyber and IT related while collar crimes are increased due to an increase in globalization. It should also be tackled on legal and ethical grounds. The popular programs introduced through globalization of business operations also include a work life balance program and healthcare ethics followed in corporations (Beer, 2010).
Global Business Ethics:
The global business ethics and a standard followed throughout the corporation as a policy to develop ethical practices are advocated by the studyGeorge (2008). It is observed that business including large multinational corporations also use unfair means to secure business contractors, deploy unethical means to enhance their business performance, and secure licenses for operations. These practices are unethical in terms of widely acceptable business standards of developed nations. However a large amount of these unethical practices are followed in developing countries. The business incorporates bribery and other deviations…[continue]
"Ethics Must Be Global Not Local Ethics" (2013, June 22) Retrieved November 28, 2016, from http://www.paperdue.com/essay/ethics-must-be-global-not-local-98380
"Ethics Must Be Global Not Local Ethics" 22 June 2013. Web.28 November. 2016. <http://www.paperdue.com/essay/ethics-must-be-global-not-local-98380>
"Ethics Must Be Global Not Local Ethics", 22 June 2013, Accessed.28 November. 2016, http://www.paperdue.com/essay/ethics-must-be-global-not-local-98380
S.$36 million) for immediate expenditures; and redefining "priority sector" expenditures to include spending on security. For its part, the World Bank responded to Chad's renegging on its ageements in 2006 by suspending disbursement of $124 million in loans to Chad, and froze the country's $125 million in assets in the London-based Citibank escrow account (Zissis, 2006). In effect, the World Bank has ceased its involvement in Chad. However, the Chad oil
Global Warming: Why it is not the greatest fear of the industrializing world, why it is such a great fear for the industrialized world There is a threat that currently looms upon the horizon, in danger of choking the fragile health of the developing economies of the so-called Third World. This threat is not the so-called global warming phenomena. The long ranging environmental results of the build up of greenhouse gases
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
His team mates attest to the beating incident as unique and isolated and would rather not dwell in it. It also occurred because no sufficiently open relationship has been established between Victor and Tom, which could have avoided the aggressive act and Tom's insubordination. Nevertheless, Victor realizes his duty to remedy the situation and offers to indemnify Tom for the injury right the next day. Tom realizes his own
Ethics According to the dictionary definition, ethics refer to the "set of principles of right conduct, or more specifically, "the rules or standards governing the conduct of a person or the members of a profession." Ethics and morals are closely related, but ethics is the term more commonly used in the professional realm, whereas morals generally refer to guidelines for personal behavior. Both ethics and morals are reflections of beliefs and
There are also some words that are used, which do not translate into English such as privacy. This is because the cultural traditions of Russia do not understand such concepts, which makes translating certain ideas more challenging. (Richmond, 2009, pp. 109 -- 117) 1.3.1: Russian Russian is a Slavic language that has close ties to all of the different European languages including: English and German. This means that many of the
Conclusion Standing at the pivotal point of a changing world economy offers companies and business organizations new opportunities, but they must heed the lessons learned thus far, and make wise and pragmatic business decisions. These business choices are responsible for bringing about a stable world economy. Kemal Davis (2005) at the Financial Times and International Finance Corporation, summed it up this way: "Given the scale of the challenge we face, there has