...When it comes to globalization there can be pros and cons and even ethical issues that can arise. An ethical issues resulting from globalization are richer countries not helping or investing a lot more to fight epidemics like those of HIV and malaria, and allowing or supporting the sale of generic drugs in third world countries. Another ethical issue from globalization is putting our country in jeopardy by taking jobs and moving them overseas such as China for services more cheaply. The governments in these countries are desperate for these jobs and for foreign investors to help their growing economies. For these reasons many times the government restrictions are kept at a minimum. A bigger danger can arise when a US corporation sets up manufacturing operations in a third world country and due to the lower expectations or less stringent regulations, lower standards are practiced there. Payoffs and bribes and not respecting cultural differences can lead to ethical issues resulting from globalization. There are risks and consequences associated with global businesses such as operational risks. This is caused by the assets and financial capital that aid in the day-to-day business operations. Problems that can occur are breakdown of machineries, supply and demand of the resources and products, shortfall of the goods and services. Environmental risks such as air, water, and environmental pollution may affect the health of the citizens. Terrorism risks are important because these...
Words: 265 - Pages: 2
...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...
Words: 444 - Pages: 2
...Business Ethics and Globalization Jackie Steidl XMGT/216-Organizational Ethics and Social Responsibility January 11, 2013 Daniel Mitchell Business Ethics and Globalization Some of the more important ethical issues regarding globalization are understanding and complying with international laws, different ethical policies from country to country, child labor and bribes. Most of the ethical policies in each company of the U.S are very similar, especially when it comes to hiring employees. In the U.S., discrimination is not allowed or someone getting hired because they know someone that knows someone or they are family rather than being hired because of their qualifications. In Japan it is a different story, according to Trevino and Nelson 2011, Knowing an applicant or his or her family is considered an important ‘‘qualification,’’ and the hiring of family members is common and expected. For an American business owner in a foreign country, this would definitely be a cultural ethical problem. This leads to the next issue, which are bribes. In the U.S., bribes are considered illegal, but in other countries bribes are more of an everyday conduct. For example in Japan giving gifts is considered to be an important part of relationship building (Trevino & Nelson, 2011), but in the U.S. it is considered a bribe. Another area of concern is child labor. In the U.S there are laws that prohibit children working until they are a certain age which is usually between 14 and 16. Although...
Words: 363 - Pages: 2
...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...
Words: 405 - Pages: 2
...Is Globalization Good for Business? Angela Dye Critical Thinking and Decision Making in Business/PHL 320 11/16/2015 Mr. Mendoza Is Globalization Good for Business? Globalization is defined by Dictionary.com as, “the act of globalizing, or extending to other or all parts of the world” and “worldwide integration and development”. It is that, it is also much more than that. Globalization is inevitable, controversial, and has personally affected a multitude of people around the world. The Question So, is globalization good for business? First, let me define good. In this paper, when I use the word good, what I mean is: advantageous. Let us find our answer by exploring the effects it has had. Positive Effects The positive effects of globalization are numerous! (premise 1 conclusion 1) These include: lower production costs and more consumers to sell to, which equals more efficient markets and creates jobs. (premise 2 and conclusion 2) It has also improved the standard of living for many and provides mutual stability and security for countries and organizations that have partnered with each other. “(premise 3a)It allows the human race to push forward, which at this point we must recognize as a necessity of our species. (premise 3b and conclusion 3)Progress is written in our DNA, and globalization has allowed us to accomplish truly incredible things (the International Space Station being one of the most far-reaching).” (Gemma, 2014). Here’s...
Words: 815 - Pages: 4
...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...
Words: 347 - Pages: 2
...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...
Words: 395 - Pages: 2
...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...
Words: 283 - Pages: 2
...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...
Words: 272 - Pages: 2
...The Good Side of Globalization Christopher Schemers PHL/320 March 30,2015 John Preis Globalization in Business In the last twenty-five years, the world has seen a good side of globalization. For the last four of those twenty-five years, the business world has seen a bad side of globalization("Forbes.com", 2011). There is also an ugly side to globalization, and organizations hope and pray that they will never have to experience it. The ugly side of globalization being when nations and communities try to escape the brutal cycle of income and employment declines through coetaneous currency devaluations. Globalization is Good The Industrial Revolution began a rise of global inequalities causing a select amount of countries to experience a much rapider economic growth than the rest of the world. This growth gave a small handful of countries an advantage over the remainder of the business community, until the beginning of the globalization era("Worldbank.org/", 2014). Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its successor, the Internet. A phenomenon is now in effect, with some of the poorest countries having emerged and turned into global engines of growth. A globalized corporation offers a complex web of forces and elements that bring people, markets, and practices into an increasingly greater juxtaposition("Debate.org", 2015). The integration and interrelationships of indigenous and...
Words: 646 - Pages: 3
...Globalization is the process by which markets integrate worldwide. Globalization has advantages and its disadvantages. Two years ago, U.S. GDP was growing at a healthy 3.6 percent clip and world GDP growth was somewhat higher, led by China and India. However, over the past couple of quarters, world GDP growth has turned more sluggish, affecting even India and China, while the U.S. economy has significantly slowed and looks like it's going to slow further. Some may argue that buying cheaper products for Americans to buy is an advantage. That is due to the cheap labor that makes the product. The American workforce will have to compete with foreign workforces who are willing to work for less. By relocating some parts of international supply chains, globalization has been affecting the price of goods, job patterns, and wages almost everywhere. Over the past two years, unemployment inside the United States has risen from 4.6 to 6.1 percent. It is changing the structure of individual economies in ways that affect different groups within those countries differently. In the advanced economies, it is redistributing employment opportunities. As the richer get richer by investing in companies overseas, the poor get poorer, leading to financial problems. Countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who built up new businesses there. Building products overseas globally puts our business technologies at risk of being copied or stolen, which...
Words: 683 - Pages: 3
...Issue: Globalization as a Challenge for Business Responsibilities A Final Report of the Case Study Oguz Eren Southern States University Instructor Claudia Araiza Abstract The argument based on the growing corporate revelation (exposure) to social, cultural and political values in societies globally and also to regulate corporate behavior. It is discussed that corporate role are shifting with this changing towards a societal governance ruled over by traditional political actors. It guides to an argument of the results of a process for a responsible corporate role in globalised world. This analyse includes four different articles. The goal of this case is to figure out the results of the social and political mandate of the corporation. This study also contains transnational companies which are getting more powerful in affecting the political, social, and economic circumstances in their host families. Introduction What is the effects of globalization on business firms’ relations and responsibilities ? The goal of this case to figure out the results of the social and political mandate of the corparation. This study also contains transnational companies which is getting more powerful to affect the political, social and economic circumstances in their host families. Some cases assumed that internalization guide to conversion of business sensation of its role in society. Globalization is a process...
Words: 914 - Pages: 4
...UNIVERSIDAD AUTONOMA DE NUEVO LEÓN FACULTAD DE CONTADURÍA PÚBLICA Y ADMINISTRACIÓN CARRERA: NEGOCIOS INTERNACIONALES REVIEW OF GLOBALIZATION AND BUSINESS CULTURE M.N.I. JORGE EUGENIO RIOS GONZALES ALUMNO: JOCELYN NAYELY CASTILLO MARTINEZ GRUPO: 1BI SALÓN: 612 26 DE ENERO DEL 2016 GLOBALIZACION AND BUSSINESS CULTURE Basically this video shows us how we can be able to be successful in a business how to communicate with other people around the world, how to be intelligently on making new partner and how to run your own business. It shows how Japanese culture is successful with their own businesses, an idea they implemented was suggestion box for their employees, they got the chance to speak for them self and the head quarter listen to them and took notes on those suggestion to see what areas were needed to be improve. It is really good when a boss takes time to listen to and hear what time of ideas you have in mind, since basically the own employees are the ones that are down there making the job and are able to see much better what is going on. Also the Indian culture they are really dedicated to their work they’re the ones that can improve our technology base on their intelligence not saying that other culture can’t but they have been the leading culture on technology base on the video. They also work with really close friends and hang out with people of their own...
Words: 453 - Pages: 2
...Coca-Cola: International Business Strategy For Globalization Dr. Michael Ba Banutu-Gomez, Professor, Management and Entrepreneurship, William G. Rohrer College of Business Rowan University, Glassboro, NJ ABSTRACT The purpose of this research was to analyze the efficiency of global strategies. This paper identified six key strategies necessary for firms to be successful when expanding globally. These strategies include differentiation, marketing, distribution, collaborative strategies, labor and management strategies, and diversification. Within this analysis, we chose to focus on the Coca-Cola Company because they have proven successful in their international operations and are one of the most recognized brands in the world. We performed an in-depth review of how effectively or ineffectively Coca-Cola has used each of the six strategies. The paper focused on Coca-Cola's operations in the United States, China, Belarus, Peru, and Morocco. The author used electronic journals from the various countries to determine how effective Coca-Cola was in these countries. The paper revealed that Coca-Cola was very successful in implementing strategies regardless of the country. However, the author learned that CocaCola did not effectively utilize all of the strategies in each country. Key Words: Coca-Cola, International Business, Strategy, Globalization, International Marketing, Labor Relations, Distribution, Diversification, Management, Channels, Costs, Gains and Collaboration. INTRODUCTION...
Words: 9970 - Pages: 40
...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...
Words: 275 - Pages: 2
