...Check Point: Business Ethics and Globalization Organizational Ethics and Social Responsibility July 12, 2013 Karen Heyse Globalization by definition is “the state of being globalized especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets”. In knowing the definition of globalization it is there are many things that could be unethically incorrect in regards to globalization. First and foremost in regards to turning to a foreign country to be able to obtain cheaper labor can be a huge concern with globalization. The treatment of these foreign workers can be at times, less than human. Poor working conditions and poor working wages coupled with a work force that is considered corrupt at times makes for a very hostile work environment for the foreign labor force. Within the United States that are Child Labor Laws in place to protect young children from being forced into a work situation that could be considered unsafe as well as protects these children in making sure they are working a reasonable amount of hours, depending on the occupation. While in the United States these labor laws are in place, in other foreign countries they may not. Another ethical issue that can arise when taking a business global is the breakdown of the authority within the business. Is the chain on command being followed in the manner it should be. Is everyone aware...
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...Business Ethics and Globalization February 27, 2013 XMGT 216 Susan Ferguson Business Ethics and Globalization It is very common for a business to expand globally due to competition within the domestic market and transfer employees to different countries to carry this out. In addition, this can run a high chance for ethical risks and consequences due to the difference of environments, cultures, laws, customs, along with numerous other aspects that are different from country to country. Furthermore, “because of the diversity between countries, actions that may be illegal or unethical in some countries may be acceptable behavior in others. Thus, people tend to act “unethically” because each individual is a product of his or her culture, up bringing, training and various other influences.” (Panda, 2007) Additionally, this is why a variety of ethical issues can arise due to globalization. For example, an ethical issue that could arise from globalization is an American manager gets transferred overseas where the laws and regulations for working conditions are different and his employees are put in poor working environments. Although it is unethical to him as an American it is the norm where he is now located. Another ethical issue that could arise is child labor laws might not exist or be very different from here in America and where the manager is now located children are allowed to work at a very young age. Also, a manager...
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...Business Ethics and Globalization Today's global business world requires companies to take into account its peoples values and to follow through with ethically sound practices. Companies form their organizational values in light of what its employees' value. From a company's organizational values comes a universal code of conduct which is tried and revised until it results in successfully resolving situations demonstrating solid ethics. Implementing Values and Ethics in Globalized Business Today's business world is much different from the business world of the early years in our country as well as the world. In the early years, little regard was given for employees: children worked long hours, women worked in unsafe conditions and the like. Today however, the world can see a drastic change: children under 18 years old can only work so many hours a week, there are health and safety codes in every company. And these are just the tip of the iceberg of pro-employee changes that have happened over the last 100 years. People use words like values and ethics to describe the policies and the actions of companies in how they treat their employees, especially globally. Personal values, just like cultural values, need to be considered when a company is forming its policies. Personal values are linked closely to cultural values and need to be viewed as such by a company. Generally, if a company is compliant with its employees' cultural values, so also it will be with its...
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...Checkpoint: Business Ethics and Globalization Anna Newton XMGT/216 11/29/2013 Lisa Henry * Describe at least three ethical issues resulting from globalization. * Explain the ethical risks and consequences associated with global business. First we need to take a look at what globalization is before we can dive into what the ethical issues surrounding it is. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world (http://www.globalization101.org/what-is-globalization). One ethical issue that can arise is discrimination of woman. For example, some countries do not see woman equal, so those countries may not want to negotiate or trade with companies from another country who has a woman in a management position. Another ethical issue is the unfair treatment of workers. Some countries do not treat their employees as fair as others. Some make their employees work in extreme heat with no breaks and some even have underage minors working for them. Another ethical issue is language barriers. Language barriers can affect trade by setting limitations because not everyone speaks the same language. This can cause problems and ethical issues...
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...Business globalization can be both exciting and challenging. One must study the country and its culture to better understand what is expected from the manager. In our textbook it says that learning the country’s customs and language is an important step to being able to better communicate with the local business people. I think that learning the language is a good way to show the people you are going to be working with that you are serious about what you are trying to accomplish. Learning about the customs will help you to understand better the people you are working with. This will also help you to try not to make any offending gestures or remarks. Some ethical issues from globalization are workplace conditions, workers’ rights and respect for local customs and cultures. A manager coming from America is most likely to be offended when they see how some people have to work. As Americans we are used to working conditions that are favorable and geared to the employee’s comfort. In other countries this is not the case. The workers in other countries are not always protected by their civil rights, and may not even know what civil rights are. This is where local customs and culture come in. It is better for a manager to study the customs and culture of the country they are going to be living in so they are not surprised or caught off guard. This also includes the spouse and family of the manager. If the spouse and family are educated on the county and their customs and culture, it...
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...Business Ethics and Globalization Checkpoint Robbie Cartwright Organizational Ethics and Social Responsibility XMGT/216 February 24, 2012 Jeoffrey Bispham Business Ethics and Globalization Checkpoint The globalization of business has presented various ethical issues. For example, there is more interaction between the people from different cultural backgrounds. In addition, the need for adequate support and cross-cultural training with clear guidance about goals and expectations associated with the overseas jobs is vital to the success of the expatriate manager (Trevino, 2007). Ethical issues, such as dealing with payoffs and bribes, child labor, or worker safety can be different in other countries. The expatriate manager or employee must be trained in the workings of the cultural and governmental beliefs and laws. Child labor may be an ethical issue in America, but is allowed in another country. At the same time, business negotiations based upon bribes and gifts might be allowed and encouraged in yet another country. The manager must understand and recognize that perceived similarity can cause failure because of the lack of preparation for the cultural differences (Trevino, 2007). Being familiar with the culture and the study of the target country’s governmental structure can enable the expatriate manager’s development of effective ethical codes and guidelines. References Trevino, L. &. (2007). Managing for Ethical Conduct in a Global Business Environment...
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...Business Ethics and Globalization Business globalization can be both exciting and challenging. One must study the country and its culture to better understand what is expected from the manager. In our textbook it says that learning the country’s customs and language is an important step to being able to better communicate with the local business people. I think that learning the language is a good way to show the people you are going to be working with that you are serious about what you are trying to accomplish. Learning about the customs will help you to understand better the people you are working with. This will also help you to try not to make any offending gestures or remarks. Some ethical issues from globalization are workplace conditions, workers rights and respect for local customs and cultures. A manager coming from America is most likely to be offended when they see how some people have to work. As Americans we are used to working conditions that are favorable and geared to the employee’s comfort. In other countries this is not the case. The workers in other countries are not always protected by their civil rights, and may not even know what civil rights are. This is where local customs and culture come in. It is better for a manager to study the customs and culture of the country they are going to be living in so they are not surprised or caught off guard. This also includes the spouse and family of the manager. If the spouse and family are educated on the county...
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...Globalization Effects on Culture, Business Ethics, and Leadership: A Managerial View Introduction The world’s economy has developed and changed dramatically throughout the years and continues to do so. We are quickly moving away from a world where each country’s economy is isolated and more towards a world with an interdependent global economic system. This interdependent global economic system is commonly referred to as globalization (Saee 2005). The book written by John Saee, Managing Organizations in a Global Economy: An Intercultural Perspective, suggests that the growth of global trade, cross-border investments, mass migration, large-scale tourism, and much more has turned the world into more of a “global village” (Saee 2005). While globalization has effected nearly every aspect of human civilization, it has created some very serious concerns for managers whose organizations and firms already are or are planning to be involved in business transactions that take place outside of their domestic environment. If companies and corporations want to be successful in today’s economy, then it is important for managers to have a thorough knowledge and understanding of different types of cultures, business ethics, and ways of leadership, and the implications that these differences will have on their businesses. In this paper, we will discuss the effects that globalization has had on managers with respect to culture, business ethics, and leadership. Culture Globalization...
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...company's stock. Due to information asymmetry. The executive can accelerate accounting of expected expenses, delay accounting of expected revenue, engage in off balance sheet transactions to make the company's profitability appear temporarily poorer, or simply promote and report severely conservative estimates of future earnings. And this phenomenon of accounting scandal exist in contemporary society. The integrity of the accounting profession and the credibility of financial information provided by businesses have been undermined by scandals. Accounting and business education should pay more attention to the ethical to prevent accounting scandals. And they should not be focused on the teaching of accounting techniques. Neoliberal ideology is a political movement beginning in the 1960s that blends traditional liberal concerns for social justice with an emphasis on economic growth. And it is similar to globalization. Globalization includes three elements that are difficult decreasing, quick response to alterations, and multilateral trade liberalization. And accounting professional contains individual professional judgment and professional self-regulation. Globalisation brings many benefits but also a number of problems, for instance, low price labour used by multinationals that Increasing wages for highly-skilled workers and reducing wages for less-skilled workers obviously leads to greater inequality. Neoliberalism has also been unable to address growing levels of global inequality...
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...Considerations about business ethics are derived from the desire for the application of basic moral codes in the conduct of the different aspects of business. As such, the relationship between business ethics and globalization refers to the manner in which the concept of globalization and its application to business operations can benefit from the practice of proper business ethics. Since the growth of globalization has led to a rise in the branching out of companies into various counties in the world, ethical business standards help ensure that such operations are rooted in integrity and applicable values. The challenge in the subject of business ethics and globalization is derived from the fact that while some basic moral codes are understood to be universal, some of the specific ethical standards are dictated by the environment, making it essential for companies to understand their market and the ethical requirements that may be unique to that area. Business ethics and globalization are firmly rooted in the concept of diversity among people and practices as well as the fact that such diversity need not be an impediment since it can be channeled by the company in question into a source of competitive advantage. As such, companies that diversify into other countries and cultures must necessarily develop a master plan that is aimed toward providing a general framework establishing the ethical views of the company and integrating it into the culture of the corporation. This...
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...Executive Summary The new version of globalization sees the trans- and multinational companies being the major players guided by the policies and treaties of the oversight international organizations and supported by technology. Given that the focus continues to be cross border trade, integration and investment, in the absence of any communal decision making process with defined criteria, it has been clear that globalization continues to be challenged with respect to ethical decision making for sustainable development. This paper summarizes the role and function of the major globalization oversight organizations and touches on the extent of the power that they wield. It briefly discusses the advantages and disadvantages of globalization and attempts to identify the goals of globalization and given these goals and the identification of the stakeholders and subsequently to evaluate whether or not it is a driver or barrier to ethical decision making and sustainable development. ‘Ethics is more than the right thing to do: it's the smart thing to do.’ Global Institute of Ethics 1.0 Introduction It appears to be no easy feat to get a precise definition for Globalization. The definition can range from that of Nobel prize-winning economist Joseph Stiglitz who defined it as “the closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication...
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...employee related. The main part f their job is focused on the employees. The functions of an HR Professional are to make sure that all employees are treated fairly and equitably and that the needs of the business are balanced against the needs of the employees (Adamson, 2009). The roles and responsibilities of the HR department are crucial to the company’s success. This department must be resilient and adaptable because the business world is constantly changing in regard to globalization, technology, diversity, e-business, and ethics. Globalization Globalization is occurring more frequently these days than in the past and has a major impact on human resources management (HRM). When a business goes global, they need to consider these important factors: employment laws, culture, terminology, and corporate social responsibility ("How globalization effects," 2011). The HR managers are recruiting and selecting from around the world, not just nationally. Other challenges that HR managers must face are managing a diverse workforce, managing pressures for more labor rights in third world countries, managing outsourcing of employees, more part-time temporary work, managing productivity and quality, downsizing the workforce, and coping with flexible working hours (“How globalization effects,” 2011). Technology Technology is constantly changing, and it is very important to keep it current. Technology has made it easier for businesses to manage HR functions. Today, core HR responsibilities...
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...Section 1: Introducing business ethics. Key idea: Globalization, defined as deterritorialization of economic activities, can be seen as a key context for business ethics. The effect of this is that the more business become global, the more it has to cope with regions and countries where ethical values are vastly different, p. 17, 19, 24, learning outcome 1, 2. Question 1: In which of the following areas is it not evident that deterritorialization is particularly relevant to business ethics? 1. Legal issues 2. Cultural issues 3. Personal issues 4. Accountability issues Question 2: Globalization can be seen to affect all stakeholders of the corporation. Mention four of these, explain how they are affected and provide an example. * Shareholders: globalization provides potential for both profitability and greater risks. * Consumers: global products provide social benefits to consumers, but could also meet protests. * Government and regulation: globalization weakens governments and increase corporate responsibility. * Employees: globalization provides job through outsourcing of the production, but can also raise potential for exploitation of employees through bad working conditions. * Civil society: global business activity brings the company in direct interaction with local communities, thereby raising the possibility for erosion of traditional community life. * Suppliers and competitors: Suppliers in developing countries face regulation...
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...The four functions of management are planning, organizing, leading and controlling. First, planning helps a company accomplish strategic goals. Second, organizing makes a company or business more productive. Third, leading includes communicating and encouraging employees and getting to know them on an interpersonal level. Fourth, controlling is used to change an organization and help it grow. All four functions are essential to management and can be influenced by internal and external factors. Internal factors consist of culture, employee relation, rules and other things within the business. External factors consist of competitors, customers, and laws outside the company. Globalization, technology, innovation, diversity and ethics are crucial in every part of management. In this paper, I will explain how the four functions and internal and external factors affect Apple. I will also give a concrete example of how the four functions are influenced by globalization, technology, innovation, diversity, and ethics. Globalization is an external factor because it consists of things outside of the business walls. Globalization connects businesses around the world (Dictionary.com). Globalization allows businesses of any kind or size here in the United States to connect with the foreign business. Globalization changes the way managers plan. They now must consider a global market to get the best and cheapest product for their company instead of only having domestic opportunities. Apple Inc...
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...management, strategic policymaking, ethics and corruption are taking a front line. The concepts of rational administration, accountability, planning, control, budgeting and financial management are major factors in the future of Canada and some believe privatization of the government’s delivery of services will improve these crucial aspects of government. Some public service organizations have already attempted to make privatization the major method of handling certain tasks such as building maintenance, methods of transportation and administrative work. A well managed public sector will ensure Canada functions at peak efficiency and this is the goal of the public service. This paper will discuss what may happen in public management within Canada in the future and why a global capitalist society is largely the basis for the transition we are seeing today. Globalization is a factor in the new millennium that must be included in almost any discussion concerning the future. At the click of a finger, a businessman making financial transactions in Toronto can transfer dollars to any country where he is doing business. Globalization has allowed for cheaper and faster transfers of speculative portfolio investment. Since the late 1970s and early 1980s, globalization has been pushed by the countries dominant in the world’s major economic and political circles. As some would claim, not to globalize is to be marginalized in the world community. Globalization, as commonly discussed, refers...
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