Growth Opportunities
Discuss the challenges of values-based business decision making ethics in the current marketplace.
A values-based business decision is focusing on how ethical practices will influence the actions of the firm, their relationship with customers and its long-term impacts on the brand name. This can provide organizations with the tools they need to become more competitive and it enables clients to offer them with something more. In the future, this helps an organization to be able to stand out and offer stakeholders with something more. (Khanna, 2010) (McMurrian, 2006)
However, there are challenges associated with using this basic approach in the current marketplace. The most notable include: added costs and creating a congruent strategy. In the case of added costs, the use of this model has been shown to increase the amounts of training and time discussing why ethics are important to staff members and managers. The basic idea is to have these attitudes become a part of the organization itself. (Khanna, 2010) During the process, the expenses will continue to increase and productivity will decline while everyone is learning how and when to utilize these practices. This can hurt the competitive position of the organization. (Aslund, 2012) (Khanna, 2010)
Creating a congruent strategy is when everyone is working together to achieve the long-term goals of the organization itself. This means that staff members and managers must be embracing the same ideas and attitudes in the process. The challenge is that these issues can make the situation much worse. This is from certain groups of employees or supervisors being resistant to these new ideas. (Aslund, 2012) (Khanna, 2010)
When this happens, they may go along with the company's program. However, once they have completed everything, is the point they will revert back to their old attitudes in the process. Once this...
As everyone is continuing to embrace these ideas and will see others who are able to act differently. (Aslund, 2012)
Research all four markets that you can expand into and access the current social and political climate of each.
Four potential markets for expansion include: Brazil, Russia, China and the United States. Brazil is rapidly developing country, with tremendous amounts of natural resources. However, the current situation is one where there are high levels of corruption and vast social disparities exist. (McMurrian, 2006) At the same time, the political leadership is being challenged through a series of street protests against government spending and their inability to address issues impacting the poor. (Khanna, 2010)
In the case of Russia, it is becoming more authoritarian. This occurred after Vladimir Putin became President and has imposed a series of laws which are cracking down on political dissent. Socially, Russia is a divided society, with many different minorities and there are vast disparities between the wealthy and poor. These factors make it more difficult to do business in Russia. This is because the government could seize the assets of firms and will restrict their activities in the process. (Khanna, 2010)
As far as China is concerned, the country is experiencing tremendous amounts of growth. However, the Communist Party remains firmly in control of the government and will often engage in activities to restrict political dissent. At the same time, they will arrest anyone who is too vocal against their current policies. Socially, there are vast differences between the wealthy and poor. The government is trying to maintain some kind of balance by ensuring that sustainable growth continues. If this does not happen, there is a realistic possibility of some…
