Ethical Considerations in Global Expansion

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Introduction The aim of this paper is to discuss the challenges of values-based decision-making ethics in the current marketplace. This discussion will include the research findings on the four markets for potential expansion and an assessment of the current social and political climate of each. A recommendation will offer three best fits based on a comparison of company values, and will include detailed rational for these choices. Content and Analysis Background According to Ferrell (2004), “Organizations create ethical or unethical corporate cultures based on leadership and the commitment to values that stress the importance of stakeholder relationships. Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004). Values are a core set of beliefs and principles by one or many. A number of factors contribute to the development of values. These include membership in a community or culture, attitudes, beliefs, and behaviors. Values determine what is important in decision-making. Ethics involve conduct, the ability to determine right and wrong. All organizations face ethical dilemmas. Organizations develop corporate social responsibility in reaction to the values and expectations of society. Corporate social responsibility initiatives aim to protect public health, safety... ... middle of paper ... ...). The new Japanese consumer. McKinsey Quarterly. Retrieved from http://www.mckinseyquarterly.com/The_new_Japanese_consumer_2548 Sargent, C. (2006). From buddy to boss: effective fire service leadership (p. 153). Tulsa, OK: Penwell Corp. The pc isn’t dead but it is no longer the only (computing) game in town (2011). Deloitte. Retrieved from http://www.deloitte.com/view/en_CA/ca/pressroom/ca-pressreleases-en/2e9fc1ca8f49d210VgnVCM3000001c56f00aRCRD.htm?src=caen_home_pred Trade regulations and standards in France (2011). Globaltrade. net. Retrieved from http://www.globaltrade.net/international-trade-import-exports/f/business/text/France/Legal-and-Compliance-Trade-Regulations-and-Standards-in-France.html Watson, C. (2010). Ensuring value-based decision making. FEMA: U.S. Fire Administration. Retrieved from http://www.usfa.fema.gov/pdf/efop/efo44281.pdf
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