Monday, May 18, 2020

Business Ethics and Global Economy - 10535 Words

6433ch10.qxd_lb 10/19/06 10:43 AM Page 260 CHAPTER OBJECTIVES ââ€"† CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World Trade Organization To understand the role of culture as a factor in business ethics To discuss cultural relativism and global business ethics To explore global values To assess the role of multinational corporations in business ethics To†¦show more content†¦However, late one afternoon Sid and a few others provided the proper forms, and Ron signed them without realizing what he had done. Several months passed and the three survivors had resorted to lowering their expenses by using their own funds. This in turn led to Sid churning some of his accounts; that is, he bought and sold stocks for the express purpose of increasing his own revenues. Churning was tolerated in Japan, along with other practices that would be deemed questionable in the United States. Ron was oblivious to what Sid was doing because his focus was on reducing expenses. In the previous month, a group of important DR clients had thrown a party for a few of their favorite brokers at one of their local haunts. After the customary toasts and small talk, it was suggested to Sid that a Japanese cartel might be interested in DR. Sid was cautious and nothing else was mentioned. Several weeks later at another party, Sid and the two remaining DR people were told that a takeover was imminent. But to make the takeover painless, the cartel needed certain sensitive 6433ch10.qxd_lb 10/19/06 10:43 AM Page 262 262 PART 4 ââ€"† IMPLEMENTING BUSINESS ETHICS IN A GLOBAL ECONOMY information. Sid’s reward for providing it would be a high position in the new, reorganized company and a â€Å"wink/nod† agreement that he could go anywhere in the world for his next assignment. That week Ron had announced that headquarters was pleased with the productivity of theShow MoreRelatedEthical Principles Of The Word Ethics1464 Words   |  6 PagesThe Cambridge Dictionary of Philosophy states that the word ethics is commonly used interchangeably with morality ... and sometimes it is used more narrowly to mean the moral principles of a particular tradition, group or individual (Deigh, 1995). Since we were kids and we began to realize what was around us, our parents and grandparents have taught us the basic knowledge of what is good and what is bad. It is indeed an inherent characteristic of all human being and grows from our desires toRead MoreDiscuss the Importance of Ethics in Business in Light of the Recent Global Financial Crisis (Gfc)1119 Words   |  5 PagesThe 2008 global financial crisis has affected today’s economy severely based on the collapses on issues such as immoral practices, governance, regulations, enterprise ethics. Factors to consider with the collapse that lead to the financial crisis is the dangerous outcomes that financial companies were not foreseen in advanced of borrowing mortgages for the companies. The change of ethics through enterprises demonstrate how business approaches to ethics over the past years where ethics is seen inRead MoreGlobal Crossing Management1100 Words   |  5 PagesGlobal Crossing Management 1 Global Crossing Management Mary Adams MGT/330 April 6, 2010 Global Crossing Management 2 Global Crossing Management Global Crossing was founded in 1997 by Gary Winnick. They reported $3.8 billion in revenue and $1.9 billion in losses in 2000. Global Crossing is a leading global IP solutions provider. Global Crossing has developed theRead MoreBook Report On Ethical Decision Making830 Words   |  4 Pages Ethics Hamed Alanazi Book Report Ethical decision-making 10th edition â€Æ' Ethics The book I chose is â€Å"Business ethics: Ethical decision-making† 10th edition is written by O. C. Ferrell, John Fraedrich, Ferrell. It was published by Cengage Learning in 2014. This book consists of almost 340 pages and five parts. According to Amazon this book is among top seller. Something extraordinary about this book is that, this book highlight several cases related to the business ethics that help the readerRead MoreEssay about Ethics in International Business1657 Words   |  7 Pages Ethics in International Business Abstract International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethicsRead MoreThe Law For Global Business1014 Words   |  5 PagesEthic Issue Paper MBA511 Law for Global Business Instructor: Robert Richards Student: Yan Gao November 10 , 2014 â€Æ' I. Question: Do multi-national corporations (MNE s) have a social and ethical responsibility beyond the legal requirements of trying to maximize stockholder value (making profits), adhering to contracts, and obeying the laws of the different countries where they operate? The rapid development of economy promotes the development of multinational companies, which have becomeRead MoreWal-Marts Values1574 Words   |  7 PagesExploring the World Wide Web -Go to Wal-Mart’s web site www.walmart.com and read the information there about the company’s stance on the ethics of Global Outsourcing and the treatment of workers in countries abroad. Then search the Web for some recent stories about Wal-Mart’s global purchasing practices and reports on the enforcement of its code of conduct. I. â€Å"Brief† Summary of the exercise Wal-Mart was founded back in 1962 by Sam Walton who instilled values and the three basic beliefs thatRead MoreCorporate Social Responsibility Of The Enron Corporation1124 Words   |  5 Pagesand lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good. Oddly enough, Enron had a CSR strategy with a very good reputationRead MoreThe Industry Environment : Walmart s Competitiveness1616 Words   |  7 Pageslittle threats to Walmart but not necessary to take them so seriously. For threat of substitute products or services, the influence is in the high level on this industry. The prices and quality of substitute products are very competitive with their economies of scale. The retailers can only gain advantages in services. Walmart should not worry about the issues but still need to develop their services. And here, we should pay more attention to the products which are sold by online retailers. These substituteRead MoreImpact Of Human Decisions On The Social Responsibility899 Words   |  4 Pagessocial corporate responsibility context through the various decisions made by business personnel based on their ethical values which directly or indirectly affect their employees and other people in the society as well. People’s decisions are often based on their moral perceptions of things. These perceptions are often sculptured by their diverse cultural backgrounds thereby bringing varying moral perceptions of global issues. In corporate social responsibility, the social concept of morality can

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.