Essay on Business Ethics and the Global Dimensions of Business

Essay on Business Ethics and the Global Dimensions of Business

Length: 1404 words (4 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Business Ethics and the Global Dimensions of Business
This inclusive analysis was developed after an initial consultation with the C.E.O. of XYZ Construction, Inc. where the implications of expanding the construction company into Asia were discussed. The issues to be examined are the varied aspects of implementing a global business expansion. Time wise there is market potential for this opportune endeavor. However there are potential difficulties and risk that need to be considered before an international expansion is implemented. Moving from an exclusively domestic market into a global market within a horizontal construction operation can be perilous if not thoroughly strategized and prepared for carefully. Furthermore the ethical and social issues of the global market of Asia along with cultural diversity concerns will need to be addressed. In conclusion multiple logical suggestions and possible solutions will be offered to assist XYZ Construction, Inc. to be able to produce a successful global business expansion into the Asian market.
Global market analysis
There is abundant evidence that XYZ Company’s IPO and market diversity can be positively affected by expanding operations into the country of Asia. Barriers between developed and non-developed countries have been eliminated by the use of technology. (Lee, 2006)
Companies are better able to produce timely customized products and services that reflect the local ethnicity when the business is located within the country. (Management eBook, 2010) Global organizations have a competitive advantage over domestic only companies; they are able to attract and retain better employees; they offer growth opportunities and insulat...

... middle of paper ... Kong, Taiwan and China. International Journal of Management, 29, 267-278. Retrieved from:
Humphrey, P. (2000, Winter). To avoid common pitfalls, look before you leap. The China Business Review, 1, 88. Retrieved from:
Janowski, T. (2012, April 4). Hays sees strong 2012 Asia growth, improved global outlook. Reuters. Retrieved from:
Kimura, M. (2005). Ethical Challenges facing Japanese businesses. Asian Perspective, 1, 135-155. Retrieved from:
Lee, P. (2006, September). New Economic Arms Race. Euromoney, 86-97. Retrieved from:
SKS7000 Executive Concepts in Business Strategy [VitalSource]. (2010). Retrieved from:

Need Writing Help?

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

Check your paper »

Business Ethics and the Global Dimensions of Business Essay

- This essay will examine the possibility of XYZ Constructions, Incorporated expanding into the global market. In particular, the owners believe that Canada, Asia, and Mexico have niche markets and are the front-runners for expansion. Furthermore, the owners believe these markets will ultimately help increase their initial public offering (IPO) number because of the increased market penetration and market diversity associated with these markets. This essay will examine the issues present in the global market as it relates to ethics and social responsibility....   [tags: Business Ethics ]

Powerful Essays
2194 words (6.3 pages)

Business Ethics and the Global Dimension of Business Essay

- Business Ethics and the Global Dimension of Business SUBJECT: Business Ethics and Global Dimensions of Business Previously, we developed the business framework and strategic business plans pertaining to the Human Resources and Operations Management. Next we need to address the organizations ethical and social obligations for the corporation on a global aspect for the new plant. Also, due to nearly 20% of the sales are anticipated to be within overseas markets, we will concentrate on the international management considerations connected to the international sales of ABC Complete Kitchen Inc’s products....   [tags: incentives, equal pay act, ]

Powerful Essays
1848 words (5.3 pages)

Essay on Business Analysis: PepsiCo

- PepsiCo Thirsty for a cold Mountain Dew or Pepsi. Hungry for some Ruffles potato chips. Or maybe it is breakfast time and some Quaker oatmeal is on the menu. These are just some of the items the company PepsiCo handles. PepsiCo handles a variety of items from beverages and snacks to Quaker products and breakfast cereal to Gatorade and Propel Zero water. PepsiCo has remained a highly successful organization throughout these rough economic times. PepsiCo's executive management team has done an outstanding job in managing the company through a recession and created more global expansion for the company....   [tags: Business Analysis ]

Powerful Essays
1898 words (5.4 pages)

Essay about Expanding Successfully in the Global Marketplace

- As a way to improve profit margins companies have begun to view outsourcing as a necessary business strategy. India, with its low labor costs and strong technical expertise has become an attractive choice (Prasso, 2007). However, due to both cultural differences and compatibility issues numerous problems have been reported. A common mistake made is thinking there is a single national culture within India and that all individuals/social groups will behave the same regardless of geographic location (Prasso, 2007)....   [tags: Business Management ]

Powerful Essays
2285 words (6.5 pages)

The Interinfluences of Ethical Issues in Global Marketing and Social Responsibility

- Introduction According to Al-Emadi & Al-Asmakh (2006), global marketing ethical issues and social responsibility influence one another. They expound by indicating that when firms expand to international markets, diverse problems are experienced especially in regard to ethical and social aspects. Mishra & Suar (2010) define the wave of globalization which is enticing firms to take their businesses international. Although the process has been going on for a significant period but has now there is chance to increase market share....   [tags: culture, corruption, rights]

Free Essays
1069 words (3.1 pages)

Global Business and Ethics Essay

- Global Business and Ethics 1. Any company doing business in the United States and abroad has a responsibility to be socially responsible. This responsibility is guided by business ethics – basic values that guide a firm's behavior. These ethics come into all decisions made by businesses. Including what goes into the products, how they are advertised and sold, and how they are disposed of. Wal-Mart, the world's largest retailer, is the largest corporation and private employer in the United States....   [tags: Business Ethics HR ]

Powerful Essays
864 words (2.5 pages)

Alahmad and Murphy on Business Ethics Essay

- The first two journal articles that were compared and contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that ethics is an individual thought process of making good or poor decisions....   [tags: Business Ethics]

Powerful Essays
970 words (2.8 pages)

Essay about Business Ethics and Social Responsibility

- This paper will compare and contrast the various interpretations of four separate authors in respect to ethics and social responsibility as they apply to business. The four articles to be reviewed are; “The Social Responsibilities of Business is to Increase its Profits” by Milton Friedman, “The Relevance of Responsibility to Ethical Business Decisions” by Patrick E. Murphy, “What is ‘business ethics’” by Peter F. Drucker and “To Be Ethical Not To Be: An International Code of Ethics for Leadership” by Ala’ Alahmad....   [tags: Business Ethics ]

Powerful Essays
2326 words (6.6 pages)

Essay on Business Ethics

- The Moral Compass essay Ethics relates to given principles that govern behavior and conduct of a human being. Business ethics on the other hand is the code of a conduct that a company or an organization abides to in the day to day operations with the public (Conjecture Corporation, 2011). Making profits and high volume sales should not be the only goal of a business, a good reputation to the public is also very important for the survival of a company. This has led to companies formulating their code of ethics for employees to adapt....   [tags: Ethics, Business, Leadership]

Powerful Essays
3437 words (9.8 pages)

Business Ethics Essay

- In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter....   [tags: Business Ethics Morals]

Powerful Essays
1180 words (3.4 pages)