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¶ … divergent decisions when it comes to acting according to business ethics. For instance, if on maintains that ethics are universal then he or she would make the same decision not taking into account the particularities of the culture that is affected by the decision. If a particular type of action is wrong in one place then it is wrong everywhere; therefore, rendering such a decision inappropriate regardless of where the decision is to be implemented.
On the other hand, somebody who subscribes to moral relativism will feel as though he or she should not interfere in the indigenous practices of the culture because it would be a form of cultural imperialism for the business manager to impose his or her ethical will, which is a reflection of the agent's own cultural background and prejudices, which he or she has been socialized to possess according to his own unique background, which differs from the society in question. However, when the developing country lacks the same moral codes as...
Therefore, cultural relativism can act as a pretense for ignoring what appear to be blatant ethical and moral violations simply because the native country fails to enforce such standards, and it would be a form of cultural imperialism for the business manager to insist upon the country adopting the ethics and morals of his or her more 'advanced' society. Various countries are at different developmental levels. Some of these countries, which are poor by international standards, have an incentive to attract industry. In doing so, they might make environmental concessions, for instance; or they might attempt to attract industry by not protecting the…
Corporate Social Responsibility Business Corporate social responsibility Corporate social responsibility involves a set of principles promoting the idea that business in general should be directed at assisting social progress through putting across ethical attitudes. Ethics has come to play an important role in the business environment in recent years and this influenced many to get actively engaged in considering this concept whenever doing business. Corporate social responsibility is meant to influence individuals
Social Responsibility Corporate social responsibility Companies are facing increasing pressure from investors, consumers, and the society. For investors, they are required to increase profits while consumers and the society require them to be socially responsible. Scholars have studied corporate social responsibility for years and over the years, they have documented their findings concerning social responsibilities of corporations. Over the years, consumers have built the typology of unresponsive to highly responsive purchasing in
Social responsibility is subject of considerable debate. For not-for-profit organizations, their responsibility is defined by their mandate. Their donors set this mandate, or at least they accept it. It is actually not much different in for-profit entities, except that the general perception is that earning profit is not socially responsible, whereas the activities of not-for-profit entities are generally considered to be socially responsible. For a for-profit entity, there are two schools
Business Society and Corporate Values There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part
Ethics and Social Responsibility General Motors General Motors (commonly known as GM) is an American multinational automobile manufacturer. It is the world's largest corporation in the automotive industry with respect to unit sales. GM is headquartered in Michigan, United States and operates with fully-owned subsidiaries as well as joint ventures in 157 countries of the world. The manufacturing units are being operated in 31 countries. It employs more than 202,000 people who
However, it's a social factor and the chance for the issue draw closer devotion on cooperation in that stipulation the chap by no means fall the twenty dollar invoice and making ethical decision is not even needed in this situation. In addition, the system of principles approaches in beneath our communal issue. Formerly the chance factor has been bringing in as an individual in an employment place the surroundings that