Business Ethics And Globalization : Business Essay

Business Ethics And Globalization : Business Essay

Length: 1135 words (3.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Business Ethics and Globalization
In recent years many policy makers, business executives, and economists have argued for the necessity of global business in promoting economic development and reducing world poverty. "Multinational corporations, the world trade organization, the G8 summit and various international financial institutions are supposed to advance free trade and promote economic development for the people of various participating countries, including those who are less developed" (Ho, 2004)
In a number of different ways the increased globalization of the economies of the United States, Western Europe, and Japan is making business practices more uniform. The structure and organization of firms, manufacturing technologies, the social organization of production, customer relations, product development, and marketing are all becoming increasingly similar throughout the advanced industrial economies. “One might logically think that a similar trend would be taking place with respect to the principles and practices of business ethics, however this is not the case” (Vogel, 1992).
Despite the advances made in the way the world conducts business, business ethics has not yet globalized; the norms of ethical behavior continue to vary widely from country to the next. During the last decade, highly publicized incidents of misconduct on the part of business managers have occurred in virtually every major industrial economy of the world, as well as nearly every industrial nation in the world.
Globalization will continue to be a challenge to business ethics because globalization reduces the amount of discretion that both individuals and business organizations have in making business decisions. Globalization also brings increased compe...


... middle of paper ...


...aspects of management course. The authors found that after the students took that course "there was a statistically significant change in perceptions that suggest that knowledge of the law can prompt managers to become more legally compliant and more socially responsible" (Bagley, Clarkson, & Power, 2010)
Similarly, the authors of Ethic Perception: Does Teaching Make a Difference found in a study of three hundred and forty undergraduate business students that learning in ethical judgement will lead the students to more ethical intentions (Nguyen, Basuray, Smith, Kopka, & McCulloh, 2008).
These findings suggest that students should be required to attend an ethics course as part of a business curriculum, that way when presented with real life situations of ethical ambiguity the students will be better equipped to make the correct choice.
Business Ethics Implementation

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Globalization Of Business Ethics Essays

- “The more one knows ethics, the more it is used and the more useful it becomes”-Plato, The quote by Plato is a reminder on just how important ethics is and how important it is to educate yourself on proper ethical practices. In the following paper I would like to look at the topic of global business ethics. Recent studies in business ethics have shown both remarkable similarities and differences across cultures with respect to attitudes toward questionable business practices. First I would like to talk about the affect that culture has on ethical behavior....   [tags: Business Ethics]

Better Essays
1849 words (5.3 pages)

The Ethical Issues Of The Global Business Environment Essays

- The global business environment, through its social and financial differing qualities, regularly puts the head of international organizations in an incredible ethical tight spots as it produces a vast assortment of moral and ethical issues. On a short term, discovering an answer and regarding the authoritative standards of business morals could create an added pressure to the business operations and, in this manner, a declining of proficiency. On the other hand on the long term, with correct policy and procedures in place a big portion of conflicting issues can be avoided and prevented....   [tags: Ethics, Morality, Business ethics, Globalization]

Better Essays
840 words (2.4 pages)

Ethics of Outsourcing Essay

- Ethics of Outsourcing What is ethics and how is it related to today's world of business. Merriam-Webster's Online Dictionary defines ethics as "the discipline dealing with what is good and bad with moral duty and obligation." In today's globalized society, it seems as though monetary profits are valued higher than making ethical decisions. Outsourcing has become an unavoidable result of globalization. From General Motors to IBM, we can experience the effect of outsourcing in many different sectors of our lives....   [tags: Business Ethics, Globalization]

Better Essays
1494 words (4.3 pages)

The Positive Aspects Of Management Essay

- Management being the art of getting things done through the efforts of other people is a global motto in which every organization is intended to wave. Management differs from organization, countries; each and every one applies management in regard to his ethics, culture, and style. Therefore it is not the same everywhere, but for an organization to grow and expand it has to associate with others and this can sometimes have good and bad sides we will examine in the following paragraphs. One of the positive aspects of management in the globalization of business can be seen in the fair trade taking place between nations....   [tags: Management, Business ethics, Globalization]

Better Essays
804 words (2.3 pages)

Essay on Outsourcing: A Utilitarian Approach to An Ethical Issue

- An ethical business problem arises in case of outsourcing. The decision making framework can be used to explore the dilemma and to develop a course of action in order to resolve this problem by using the utilitarian approach and ensuring that the maximum number people are helped or favored by the decision. Utilitarianism has had great popularity in American and Western culture mainly because it focuses on the welfare of the masses than the benefit of an individual. It looks at the benefit to the society in general....   [tags: Business Ethics, Globalization]

Better Essays
1540 words (4.4 pages)

Case studies in Corporate Social Responsibility and the Practice of Outsourcing

- Despite becoming more common (Pries-Heje, Baskerville, & Galina, 2005), the practice of outsourcing is often reacted to with knee-jerk negativity. It is construed to take away jobs, and drain a local economy of the business created by the multiplier effect. In the United States, more than 8 million manufacturing jobs have been outsourced since the 1970s (Spoerri, 2012). Other concerns are: loss of management control, hidden costs, threat to proprietary security and confidentiality, lack of quality assurance, being tied to the fortunes of another company, and bad publicity should things go wrong (Bucki, N.D.)....   [tags: Business Ethics, Globalization]

Better Essays
1144 words (3.3 pages)

The Strengths, Limitations and Challenges of Corporate Social Responsibility in the Global Supply Chains

- Making profit is no longer an important issue in the current market. Rather, ethics in business are becoming highly important for domestic and global companies to meet the expectations of consumers, employees, Non-governmental organizations and other interest groups. As a result to these developments, companies are in competition to adopt good codes of conducts called (CSR) corporate social responsibility which tells consumers and other pressuring groups that a corporate has a good standard of social and environmental system as well as the health and safety procedures (Peterson and Anderson 2006)....   [tags: ethics in business, globalization]

Better Essays
1262 words (3.6 pages)

Impact Of Globalization On Business Environment Essay

- The impact of management in the globalization of business has been a very interesting topic worldwide especially when it involved today 's management. The Wikipedia defines Globalization as a system of an international collaboration of two different places that exchanges products, services, ideas & cultures. Line 1-2 Title (Globalization) Internet Site: https://en.wikipedia.org/wiki/Globalization. For managers in this fast changing business climate globalization is not only essential to the very existence of their business but it sustains the very structure of all economies....   [tags: Management, Business ethics, Ethics, Culture]

Better Essays
889 words (2.5 pages)

Essay on Business Ethics And The Ramifications Of Principles

- The following will revel Business ethics and the ramifications of principles, problems and training. To have business ethics means to have a system of rules based off moral principles set by an organization or individual, separating what is right and wrong. It involves applying general ethical principles and standards for business activities, behavior and decisions. Ethics in the business world are important because they help develop the customer and employee relations. In recent years, business ethics has become crucial in the success for companies specifically in the clothing and food industry....   [tags: Business ethics, Ethics, Morality, Applied ethics]

Better Essays
907 words (2.6 pages)

Globalization Is A Process As Old As Civilization Essay

- Globalization is a process as old as civilization. Globalization possibly began 100,000 years ago when humans began to migrate. It has been in full effect since The Silk Road of 206 AD where a collection of trade routes connected the markets of Asia with Arabia, the Mediterranean, and eastern Africa. These trade routes were a significant factor in the development of the civilizations of China, the Indian subcontinent, Persia, Europe and Arabia, much in the same way globalization is believed to have spurred the growth of many countries today....   [tags: Ethics, Business ethics]

Better Essays
1880 words (5.4 pages)