Global Marketplace and Business Ethics Essay Order Instructions: Note: To prepare for this essay please read the required articles that are attached.
I need an essay in the following subject:
As the number of countries that are viable players in the global marketplace continues to rise, an inevitable clash of cultural norms and standards has occurred. What is acceptable—even praised—in one country may be very offensive in another. Those conducting international business have realized the importance of becoming familiar with the cultures of those with whom they will associate. It becomes more problematic when the behaviors that differ are based on ethical standards and beliefs.
In the Michaelson (2010) article in the attached file, the author recalls asking a group of business executives from major U.S.-based multinationals ‘whether a change in the economic balance of power [from developed to emerging markets] might portend a change in ethical influence’.
For this assignment, you will evaluate the changing dynamics of global business. You will also critically assess the process of establishing ethical standards to avoid corruption and support corporate social responsibility when doing business in emerging markets.
To prepare for this Assignment:
•Read the Michaelson article in the attached file.
•Consider the changing dynamics of global business.
•Supplement your observations with some original secondary-sourced references drawn from the University of Liverpool online library or other reliable sources.
To complete this Assignment:
•In approximately 1100 words, complete the following:
evaluate the changing dynamics of global business from developed to developing nations. Consider the impact changes have had on ethical standards.
critically assess the process of establishing ethical standards to avoid corruption and support corporate social responsibility when doing business in emerging markets.
oProvide a properly formatted references list.
In formulating your analyses, consider the following questions:
oWhen moral business conduct standards conflict across borders, whose standards should prevail?’ (Michaelson, 2010): how would you respond if this question was posed to you?
of you were a leader in an organization that operates both in developed and emerging markets, how could you create and maintain personal and organizational standards of business practice that are both ethical and moral?
Also,
1)The answer must raise appropriate critical questions.
2)Do include all your references, as per the Harvard Referencing System,
3)Please don’t use Wikipedia web site.
4)I need examples from peer-reviewed articles or researches.
5)Turnitin.com copy percentage must be 10% or less.
Note: To prepare for this essay please read the required articles that are attached
Appreciate every single moment you spend in writing my paper
Global Marketplace and Business Ethics Essay Sample Answer
Global Business Ethics Essay
The question of global ethics and standards has affected global business to a great extent. Another gritty issue faced by the players in the global market place is the diversity of cultures, norms, and beliefs which are currently pushing the business world to states of inevitable clashes. These clashes have led to analysts and scholars asking the fundamental question: When moral business ethics conflict across the borders, whose standards should be upheld? (Michaelson 2010)This is a question about the global ethics and which between the home cultures or the existing society culture norms should prevail. This is a factor which has affected many multi-national companies across the world and which will need a defined platform to check their operations. The guidelines are the global business ethics which affect their world-wide business operations.
Ethics detail what is regarded as right or wrong in any given society (Michaelson 2010). In the global business world, global ethics define how multi-national companies interact with the societies and governance in the set-ups in which they operate. However, it is not clear on how ethical to behave as desired when there is various cultures involved together with the different levels of development of the countries or societies involved (Hsieh 2009). There bound to develop problems and clashes when all the divergent cultures are involved. Although it will not be right to base global business ethics on the economic advancement of different nations, it is a major factor towards drawing the basics of global ethics and norms. The interaction between the activities of the organizations and the societal norms and beliefs together with the responsibility of the organization to the advancement of the society help define how organizations are to operate (Jacques 2009). How multi-national companies are to operate especially in the less developed nations has become a matter of discussion which has brought about topics including impact or damage to the environment, poor products’ quality in the new nations and mistreatment of workers. To be able to define the global ethical rules, different factors have to be considered; for instance, what may appears to be right in one country such the gift-giving culture in Japan, was taken as bribe-giving in the European Nations thus a clash in their values. Another case would be in a case companies in developed nations set up bases in less developed nations that are devoid of strict environmental and health regulations or lack employment rules to define who is hired by these companies, whose standards will be considered (Jacques 2009). Global ethical conduct though philosophical tries to give an insight on how executives will try to deal with such challenges facing their organizations in the foreign settings.
There is the need to develop ethical standards and definitions that will check the operations of companies in different foreign settings so as to check societal norms such corruption and ensure that they support corporate social responsibility when conducting business in the emerging markets. To be able to come up with these standards various factors come forth. There is the rule of culture relativism which observes that one will behave as the locals of a particular culture behave, that is: when in Rome do as the Romans do (Kobrin 2009). According to this philosophy, no cultural ethics have better definitions than others and no rights or wrongs which hold globally. For instance, if the people of a certain nation condone bribery or insider-trading in their business processes, there are no international laws which will judge their actions wrong ethically. Relativism though has dare consequences to both the environment and the individuals involved. For instance, the foreigners will forfeit business opportunities if they don’t buy into the actions of the locals. This can lead to disastrous effects to the environment and also harm the society. For instance; the actions of Nigerian authorities to provide industrial wastes’ dumping sites pharmaceutical companies in Europe led to serious degradation of the environment and disastrous health hazards to locals in the areas (Kobrin 2009). For multi-nationals to act ethically in such cultures, they need to find a balance between their actions and their effect to the environment and violation of vital human rights.
On the opposite side of relativism is absolutism which argues that the cultural values of the home nation will always be applied everywhere as everywhere is home. This philosophy urges the companies from the home developed nations to implement the same actions in the host foreign nations as they do in their countries. It does not consider the existing cultural values which the natives of the host nations observe. This is bound to bring about conflicts between the native culture values and the new culture being brought in. Absolutism is based more on a single lists of rights with the wrongs emerging being analyzed using the same criterion everywhere around the world regardless of the traditional culture and beliefs (Michaelson 2010). With such analysis of the cultural conflicts arising, absolutism is bound to bring about serious conflicts with the existing cultural values. For instance, an American company brought a course on sexual harassment at its facility in Saudi Arabia which to the natives was offensive based on the strict conventions that govern relationships in their culture (Kobrin 2009).
Considering the fact that the two extremes of ethics; absolutism and relativism are not sufficient to help generate adequate code of ethics applicable worldwide, a compromise need to be found which will create a workable atmosphere and allow multinational companies cope with the cultures of the emerging markets (Hsieh 2009). This now brings about the cosmopolitanism which derives a common moral ground on which all actions of organizations should be based. The cosmopolitan culture tries to shape ethical behavior of companies by considering the core human values, the traditional culture and at the same time taking into consideration the context in which a company or individual is to be judged right or wrong.
Corporate Social Responsibility is a fundamental ethical structure which governs the global business in the diversified cultural settings and tries to bridge the gap between the cultures and values (Hsieh 2009). International organizations should be responsible in the way they handle business all over the world as on top of the cultures that control their operations, there exist international procedures such as the labor laws and transparency laws which check on corruption. Multinational companies should therefore establish the corporate code of ethics which are globally acceptable and integrate the local values and observe the core human values of the right to favorable working conditions and economic improvement. With the corporate code of ethics, it will be possible to eliminate discrimination and enable working towards improving the economies of the emerging markets without cultural clashes and core human values being violated (Michaelson 2010).
Global Marketplace and Business Ethics Essay References
Hsieh, N. “Does Global Business Have a Responsibility to Promote Just Institutions?” Business Ethics Quarterly 19, 2009: 251-273.
Jacques, M. When China Rules the World: The End of the Western World and the Birth of a New Global Order. New York : Penguin, 2009.
Kobrin, S. J. “Private Political Authority and Public Responsibility: Transnational Politics, Transnational Firms, and Human Rights.” Business Ethics Quarterly 19, 2009: 349-374.
Michaelson, Christopher. “Revisiting the Global Business Ethics Question.” Business Ethics Quarterly, 2010: 237-251.
