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Global Social and Economic Responsibilities

In: Business and Management

Submitted By torliad
Words 685
Pages 3
Global Social and Ethical Responsibilities Expanding to a global organization will present some ethical challenges to any organization. Every country has their own set of ethics, values, and moral standards. Most of these standards, ethics and values are set because of the economic status, religion and or the legal system of the country. In most instances the ethical and social responsibility can be extended to the company’s belief system of the country. When a company is venturing out, it is important that the company understand the other companies’ beliefs. The company must understand what is considered showing respect, what is an insult and what is different from day to day life in their country. It is necessary for a business to ensure that they know all the desires of the stockholders and attempt to meet most of those expectations in order for a business to be successful. When a domestic-only organization expands into the global arena it is a responsibility of the company to provide for quality research and training. The research will guide the training. The company staff and the different teams must be aware of the many different legal requirements of the host country as well as the strings of attachment still maintained here in the continental United States. Different protocols are extremely important, for example business takes place in some countries only after social affairs and meetings are done. Taking care of business over a meal or show is very good to make those acquaintances needed in the host country. The personnel must be trained. The most polite and cordial employee here in the states could be the worst customer facing employee if no training is provided. The small subtle things can't be overlooked. The successful business understands training and will not venture forth into a new field without it. The biggest

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