Actual Trends in Theory and in Practice of the International Business Ethics Gabriela Dubcová* ABSTRACT The ethics triangle: national law, culture and political economic system. Key factors of current ethics issues in an international environment. The most visible changes in environment dimensions. Principles of international business ethics. Current ethics challenges in international environment. Common issues of the international business ethics. Comparison of ethical standards in different cultures
Words: 5135 - Pages: 21
Types of exchange rate systems (i.e. pegged exchange rate, etc.) International monetary system: refers to the institutional arrangements that countries adopt to govern exchange rates. Floating exchange rate System: exists when a country allows the foreign exchange market to determine the relative value of a currency. Pegged Exchange rate System: exists when a country fixes the value of its currency relative to a reference currency. Fixed exchange rate system: exists when countries fix
Words: 1461 - Pages: 6
1. Diversification strategy (Scenario) Definition and Example: Specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. Diversification strategy is expected to help firm earn above-average returns while profit came from different sources of market. Perhaps is also should increase firm overall performance. Value ultimately determined by degree to which the businesses in the portfolio
Words: 3697 - Pages: 15
and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizations, including service firms such as banks and hospitals, have a production function. True (What is operations management? moderate) 4. Operations management is the set of activities that create value in the form of goods and services
Words: 18670 - Pages: 75
PART 1 Introduction CHAPTER 1 Introduction to Global Marketing Case 1-1 The Global Marketplace Is Also Local onsider the following proposition: We live in a global marketplace. McDonald’s restaurants, Sony digital TVs, LEGO toys, Swatch watches, Burberry trench coats, and Caterpillar earthmoving equipment are found practically everywhere on the planet. Global companies are fierce rivals in key markets. For example, American auto industry giants General Motors and Ford are locked in
Words: 23905 - Pages: 96
Theme: International standards and principles on business and human rights Outline 1. UN Global Compact 2. Guiding Principles on Business and Human Rights At first sight, it is difficult to trace the connection between human rights and business. However, nowadays the proximity of these concepts has been developing rapidly and ceases to amaze. For many influential companies this direction has already become a mainstream. Companies can achieve real progress in observing human rights and
Words: 3295 - Pages: 14
Management Principles Developing Sensitivity Across Cultures ! In her article „Developing Sensitivity Across Cultures,“ published in November 11, 2012, Sonia Kolesnikov-Jessop interviews Gilbert Ghostine, who has been a president of Diageo Asia Pacific, a maker of alcoholic beverages, since 2009. He was formerly managing director, Northern Europe, and president, US major markets and held various senior managerial positions in Africa, Asia, Europe and the United States. With 12 questions Ghostine
Words: 699 - Pages: 3
their business anywhere in the world, which produce numerous effects on management such as how management localization, global coordination, managing global talent and global performance management. To develop and manage a global organization implies developing and managing people who can think, lead, and act from a global perspective, managers would be able to face at different challenges, like different cultures, new global work force trends, ethics and social responsibility managing global talent
Words: 1420 - Pages: 6
Czech Republic. Both investments promise the same long-run return, so your choice is driven by risk considerations. Assess the various risks of doing business in each of these nations. Which investment would you favor and why? ANSWER 5: When assessing the risks of investment, one should consider the political, economic, and legal risks of doing business in both Russia and the Czech Republic. The political risk in Russia is still high but it is undergoing continual governmental changes under Putin’s
Words: 1435 - Pages: 6
Unit 4 Mattel’s China Experience Case Study Analysis MT460 Management Policy and Strategy Professor: Dr. Margery Mayer Date: June 18, 2011 In 1944, based in California, Ruth and Elliot Handler founded Mattel after World War II. In the 1950’s, Mattel start advertising on Mickey Mouse Club with their core product being Barbie. Barbie was named after their daughter Barbara’s nickname. In the 1960, Mattel became publicly owned and in 1965, their sales top $100 million the company now
Words: 862 - Pages: 4
