...complex contemporary issue posing challenges for international businesses and it is essential for them to respond to the challenges appropriately in order to succeed (Dunning, 1999). This essay will examine the issue of globalisation with a focus on business schools. It will also attempt to analyse how global business education providers have adapted in order to satisfy the requirements of local students. The analysis will further examine the wider connotations of the phenomenon as an important contemporary challenge faced by modern businesses and managers (Andrews) Globalisation- A Paradox Academics have highlighted the debate and development of globalisation and its effect on businesses and education(). Guttal (2006) recognises the discrepancy in the ideology and reality of the effects of globalisation and argues that globalisation may bring prosperity, increased access to knowledge and better living standards, through the creation of positive economic and political convergences there are risks, as it can also be viewed as antagonistic and hegemonic towards local populations and economies. (example) Global Expansion – Opportunities and Challenges Levene (2010) muses that globalisation is a contemporary issue for businesses expanding internationally. It is suggested that rapid changes due to globalisation have an enormous influence on global demand for education().Moreover, it is argued that global sustainability is a key factor in the future of business schools and the education...
Words: 1234 - Pages: 5
...On Business Ethics and Global Dimension of Business Business Ethics and Global Dimension of Business October 19, 2014 Ethical issues have been around for a long time and its association with globalization has been documented. The effects on the association with globalization are similar and closely related to that of international marketing. As a result, the increased globalization over the years has brought an increase in many problems associated with global trading including ethical ones. (WTO, 2011). As indicated by World Trade organization in 2011, there was significant expansion in world trade from 1950 to 2000. This increase was documented to be over twenty-fold with foreign direct investment and exports playing a significant role. This increase in world trade in the middle to late 20th century also saw small businesses increasing their investments in cross border trading. This resulted in an increase in the average yearly outflow of Foreign Direct Investment (FDI) from about $25 billion in 1975 to a record $1.3 trillion in 2000. (UN, 2001). This means that there were a great number of business people with different social and cultural backgrounds doing business in other areas of different geographical, political, legal, social and cultural environments. The challenges that confronted these business people working in these different environments with its associated social and cultural problems created a platform for indulgence in ethical problems and other issues. (Dagdelen...
Words: 2072 - Pages: 9
...Can Humans Stop Global Warming? Tevin Johnson SCI207: Dependence of Man on the Environment Rebecca Gillaspy 28 May 2012 Can Humans Stop Global Warming? It is no secret that global warming has been an issue that the human population has been battling for decades. The Earth is heating up and global warming contributes to this action. Apart from the increasing heat, more species and habitats are being affected by the changing planet. Scientists state that human activities are the responsible party for the global warming effect. In a written assignment, I will discuss what global warming is, how humans contribute to global warming and if humans are truly responsible, and what we can do to minimize it. Before one can claim responsibility or attempt to minimize global warming, they must understand what it is exactly. The discussion of global warming is all over the news, magazines, blogs, and internet so it must be a major issue. “Global warming is part of a long-term natural pattern or an effect of human industrial activity that has become a heated issue (Christiansen, 1995). This activity started in the 1990s. The greenhouse effect is generated by water vapor, carbon dioxide, and other gases in the atmosphere that reflect back heat radiating from the Earth’s surface. “Without the greenhouse effect, the average temperature on Earth would be about –18 degrees Celsius (0 degree Fahrenheit)” (Christiansen, 1995). In other words the planet’s temperature is warming...
Words: 2571 - Pages: 11
...International Business Environment Name: University: Course Title: Instructor: Date: Executive Summary International business environment changes in the last couple of years have had a significant impact on the sectors of the world economy more so the airline sector, with this in mind the term paper focused on the impact of changes in the international business environment on the airline industry. International business environment is viewed as the most contexts for international business and comprehending how forces in this environment impact the business operations is the difference between business failure and success. To this end, the research established various changes in the business environment that have taken place in political, economic, financial and socio-cultural circles. Political changes especially the Arab spring have had far reaching impact on the airline sector with fall in passenger numbers to these destination as well as the rise in fuel prices negatively impacting the growth of the industry, political instability in other areas as well as laws regulating the airline sector have been on the rise as countries seek to protect local airlines, the economic crisis slowed down the growth of the sector but with the recovery process on track, the airline industry is expected to grow into the foreseeable future, issues such a new taxes for example carbon tax in Europe, the unstable foreign exchange market and inflationary pressures...
Words: 3732 - Pages: 15
...WORD COUNT: 1894 GLOBAL WARMING AND THE SOCIETY Executive Summary Global warming is a significant issue in modern society; it threatens environment, global security, prosperity, and development. This paper will review how global warming involves the concept of ‘business as usual’, its effects on the global economy and how to deal with global warming by using international co-operation (action). In addition, I will propose a strategy trying to address the global warming concerns. Introduction Climate change has become one of the major issues of debate and concern around the globe during the last decades. The effects and causes of global warming are more visible day by day. There are many complex issues caused by global warming, on a global scale, as a Sir Nicholas Stern’s review demonstrated, if we do not take adequate measures to mitigate the climate change, the longer-term costs would be disastrous, overweighting the costs of an early action in which obviously international community should be involved (Stern 2008). Furthermore, all parties need to be encouraged to make the international arrangements work, such as the Kyoto Protocol in the 90’s and the Copenhagen Accord more recently. Moving forward, it is necessary to include how the world has been progressing since Kyoto was established, to a more renewed and complete agreement, the Copenhagen Accord. Currently, a large number of nations involved in the fight against global warming will meet to discuss how to implement...
Words: 2031 - Pages: 9
...conditions that create a sustainable economy and report on the effects they might have on the future governance, vision and strategy of The Colourful Corporation. In doing so the report has analysed the most pressing issues that relate to the development and continuation of a sustainable economy. The research has been undertaken at the request of the CEO and uses academic literature as its backbone. Overall the report found that there are many factors that are consistent with a sustainable economy with the following being researched: science & technology; ecology & sustainability; population, demographics, society & culture as well as economy, geopolitics & security. The report concludes that the future of the global economy will be built on innovation, low-waste, long-term planning and will be developed in harmony with the natural environment, and that these factors should be used in the development of the company’s future vision and strategy. The report recommends that the company: • Invest in Research & Development (R&D) • Decrease the use of chemicals, pesticides etc. in production & process work • Further research the implications of population growth and cultural homogeneity and its effects on the company. • Take a cautious approach to large financial investments Table of Contents 1 – Introduction 4 2 – Aim of Report 4 3 – Defining a Sustainable Economy 4 4 – Factors & Issues 5 4.1 – Science & Technology 5 4.2 – Ecology & Sustainability...
Words: 2019 - Pages: 9
...Business Ethics and Global Dimension of Business Ethical issues have been around for a long time and its association with globalization has been documented. The effects on the association with globalization are similar and closely related to that of international marketing. As a result, the increased globalization over the years has brought an increase in many problems associated with global trading including ethical ones. (WTO, 2011). As indicated by World Trade organization in 2011, there was significant expansion in world trade from 1950 to 2000. This increase was documented to be over twenty-fold with foreign direct investment and exports playing a significant role. This increase in world trade in the middle to late 20th century also saw small businesses increasing their investments in cross border trading. This resulted in an increase in the average yearly outflow of Foreign Direct Investment (FDI) from about $25 billion in 1975 to a record $1.3 trillion in 2000. (UN, 2001). This means that there were a great number of business people with different social and cultural backgrounds doing business in other areas of different geographical, political, legal, social and cultural environments. The challenges that confronted these business people working in these different environments with its associated social and cultural problems created a platform for indulgence in ethical problems and other issues. (Dagdelen, Elibol & Yucel, 2009). Cross border trade experienced a great...
Words: 2234 - Pages: 9
...adverse effects of sweatshop labor practices. Provide one (1) specific example of each way that you have just determined to support your response. The three ways in which the United States business can address the adverse effects of sweatshop labor practices are first to adopt firm multinational whistle blowing policies and procedures. Second, enforcement of existing rules and regulations. Third is incorporating the social responsibility and supply chain sourcing into their strategic objectives (Halbert, 2015). Each of the ways in which United States’ businesses can address the adverse effects of sweatshop labor practices has their own purpose. For the first way which is to adopt firm multinational whistle blowing policies and procedures. An example of it can be observed on strict whistle blowing policies that assist culture when it comes to compliance issue. For the second way which is the enforcement of existing rules and regulations. The example of this can be seen on practices in the Southeast Asia and Thailand, wherein the issues of the 21st century is the main focus. Lastly is the issue on incorporating the social responsibility and supply chain sourcing into their strategic objectives. An example for this, organizations should ensure that their suppliers are accountable to fair labor standards. Considering the effect of worker rights on global and developing economies, take a position on whether or not the United States government should regulate the global workforce...
Words: 373 - Pages: 2
...caused some negative effects to their population. Social issues and ecological issues are the main problems that occur in those cities. There are some reasons that lead to the motorization era in the cities. One of them is urban sprawl. Urban sprawl is the enlargement of city’s development that spread far away from the centre to the outskirt of that city. Urban sprawl is the result of the increasing urbanization. Although urban sprawl is the main aspect that can develop capitalism, it still has some negative impacts on the city. Motorization as one of the impacts of urban sprawl relates very closely to the transportation system. Motorization happens when people mostly use cars for traveling in the city and it relates closely with the development of an automobile industry in that city. The rise of the automobile industry supports the spread of urban sprawl even more. People can travel longer distances in shorter time. That is why the growth of the automobile industry is related to urban sprawl. There are some solutions to determine the urban sprawl issues called ecological modernization. According to AEP 9 lecture one, ecological modernization is a scientific research to find the answer to how the world can be sustain economically and socially at the same time without damaging the environment. Some business groups are trying to find a solution for the urban sprawl issues based on ecological modernization. According to Gonzalez (2006), there are two business groups who support...
Words: 1110 - Pages: 5
...multinational organization, Riordan Manufacturing deals with multiple ethical issues involving corporate social responsibility (CSR). There are a number of serious social issues which affect developing countries as well as large countries such as China and the United States. These issues include the degradation of the environment, collapse of the global financial system, the abuse of human rights, and the improper use of child labor. There are numerous agents (stakeholders) involved in these ethical debates including employees of the corporation, government agencies, NGOs, consumers, and the media (Lopez-De-Pedro & Rimbau-Gilabert, 2012). Riordan Manufacturing is faced with three potential ethical issues in their Chinese operations plant. This paper will address these three issues, as well as possible mitigation plans, implications for the stakeholders, and a recommended course of action for the organization. Issues Raised There are three primary issues raised related to Riordan Manufacturing which will be discussed in further detail: (1) potential water supply contamination issues; (2) worker rights issues at the Yin Motor Company; and (3) child labor law violations. These issues could result in potential fair trade agreement violations, ethical violations, and legal violations for Riordan Manufacturing resulting in high fines, penalties, and a loss of public and consumer trust. The first issue is the potential water supply contamination due to the run off from machine...
Words: 2310 - Pages: 10
...Global Peter Drucker Challenge Essay Contest Social Responsibility and Managerial Ethics A Focus on MNCs Prepared by: Kidus G.Mehalu Addis Ababa, Ethiopia August 2011 Social Responsibility and Ethics of MNCs The 2nd Peter Drucker’s Challenge Social Responsibility and Managerial Ethics -A Focus on MNCs . 1.1 Introductory Remarks Managers today are usually quite sensitive to issues of social responsibility and ethical behavior because of pressures from the public, interest groups, legal and governmental concerns, and media coverage. It is less clear where to draw the line between socially responsible behavior and the corporation’s other concerns, or between the conflicting expectations of ethical behavior among different countries. This essay on social responsibility and ethics set externally to international managers and thus in a sense outside their realm of control, is the expectation of appropriate behavior. This behavior is measured both in terms of social responsibility of the organization as such, as well as ethical behavior of individual managers. In addition to these expectations there is an onus on organizations and managers alike to manage the relationship with the host country. Having noted this, I shall now move on to the main issues this essay has set out to address in the following manner: 1.2 Global Interdependence Global interdependence is a compelling dimension of the global business environment, creating demands on international managers to take...
Words: 3216 - Pages: 13
...text in eleven chapters, with particular focus on global strategic positioning, entry strategies and alliances, effective cross-cultural understanding and management, and develop- ing and retaining an effective global management cadre. The seventh edition has been revised to reflect current research, current events and global developments, and includes company examples from the popular press. In Chapter 1, we introduce trends and developments facing international managers and then expand those topics in the context of the subsequent chapters. For example, we discuss developments in globalization and its growing nationalist backlash— in particular resulting from the global financial crisis. We discuss the effects on global business of the rapidly growing economies of China and India and other emerging economies such as those in Africa, and the expansion of the EU; the globalization of human capital; and the esca- lating effects of Information Technology and the global spread of e-business. We follow these trends and their effects on the role of the international manager throughout the book. For exam- ple, in Chapter 6 we focus further on strategies for emerging markets, while also dealing with changing strategies to respond to economic decline around the world and an increasing level of nationalism in some industries; we have a section on “Using E-Business for Global Expansion” as well as discussing “born global” companies. In Chapter 7, we added a section on strategies ...
Words: 1340 - Pages: 6
...DEPARTMENT OF MARKETING AND BUSINESS ECONOMICS ALBERTA SCHOOL OF BUSINESS International Marketing MARK 644 - X50, Winter 2015 Instructor: Edy Wong, PhD Office: BUS 3 – 21B Phone: 780 492 8137 Email: edy@ualberta.ca Office Hours: By appointment Class Location: Business B 9 Class Times: Wednesday, 6:30 p.m. to 9:30 p.m. Course Duration: January 7th to April 8th, 2015 I. COURSE DESCRIPTION This course is designed to provide students with an understanding of how marketing principles and strategy must be adapted to the international business environment and how an effective international marketing strategy should be formulated. Topics for the course include an overview of the global business environment, influence of culture on consumer preferences and marketing strategy, effects of socio-economic and political factors on market analysis and marketing strategy, techniques of competitive analysis, logistical and supply chain considerations, and relevant government regulations on international trade. The learning strategy for this course will be based on a combination of class lectures, group discussions and presentations, and a group paper. Students are encouraged to contribute to the learning process by drawing on their professional and business experience in class discussions and projects. Learning outcomes in this course will include an understanding of the principles of international marketing, an appreciation of the relevance of politics, culture...
Words: 2023 - Pages: 9
...earth; human beings can be extinct probably in the near future. The cause and effects of this phenomenon has been studied which is greenhouse effect. The whole world is getting involved in this issue and looking for solutions. Greenhouse effect is a natural phenomenon that increases temperature of the earth’s surface (Australian government). However, according to the investigations, human activities enhanced the greenhouse activities, making it worse. So our climate change is due to the increasing human activities, global industrialization which ejects huge amount of carbon emissions. Human activities enhance greenhouse effect that causes widespread heave rainfalls in the northern Hemisphere during the last 50 years (Minetal, as cited in Allan, 2011).The rising temperature is disrupting every aspect in our life and the whole ecosystem. This climate change affects atmospheric and ocean circulations and brings many hazards to the earth, such as widespread drought, flood and tsunami. As we considered climate change, we need consider the common good for all the humans on the earth. The common good refers to the total living conditions which can enable individuals to get the achievement which enables people to achieve humanity (google), whereas climate change is a serious issue that is eliminating human living resouces in many aspects. As we mentioned above, climate change can cause many negative effects, such as ecosystem disruption will lead to increasing of poverty. The refugees...
Words: 1338 - Pages: 6
...Running Head: ETHICAL ISSUES AND MULTI-NATIONAL ENTERPRISE Veronica Mason Theory Digest Ethical Issues and Multi-National Enterprise University of Maryland University College October 13, 2012 Ethical issues and Multi-National Enterprises Today’s global marketplace presents ethical dilemmas for multinational corporations. Research has shown that ethical decision-making process becomes particularly challenging when the ethical standards in the company’s home country are higher than those in host markets. While ethical issues have become a current theme recently, organizations must continue to focus on improvement. Multi-National Enterprises need to make this a high priority within their organization. Ethics include basic human interactions: respect for differences, trust that our counterparts will work with us in a truthful manner, honesty in communication with others, and expectations that each of us will keep our word and maintain credibility (Olaru, 2009). Very few companies were established globally and little attention had not been given to the issue of ethical guidelines in a global setting. Global business ethics and social responsibility have now become a significant problem for many multinational companies. Attitudes toward ethics are rooted in culture and business practices (Caliskan, 2010). Ethical issues have become an interesting part of MNE’s focus. Literature has found that ethics is associated with levels of morality and general conduct...
Words: 2865 - Pages: 12
