Topics that XYZ Construction, Inc. Should Engross Before Expanding Into the Global Market

Topics that XYZ Construction, Inc. Should Engross Before Expanding Into the Global Market

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This paper will examine multiple topics that XYZ Construction, Incorporated should engross before expanding into the global market. In particular, the owners believe that Canada, Asia, and Mexico have niche markets for the company and are front-runners for market expansion. Furthermore, the owners believe that expansion into these markets will ultimately help increase their initial public offering (IPO) number. This paper will examine the issues present in the global market as it relates to ethics and social responsibility. In addition, this paper will study the considerations that are required for opening field offices in foreign countries with respect to international management and cultural diversity.
Ethical Issues within the Global Market
Before a discussion on ethical issues within the global market begins, a clear definition of ethics is useful for a common understanding. By definition ethics is a methodical approach to deciding the correct action(s) to take in a given situation (Ovaitt, 2008). Ethical issues are present, magnified, and extremely difficult to discern when considering the global market. This can be seen in, examining the following issues: child labor working age, sweat shops, abuse of labor rights, and discard for health, safety, and environmental standards. While all of the aforementioned topics are of high concern, child labor working age and environmental issues tend to stand out as major topics of concern.
There are many domestic child labor cases present in the United States of America; however, in foreign countries this issue is more dynamic. For example, Sharma (2009) says that India has a significantly high number of child labor cases (14-percent). That statistic leaves many perplexed ...


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Executive (2011). Executive concepts in business strategy. Boston, MA: Pearson Learning Solutions.


Ganapathy, N., & Broadhurst, R. (2008). Organized crime in Asia: A review of problems and progress. Asian Journal of Criminology, 3(1), 1-12. doi:10.1007/s11417-008-9054-3


Ovaitt, F. (2008). Ethics & PR: Communications with a conscience. PR News, 64(29), 1-1. Retrieved from http://search.proquest.com/docview/204226740?accountid=28180


Shah, A. (2007, July 7). Corporate social responsibility. AccountAbility. Retrieved from http://www.globalissues.org/article/723/corporate-social-responsibility


Sharma, K. (2009). Labor standards and WTO rules: Survey of the issues with reference to child labor in South Asia. Journal of Economic Issues, 43(1), 29-41. Retrieved from http://search.proquest.com/docview/208780521?accountid=28180

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