This website uses cookies to ensure you have the best experience. Learn more

Global Business And Ethics Paper

653 words - 3 pages

Global Business and Ethics Paper
As former third world countries like China and India continue to grow and become major players in the global marketplace ethical dilemmas also continue to grow. While our media focuses on the state of our economy and on the deteriorating jobs market here at home we have lost focus on the fact that we live in a global economy and that many of the jobs we have lost here have gone overseas. Many of these jobs have gone to countries such as China and India where the hours are long and the wages are low. The governments in these countries are desperate for these jobs and for foreign investors to help their growing economies and for these reasons many times the government restrictions are kept at a minimum. Unfortunately many of the foreign companies are all too eager to exploit the cheap labor they have found and that is when the ethical dilemmas arise.
Many companies have their headquarters in the United States, but
...view middle of the document...

During the night of December 2, 1984 large amounts of water entered a tank containing a chemical known as MIC. The reaction of the water and the chemical caused the temperature within the tank to increase to over 200 degrees Celsius, which in turn raised the pressure to a level the tank was not designed to withstand. This forced emergency venting of the pressure from the MIC tank which released a large volume of toxic gas into the atmosphere. A mixture of poisonous gases flooded the city of Bhopal, causing great panic as people woke up with a burning sensation in their lungs. Thousands died immediately from the effects of the gas and many were trampled in the panic.
Many different factors have been theorised to contribute to what some have called the world’s worst industrial disaster, some of those include industrial sabotage and poor cleaning techniques. What became clear in the aftermath of the disaster was that economic pressures to reduce expenses contributed most to the actual leak, the problem was then made worse by the plant's location near a densely populated area, as well as non-existent catastrophe plans. In addition there were found to be serious communication problems and and management gaps between Union Carbide and its Indian operation because of the parent companies hands-off approach to its overseas operation.
Unfortunately in this example the cost of ignoring ethics was a serious loss of life. Many companies around the world are having to look at their business model and wondering if it’s worth casting their ethics aside in pursuit of the bottom line. International business ethics is becoming very important in view of the globalization of business activity. Companies all over the world have been forced to come to grips with the costs and consequences of unethical behavior that result from cultural differences. There is no true global consensus on what is morally correct.
References
Gan, J. (n.d.). Cultural Differences in Global Settings. Retrieved August 25, 2009, from http://www.succezz.com/Articles/business-ethics-dilemma-reason4.html

Wikipedia.org. (n.d.). Bhopal disaster. Retrieved August 25, 2009, from http://en.wikipedia.org/wiki/Bhopal_disaster#Summary_of_background_and_causes

Other Papers Like Global Business and Ethics Paper

Ethics and Business Essay

813 words - 4 pages Ethics and Business In this paper we will review how ethics plays a role in business by examining a memo that was written between two Enron executives. Enron was an energies and commodities corporation who is most known for their insider trading scandal in the early 2000’s that resulted in bankruptcy. They were one of the five largest audit and accounting partnerships in the world and their financial fraud caused clients and shareholders to

Ethics and Business Essay

903 words - 4 pages 1. What does the term ethics mean to you? Do you see a difference between ethics and morality? Explain your answer. When it comes to ethics in business, many companies are famous for their downfall due to poor ethics. A recent example of this is Enron and the accounting fraud that took place. The term ethics can have multiple meanings, and can often be thought of as morality. To me, the definition of ethics is the ability to judge what is

Business Values and Ethics

880 words - 4 pages Define Values and Ethics GEN 200 May 26, 2010 Define Values and Ethics Values and ethics are very important to any firm or corporate business. First of all, what do we mean by values and ethics. In 1986 the theme for the Army was values. The listed four organizational values are loyalty, duty, and selfless of services. The four individual values are commitment, candor, and courage. (2008, April 19). Values provide the basis

Business Ethics and Dilemmas

1040 words - 5 pages Business Ethics |Definition: Ethics are the moral principles that should underpin decision making. A decision made on ethics might reject the most | |profitable solution in favour of one of greater benefit to society as well as the firm. | It is important at this stage to distinguish between an ethical decision and a lawful decision. It may be legal for a public house to sell alcohol products to

Business and Ethics

1342 words - 6 pages , there is a great and growing concern about the moral and ethical behavior of the people placed in leadership. Rule violations within intercollegiate athletics have risen, which has led to increased pressure on leadership to encourage positive ethical behavior. A result of the growing concern has been established by the codes of ethics made by intercollegiate conferences. Because we know that intercollegiate athletics has its share of ethical

Ethics and Compliance Paper

1224 words - 5 pages Ethics and Compliance Paper In today’s business market, the role of compliance and ethics are very important. In Johnson and Johnson company ethics and compliance is very vital for their entire company with in the United States and around the world. Johnson and Johnson have a well written business code of conduct and ethics for directors and executive officers. Compliance with the government rules and regulations within the United States and

Torture and Ethics Paper

1585 words - 7 pages Torture and Ethics Paper Jennifer Yow ASJ 532 June 16, 2014 Since -9/11, torture has been official US policy by George Bush at the highest levels of government. On September 17, 2001, George Bush signed a secret finding empowering CIA to "Capture, Kill, or Interrogate Al-Queda Leaders." (Lendman, 2008). It also authorized establishing a secret global facilities to detain and interrogate them without guidelines on proper treatment. In

Csr and Ethics Paper

800 words - 4 pages the consumers. According to UK Small Business Consortium, as referenced on the Simply CSR website (2008), “88% of consumers said they were more likely to buy from a company that supports and engages in activities to improve society.” With the rapid usage of unethical business practices, such as spreading negativity about another company via social media, it is easy for a company to get a bad reputation in the consumer’s eyes. However, by promoting

Business Ethics and Ethical Reasoning

1083 words - 5 pages Business Ethics and Ethical Reasoning Managers are faced with daily decisions to ensure that they are leading by example in their managerial position. Managers must make sure their actions are fair, honorable, and reasonable to employees and customers is the groundwork of good ethical decision making. In today’s society ethical issues are becoming extremely complicated because of global and diversification in corporations. A broad explanation

Social Media and Business Ethics

1355 words - 6 pages Social Media’s Impact on Business Ethics Introduction: The discussion of ethical problems associated with social media in the workplace is a relatively new occurrence. Approximately ten years ago technology entered a new phase evolving from the internet and email to an entirely different era (Ramos-Hernadez, 2007). Suddenly people who normally worked a 9 to 5 shift leaving work to transition into their personal lives. Facebook, Twitter

Business Organization and Management Ethics

1506 words - 7 pages Abstract The assignment/paper is an ethics exercise with two different cases to analyze and determines what direction/decision I would take in each case. The first case is to justify my decision to allow a top performing staff member, Kay, to apply for a different position within the company. Kay and I both are aware that I would not be allowed to replace her due to budget cut and a friend of the boss is also applying for the position. The

Related Essays

Global Business And Ethics Essay

1631 words - 7 pages University of PhoenixGlobal Business and EthicsGlobal Business and EthicsNavegando por las fronteras entre el bien y el mal puede resultar difícil para las empresas que operan en distintas naciones y culturas. La ética es esencial para el desarrollo económico. El campo de la ética, también llamada filosofía moral, implica la sistematización, la defensa, y la recomendación de los conceptos

Values And Ethics In A Global Setting

827 words - 4 pages and ethics the groups will abide by. This just adds another layer that the companies or organizations have to deal with. Of the 195 counties in the world today and 1000’s of different culture trying to put on paper a set of values and ethics that all 195 will agree to and abide by, which seems next to impossible. So it appears to be up to the lowest common denominator or smallest entity, the business or corporation to bring the global ethics

Business, Ethics, Laws And Regulation Paper

1073 words - 5 pages such as partnership, franchisee, and etc. The company should have legal presence and require documents to establish itself as a business entity. References Cheeseman, H.R,,.(2010). The Legal Environment of Business Online Commerce: Business Ethics, E-Commerce, Regulatory, and International Issues. (6th ed.); Pearson/Prentice Hall Dignam, A. & Lowry, J., (2006). Company Law, Oxford University Press. Business Entities, Laws and Regulation Paper

Business Ethics And Deontology Essay

1541 words - 7 pages corporate standards of conduct in a business organization. Whether intended or not, these ethics/standards can have a major impact on an organization bottom-line – it can add value to an organization by showing that it can be trustworthy across all spectrums of business dealing. Adversely, cracks exposed in an organization’s ethical veneer can send investors and consumers fleeing and drive the company to bankruptcy. The objective of this paper is to