Global Business and Ethics
With the increase of business globalization, management are finding themselves in international environments that have ethical challenges. When managing ethical conduct in their own culture is difficult, imagine how difficult it would be to manage a culture when a different language and culture, management will be under a great deal of stress and stakeholders will enormously increase. The key stakeholders will include several governments with different regulations, policies and laws; their business partners incorporated elsewhere or in the United States; having customers and employees from different cultures, and a different civil society such as, the media, non-profit organizations, religious, political and academic institutions interested in global business ethics. In business globalization, management has to deal with many different stakeholders that will make a global business ethics exceedingly difficult. The issues that global management faces is money laundering, corruption, workplace conditions, human rights and respect for the local cultures and customs. Mostly in developing countries, ethical difficulties that management faces may conflict with their own ethical values, even though multinational organizations who have years of experience in doing business international, sometimes will give management policies and training to guide their action, and many of American business representatives are left to fend for themselves with little or no guidance (Trevino, 2006).
In a global settings cultural differences is a ethical dilemmas that can arise in a international business and for management. For example, workplace conditions that are consider the norm in another countries may conflict with the labor standards here in the United States. A larger danger will arise when a United States organization sets up their manufacturing operations in a... [continues]
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