...What are International Business Ethics? International Business Ethics The importance of international business ethics has been rising steadily along with the growth of international business. Technologies like the Internet have made international business all the more viable, and many companies can only find the desirable growth and profit they seek by expanding into new markets. This means that just as business ethics domestically have grown in importance along with the power and significance of major businesses, so must international business ethics take center stage as a major concern of the modern era. The primary problem of international business ethics lies in the fact that most cultures and nations hold entirely different standards of both law and ethics. In America, business ethics can be employed because, in general, the disagreement between what actions are ethical and what actions are unethical in a single culture will be lesser than the disagreement between two entirely different cultures with different values and cultural practices. As a result, one business might believe it is acting perfectly in accordance with international business ethics, while another would view that first business as acting in a completely unethical fashion. Many businesses adopt the policies of cultural relativism, in which they attempt to take on the business ethics exhibited by the nation in which the business is working a particular deal, as opposed to attempting to carry any...
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...The Disadvantages of International Business Ethics X Catherine Capozzi Since 2008 Catherine Capozzi has been writing business, finance and economics-related articles from her home in the sunny state of Arizona. She is pursuing a Bachelor of Science in economics from the W.P. Carey School of Business at Arizona State University, which has given her a love of spreadsheets and corporate life. By Catherine Capozzi, eHow Contributor Maintaining business ethics is a worthy goal for all multinational corporations, but not always possible or advantageous. The reality of international business is that upholding these arbitrary obligations comes with severe disadvantages. In many ways, abiding by a self-imposed standard of business ethics impede a company's ability to eke a profit when others are far less likely to abide by similar unenforceable ethical obligations. Other People Are Reading * The Code of Ethics of Auditors * The Advantages and Disadvantages and Pros and Cons of Social Obligation * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- Print this article 1. Wage Ethics * Few consumers would profess that 8-year-olds working 16-hour days in a dimly lit factory is ethical. And yet several large multinational corporations disregard these issues in favor of producing a product...
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...Importance of Ethics in International Business Executive Summary Ethics in the business world is important and global. Ethics indicate what is right and what is wrong in business branches and also lead employees and stakeholders with moral values. Due to the globalization of markets and production processes, business people have to deal with ethical issues in cross-cultural settings at an increasing number. The purpose of this paper is to explain the importance of international business, emphasise the ethics of a business and the significance of ethics in terms of expanding internationally. Ultimately, creating and maintaining acceptable organizational ethics will become beneficial in international business. Why do businesses expand internationally? Expanding a business to an international level has a huge upside. In a broader sense, without international trade, countries could only consume what they produce domestically, making it harder for every single country. An international business opens new opportunities such as new markets and more jobs. Today, developing countries represent about 80% of global population. Uncertainty and legal applications are sometimes great sources of concerns in international business operations (Hewhorn, 2008). Therefore, an international business has to take into consideration and become aware of the countries in which operating in. Today, companies are affected by global events and competition whether the corporation is enormous or...
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...Cultural Issues and Ethics in International Business Introduction The expansive and unstoppable process of globalization has forced employers to form their ability to trade and negotiate with the outside world. However, it is important not only they are immersed in this subject, your staff, or one who is qualified to do so, you should also have access to the most significant aspects of foreign trade, logistics, and the impact. Companies are not limited to conduct private and government operations locally, but also with other countries. Precisely what we call international business is the relationship between an organization and its external world (Maddox, 1993). This type of activity also involves foreign trade and international, which includes transactions such as exports, imports, investments, or financing that are performed worldwide. Among the success factors that can be mentioned in the international business operations are competitiveness, financial support between the parties and logistics. This aspect is very important because when the actors involved are from different countries or regions, the business success is more complicated. In analyzing the economy, we must review the dimension that transcends the borders of a country, i.e. which addresses the problems international economic purposes (Maddox, 1993). The importance of international relations in trading, politics or culture has reached a global level, a deeper meaning that one cannot speak only about...
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...Ethic Analysis According to all the effects and changes that have been taken during the interaction between cultures, it is very difficult to agree with other people who are from another country and have different way of thinking. It is important to be informed about the culture that we are interacting and everything that involves it since at the time of making decisions, it is necessary to take into account the effect that may have these differences. In this analysis I´m going to compare and discuss the differences between the ethics from one country with another, which are the United States and Mexico, and how they can affect the way they make their business. Starting with the United States, the government had decide to established corporations who engage the audits in each of the companies in the country to have more control in their regulations and to be sure that they are fulfilling all the laws and regulations that were previously set. With these regulations it has been a reduction of frauds that has being done, and also illegal operations between companies from another countries. These had been set also because corruptions has becoming more and more strongly to the country, so the government wants to have a total control. On the other hand it is Mexico, in several of their companies and general business, there have been problems because of the high levels of corruption, but the difference from US is that in Mexico the government is the one that is involve along...
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...Chapter 4 - Ethics in International Business Introduction • Business ethics are the accepted principles of right or wrong governing the conduct of business people • An ethical strategy is a strategy or course of action that does not violate these accepted principles Ethical Issues in International Business • Many of the ethical issues and dilemmas in international business are rooted in the fact that political systems, law, economic development, and culture vary significantly from nation to nation • In the international business setting, the most common ethical issues involve - Employment practices - Human rights - Environmental regulations - Corruption - Moral obligation of multinational corporations Employment Practices • Ethical issues associated with employment practices abroad include - When work conditions in a host nation are clearly inferior to those in a multinational’s home nation, what standards should be applied? - While few would suggest that pay and work conditions should be the same across nations, how much divergence is acceptable? Human Rights • Questions of human rights can arise in international business because basic human rights still are not respected in many nations - Rights that we take for granted in developed nations, such as freedom of association, freedom of speech, freedom of assembly, freedom of movement, and freedom from political repression are by...
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...International Business Ethics Christy Camen BUSN310-1103B-01 IP 5 American InterContinental University International Business Ethics The first country that I chose was Malaysia. The countries environmental regulation level is balanced as of right now. The policies are being continued in the five-yearly National Development Plans (Maidin, 2005). It takes a lot for a country to develop policies and legislative measures for regulating the environment. In Malaysia they have set goals that will balance socio-economic development and maintain sound environmental conditions (Maidin, 2005). I think that the country’s environmental regulation is sufficient. If you think about it every country has room for improvement on the level of environmental regulation. Malaysia has come a long way from where they were a few years ago. They have gotten better at conserving energy and preserving their land. There have been three major legislative acts that have been passed regarding the working hours and wages in Malaysia. The acts are the Employment Act of 1955; Trade Unions Act of 1959, and the Industrial Relations Act of 1967 (Murray, n.d.). In Malaysia their work hours must not exceed eight hours a day, or 48 hours a week (Murray, n.d.). They get paid overtime which is 1.5 times the regular hourly wage for a normal working day, twice the normal wage on rest days and three times the regular hourly wage on public holidays (Murray, n.d.). Their working hours and wages are almost...
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...Unit 5-International Business Ethics Miranda Misercola American InterContinental University November 7, 2015 Abstract The purpose of this paper is to analyze two different acquisitions or mergers to demonstrate how such business transactions can cause legal barriers to entry market. Possible ethical dilemmas that are present within the relations between the companies will also be discussed. Furthermore, the drawbacks consumers have to face when two companies merge will be addressed as well. Introduction An investigation into a pharmaceutical company’s supposed intentions to curtail generic competition regarding an antidepressant drug, which is the company’s best brand name seller, has brought about a few questions as to why the company would do this to consumers. Prescription medication is expensive enough without pharmaceutical companies hindering the market entry of its generic counterparts. Generic medication gives consumers a choice to spend more or to spend less for their health care, and in the long-run gives them a choice for a more cost-effective livelihood. Without the options of choosing a cheaper form of medication, consumers are being taken advantage of. This leaves no room for choice and thwarts fair market competition. With a 22% increase of profits in comparison to the previous year, it is quite obvious that this brand- name manufacturer and generic companies have disobeyed federal antitrust laws. Therefore the Federal Trade...
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...Research Design Checklist Dr. Ken Mease Below is a checklist to guide you through the development of your research design (RD). It outlines the necessary ingredients for a proper research design and summarizes many of the important concepts. For more in-depth information about any stage of the process, consult a good research methods text, such as Bernard's Social Research Methods Sage Publications, 2000. Copies are available in the UWI Library. The mini checklists at the end of most sections contain questions that your RD must answer! 1. The Problem Statement. The first step is to clearly state the problem or objective of your study. Discuss the problem and provide some background statistics and/or history. A general discussion should come first, followed by one or more (not too many) research questions aimed at addressing the problem in some meaningful way. 2. Literature Review. It is always good to place your intended research within existing research. With a little research you should be able to find people (scholars) who have examined similar question/s and/or problems. Do not re-invent the wheel. • Theory Defined - a set of related propositions that suggest why events occur in the manner in which they do. Think of theory as a conversation you want to join and add something to. The conversation is among people (social scientists or practitioners) who share an interest in your problem or research question/s. 3. Hypotheses. Now that you have placed your...
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...North of the equator is a tiny city-state called Singapore; It is known for its business economy thriving. It started as being a poor crown colony to the second highest GDP in Asia. Japan is of course number one (Introduction, 2003). Another country running long north and south is called Taiwan. 1. Singapore has made it very easy for someone to get a permit to work there. This includes other nations to do business as well as investing in this country (Bernhardt, 2010). As for Taiwan they have environmental laws described as a fig leaf. This leaf is barely disguising the rape of the environment (Environmental nightmare of the economic miracle, 2006). 2. Singapore has no minimum wage for their workers. The employees there must be paid at least once a month. Some companies do give a bonus of an extra salary but it is not required. There employment act may not require the workers to work more than eight hours or forty four hours a week (Bernhardt, 2010). When it comes to wages and work hours in Taiwan their employees and employers have to agree upon the wages. It is like a contract. The employees’ wages cannot be less than each jurisdiction. Singapore does not count. When it comes to the hours that they work depends on the jurisdiction and they hours are between 40-48 hours a week (Hyun, 2007). 1. The latest environmental legislation is called Environmental Impact Assessment Act. This includes more procedures for citizens as well as environmental interest group...
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...entered into that foreign market. The primary objective is typically profits, a secondary could be expansion, an initiative to become a globally known brand and gain international market share. Once the fundamental question of “why” is answered, the remaining issues, such as foreign government policies, can be addressed as well. So should a company comply or defy? Proponents of both sides of the fence are up in arms and ready to debate their stance. Proponents argue loss of market share if a company decides to leave a potentially new market, especially an international market. And proponents of defying the compliance terms are citing moral and ethical beliefs which make it wrong to comply with a communist government (http://hbswk.hbs.edu/item/5246.html). So who is the victim and who is the winner? I think that both sides are equally at loss as well as gain. If a company decides to leave due to compliance issues, chances are their competitor will step in and dominate that market. It is often difficult for a company to enter into the market as a secondary and gain market share. Foreign investments are both risky and expensive to finance, organizations determined to gain market share should certainly comply with the rules and regulations of the foreign market in which they wish to do business in. On the other hand, do we forego our moral and ethical values simply because we are on foreign soil? Are...
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...Management COURSE OUTLINE ATW 395/3 – International Business Lecturer: Dr.Shankar Chelliah (DBA) Day/Time/Venue: Monday/9.00-10.50am/DK S email: shankarchelliah1@gmail.com Tel: 04 653 3426/012-4618731 Office: Level 2, Room 216, School of Management COURSE SYNOPSIS The course aims to introduce the core knowledge of international business as a core subject in the bachelor program. The students will be exposed to globalization, international business theories, government intervention in international business, emerging market, foreign market entry strategies and the existence of regional economic integration that affect international business. COURSE OBJECTIVES The objectives of the course are: 1. To enable students to understand the impact of globalisation and the key issues facing international businesses 2. To explain the environment in international business such as politics and law, emerging market and the regional economic integration 3. To make students appreciate the existence and use of fundamental international business theories and its evolution 4. To enable students to understand the various entry modes available to capture international market LEARNING OUTCOMES At the end of the course, students will be able to: 1. Acquire the pre-requisite knowledge of venturing a business at international level and describe the key concepts that driving globalization 2. Comprehend the environment of international business where the firm operates, and the challenges...
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...BUSA 3000 / Globalization and Business Practices Wednesday 7:15pm- 9:45pm ADL 224 Fall 2013 INSTRUCTOR: Dr. Evaristo Fernando Doria Cell 408.348.4217 Email: edoria@gsu.edu Office: J. Mack Robinson College of Business / 35 Broad Street / Floor 14 / Suite 1419 Student Office Hours: Tuesday and Thursday 4:00pm to 5:00pm. Request always an appointment to edoria@gsu.edu. Email during this course for assignments and exchange of information: busafall2013wednesday@gmail.com. All emails will be answered by instructor within 7 working days. If not, please contact instructor asap. [pic] @edoriaGSU This is my Business Newsletter for my Current and Former Students. You are invited to follow it. It will provide you with information about new job opportunities, business advice, global news, and other topics. TEXT and REQUIRED READINGS: Soft Cover available at GSU Bookstore: International Business: Strategy, Management, and the New Realities by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger, Pearson Prentice-Hall, 2012. (ISBN 9781269390705.) Hard Cover includes material to be taught at IB 3090 course: International Business: Strategy, Management, and the New Realities Third Edition by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger, Pearson Prentice-Hall, 2012. (ISBN 9780132991261.) Also Required: Reading the business section of foreign newspapers for your assigned country and other information sources about this country (suggested places to start: http://www...
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...GarcíaMiroslava Hernandez Rocha | Matrícula: 27531002744981 | Name of the course: International business management | Teacher: Aaron Rodríguez Delgado | Lesson: International Business Environments | ------------------------------------------------- Activity: Project part 2 | Date: March 7, 2016 | Bibliography:https://www.facebook.com/Owl-Canvas-Mexican-Temptation-283300278508514/?fref=ts https://www.payless.com/ | INTERNATIONAL ENVIRONMENTS AND BUSINESS OPERATIONS — TERM PROJECT — PART 2: CHOOSING YOUR CLIENTS For this second delivery of your term project, you will pick two prospective clients to work with for the rest of the project: first, a company headquartered abroad that is currently exploring the idea of entering the Mexican market with their product or brand; and second, a real Mexican small business (PyME) of your choice (preferably from your own community) that is ripe for an international expansion. Both selections will be accompanied by a general description and an analytical justification. This exercise is particularly important for you because not much success is achieved without really knowing your clients and the people they work with. YOUR ASSIGNMENT SHALL INCLUDE: The description of a fictitious foreign company that is about to enter the Mexican market. * Business, administrative and contact information. * Introduction and strategy. * Business concept. * Management and ownership. * Current customers and projects (including...
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...Bab. I Pendahuluan I.I Abstrak Artikel ini dimulai dengan analisis rinci tentang bagaimana pilihan situasi dari sebuah kontrak sosial bagi etika bisnis internasional yang dapat dibangun dan dibenarkan. Situasi Pilihan dikembangkan dengan menganalisis konsepsi dari perusahaan multinasional dan wilayah dari bisnis internasional. Hasilnya adalah negosiasi hipotetis antara dua karakter fiksi, J. Duncan Grey dan Elizabeth Redd, yang masing-masing mewakili kepentingan bisnis dan masyarakat yang ingin terlibat dan terlibat dalam perdagangan internasional. Negosiator menyepakati prinsip-prinsip etika yang mengatur upah, lingkungan, dan norma-norma sosial dan budaya kepatuhan. Prinsip-prinsip ini kemudian ditampilkan untuk keseluruhan dalam kesetimbangan reflektif yang luas dengan menganggap penilaian moral etika bisnis internasional, yang diambil dari perjanjian internasional, seperti Deklarasi PBB tentang Hak Asasi Manusia, dan inisiatif bisnis sukarela, seperti Sullivan Prinsip global dan PBB global Compact. I.II Latar Belakang Perkembangan serta kemajuan zaman dimana munculnya teknologi baik transportasi maupun komunikasi yang merubah bisnis, dimana tidak lagi dipandang sebagai suatu bidang yang kecil melainkan dapat mencangkup bidang yang luas dan tidak terbatas baik wilayah maupun cakupan yang dipengaruhi oleh bisnis itu sendiri. Hal ini berkaitan dengan makin berkembang dan banyaknya bisnis yang berskala multinasional maupun internasional. Bisnis sendiri telah menjadi salah...
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