...Business Ethics and Globalization Checkpoint Robbie Cartwright Organizational Ethics and Social Responsibility XMGT/216 February 24, 2012 Jeoffrey Bispham Business Ethics and Globalization Checkpoint The globalization of business has presented various ethical issues. For example, there is more interaction between the people from different cultural backgrounds. In addition, the need for adequate support and cross-cultural training with clear guidance about goals and expectations associated with the overseas jobs is vital to the success of the expatriate manager (Trevino, 2007). Ethical issues, such as dealing with payoffs and bribes, child labor, or worker safety can be different in other countries. The expatriate manager or employee must be trained in the workings of the cultural and governmental beliefs and laws. Child labor may be an ethical issue in America, but is allowed in another country. At the same time, business negotiations based upon bribes and gifts might be allowed and encouraged in yet another country. The manager must understand and recognize that perceived similarity can cause failure because of the lack of preparation for the cultural differences (Trevino, 2007). Being familiar with the culture and the study of the target country’s governmental structure can enable the expatriate manager’s development of effective ethical codes and guidelines. References Trevino, L. &. (2007). Managing for Ethical Conduct in a Global Business Environment...
Words: 272 - Pages: 2
...PRINCIPLES AND STANDARDS OF CONDUCT It is Company X’s commitment to: Provide equal employment opportunity and treatment regardless of race, religion, color, sex, age, national origin, veteran status, marital status, sexual orientation, disability, citizenship status, pregnancy, genetic information or any other protected group recognized by applicable federal, state or local laws. Monitor and comply with applicable federal, state, and local laws and regulations concerning Team Members’ safety. Provide job-related training consistent with the Company’s requirements for Team Members whose needs, capabilities, and desires warrant such training. The Company expects all Team Members/Associates to: Begin work on time and complete a productive, full work day. Exhibit a respectful, nice, and positive attitude toward other Team Associates and to our customers. Comply with the policies, requirements, and procedures adopted by the Company. Follow directions and instructions from their supervisor regarding normal work activity. Not interfere with the orderly work of others and not loiter on company premises while off duty. Unauthorized appearance on company premises while off duty is strongly discouraged and your presence must not interfere with the orderly work of others who are on duty. These expectations should not be interpreted as discouraging any Team Member from presenting a work-related complaint to Greystar management while off duty. Ensure personal...
Words: 2165 - Pages: 9
...COURSE DESCRIPTION This course provides a foundational perspective for ethics and social responsibility in relationship to individuals, organizations, and the community. Emphasis is placed on the inter-related nature of ethics, morality, legal responsibility, and social issues Week 1 - Topic 1: Ethical and Moral Perspectives Objectives Describe the difference between ethics and morality. Compare major ethical theories. Explain the relationship between virtue, values, and moral concepts. Materials Textbooks used in this course: EBOOK COLLECTION: Boylan, M. (2009). Basic ethics (2nd ed.). Upper Saddle River, NJ: Prentice Hall. EBOOK COLLECTION: Trevino, L.K. & Nelson, K.A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed.). Hoboken, NJ: John Wiley & Sons. Readings for Week One: EBOOK COLLECTION: Chapter 6 of Basic Ethics EBOOK COLLECTION: Chapter 11 of Basic Ethics EBOOK COLLECTION: Chapter 12 of Basic Ethics EBOOK COLLECTION: Chapter 13 of Basic Ethics EBOOK COLLECTION: Chapter 10 of Basic Ethics ARTICLE: Week One Electronic Reserve Readings Other Materials for Week One: ETHICS GAME: Ethical Lens Inventory Assessment WEB LINK: Week One Individual Assignment: Ethics Essay Please see the instructor-issued syllabus for further details on individual and Learning Team assignments. Week 2 - Topic 1: Individual Responsibility in the Community Objectives Describe the responsibility of individuals to the community. Evaluate the...
Words: 495 - Pages: 2
...“Business ethics in the workplace is about prioritizing workplace moral values and ensuring that employees align their behavior with these values - its values of management. Yet there are many myths abound about business ethics and the majority of these come from a general confusion about the concept of ethics, while other myths come about from constricted or one-dimensional views of ethical predicaments”. (McNamara, n.d.). The first myth of business ethics says that it is more of a focus on religion than effective management. “Altering people’s values or souls is not the aim of an organization ethics program however managing values and conflict among them is…” (Kirrane, 1990). Business ethics should be about conflict resolution and value management. Certain other segments of people in management believe that business ethics equals corporate social responsibility. That however is not the case. In fact corporate social responsibility is only a small part of the concept of business ethics. Corporate social responsibility concerns itself with business management and society interfacing and not at all with ethics in the workplace, even though both concepts fall under the field of business ethics. “Business ethics is an application of ethics in the corporate community and also a way to determine business responsibilities. It identifies important business and social issues along with business critique”. (McNamara, n.d.). Management of practical matters of ethics in the workplace...
Words: 391 - Pages: 2
...The Importance of Business Ethics Business ethics has been described as a social science; it is a vast field and can often be problematic as it tends to mean different things to different people. It generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders. The term ethics can have many different definitions in a broad context and it can be difficult to find common understanding of the term which will be later discussed. Business ethics poses many different advantages and opportunities for businesses once correctly done. Business ethics refers to “managing corporate citizenship and sustainability in the age of globalization” (Crane, A., Dirk, M. 2004). Ethics is broadly concerned with the values underpinning action or behaviour’s for the individuals, organisations or societies. Being ethical is an aim of corporate governance and should be supported by the framework of controls within an organisation, however it is often a very complex problem which requires an in-depth understanding of the many factors which contribute to employees’ decisions to behave ethically or unethically (Stead and Worrell, 1990). Ethics within a business are often the moral standards which are relied upon in order to reach a conclusion and make decisions; they are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants within a business. Public interest has...
Words: 1637 - Pages: 7
...| Course Syllabus School of Business MGT/216 Organizational Ethics and Social Responsibility | Copyright © 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course provides a foundational perspective for socially responsible management practices in business. Special emphasis is placed on the inter-related nature of ethics, moral, legal, and social issues in managing individuals, groups, and the organization within a business environment. Policies Students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials DeGeorge, R. T. (2010). Business ethics (7th ed.). Upper Saddle River, NJ: Prentice Hall. Trevino, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed). Hoboken, NJ: John Wiley & Sons. All electronic materials are available on the student website. Week One: Fundamentals of Business Ethics | | Details | Due | Points | Objectives | 1.1 Differentiate between...
Words: 1429 - Pages: 6
...Ethical and Moral Issues in Business MGT-216 10-23-2010 Ethical and Moral Issues in Business Businesses and individuals face ethical dilemmas on a daily basis. We all have to have some level of concern for the decisions that we make in life because our decisions affect others in many ways. Businesses definitely have to care about ethics because their employees depend on them to help define the boundaries of acceptable and unacceptable behavior (Managing Business Ethics, 2007). Individuals face moral issues as well as ethical issues. People are motivated by economic and moral concerns. We, as individuals, have to care enough about each other to make ethical and moral decisions throughout our lives. Most times, the decisions that individuals make will affect others in one way or another, so it would be wise to think things through before making any unethical or immoral choices. Some individuals believe that there is no huge difference between morals and ethics, but there is. Morals define personal character, while ethics stress a social system in which those morals are applied. This means, ethics point to standards or codes of behavior expected by the group to which the individual belongs (www.wisegeek.com, 2010). An example of an ethics would be if the CFO of an organization allowed the accounting clerk to record payments received from clients, write checks and perform bank reconciliations every month. In the accounting world, this would be deemed unethical because...
Words: 825 - Pages: 4
...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 a positive...
Words: 3216 - Pages: 13
... |School of Business | | |MGT/216 Version 5 | | |Organizational Ethics and Social Responsibility | Copyright © 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course provides a foundational perspective for socially responsible management practices in business. Special emphasis is placed on the inter-related nature of ethics, moral, legal, and social issues in managing individuals, groups, and the organization within a business environment. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials DeGeorge, R. T. (2010). Business ethics (7th ed.). Upper Saddle...
Words: 1628 - Pages: 7
...Ethics: Why is it Essential in Management? Michael Perez Dr. Marie Harper MGMT 618 28 February 2016 Abstract Ethics is a subject that most people or companies tend to avoid due to the complications that tend to arise when it is brought up. Though ethics can be a sensitive subject it is very important in life, business and especially in management. Managerial ethics is something that companies say they have when it comes to how they do business but are there managers really ethical or are they just looking the other way when it comes to ethical issues that might arise within their company. Keywords: Ethics, Management Ethics: Why is it Essential in Management? When it comes to ethics in management it is essential for business to have, but most of the time it is just a way for businesses to check off the box saying “My business has ethical leaders”. This can be said for companies, branches of the military and people that hold a position over other people. As Marshall Schminke states in his book, Managerial Ethics Managing the Psychology of Morality, Ethics is not something that can be taken lightly due to the fact that it is something that holds great value when it comes to how people see a leader or manager. Though it may be hard for companies to say yes all of my managers are ethical it is something that is an ongoing process within companies (Schiminke, 2011). Ethical Leadership When it comes to management nowadays it has many issues that affect the way business...
Words: 2664 - Pages: 11
...1.0 Introduction Corporate social responsibility (CSR) has become more important in the current business environment. CSR can be defined into action that are taken by organization that goes beyond making profit and legal obligation towards the society adapted from (Ghillyer, 2010) and (SCHWARTZ & SAIIA, 2012) (Brown & Forster, 2013)). More company also nowadays become more aware of CSR (Bondy, et al., 2012) and sees it as a positive tools (Harjoto & Jo, 2011) As an organization fail like in the case of Midland and Southern Bank people are become more interested in how is an organization going (Johnson, et al., 2009). The interest shift as problem hits, as organization rely on peoples trust to run the organization (Cohen & Dienhart, 2013). This cause the organization to have more moral obligation to the growing network on stakeholders (Polonsky, 1995). Management especially in the case of Midland and Southern banks are being judge by stakeholders morally. As organization obligation re managing stakeholders (Nicholson & Newton, 2010). Approaches that are taken to judge organization are shown in research by Carroll’s (1987) (Carroll, 1991) which will be further discussed below. However, Midland and Sothern bank in the end was acquired by HSBC after it failure (Lee, 2009). It also seems that based on the case government started to create more firm regulation after the issue happen. 2.0 Senior Management Role and Obligation: high salary justified or unjustified? Senior management...
Words: 4541 - Pages: 19
...news today is full of sensational reports involving scandals. Stories of abuses of power, bribery, corporate mismanagement, stealing and other disgraceful behavior constantly assault our consciences day after day, leading us to question the place morals and ethics really have in today’s world. For a business to be successful, morals and ethics are paramount (DeGeorge, 2010). All stakeholders in a business must be able to define, maintain, and defend the ethics of their organization. After carefully reading the first five chapters of Managing Business Ethics, I will now take the time to define differences between ethical issues and moral issues, the differences between personal ethics and business ethics, and then provide relevant examples of common ethical problems in business. Morals and Ethics are often used interchangeably, referring to a certain code of acceptable behavior within a social context. However, there are subtle differences. Moral standards are determined by a society as a whole. These are the standards of right and wrong that individuals are born into, perceive growing up, and are defined in adulthood. Ethics are a modified from these same standards, applied to an organization. Simply worded, ethics are born of morals. Because moral standards are determined by society in general, and our society is very diverse, moral issues can vary somewhat person to person. Ethical issues, in contrast, are clearly defined within professions, businesses, and organizations...
Words: 513 - Pages: 3
...Managing Ethics in the Workplace Managing workplace ethics promotes shared values that result in better cohesion of the workforce, and play a crucial role in the success of any organization Workplace ethics are the application of morality, or concepts such as good and bad, right and wrong, justice and virtue to all activities of the business. It closely relates to corporate social responsibility, but is much wider in scope. The scope of business ethics lies in two dimensions: 1. Workplace behavior ethics, or the illegal and questionable practices of individual managers, such as wrongful use of resources, mismanagement of contracts and agreements for personal gain, conflict of interests, and the like. 2. Business ethics issues, such as ethical dilemmas when making decisions, dealing with stakeholders, and the like. The primary requirement for managing ethics in the workplace is an understanding that workplace ethics is a continuous and on-going process ingrained to management practices, and not a deliverable defined project. It influences the way the organization functions, and remains independent of profits or product range. • Ethics Policy Irrespective of the dimension of business ethics, the basic requirement for managing ethics in the workplace is to have a strong ethics policy in place that makes the company’s ethics policy transparent and objective. Such as, ethics policies need to highlight the organization’s underlying values, code of conduct for the workforce...
Words: 286 - Pages: 2
...Yekaterina Romanovich American Intercontinental University Unit 1 Individual Project Acct 310- Managerial Accounting February 17, 2013 The importance of a managing accountant to document and understand current spending as well as the cash flow. Reading future money patterns to know where and when to spend while still making money for the company. Using accounting information for managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. The knowledge to look forward and correct predict cash flow. Managing accountants aid companies in direct monitoring as well as measuring the efficiency of their accounting operations. While also focusing on limiting abuse or fraud by employees, managing accountants provide owners and managers with equitable assurance that the company’s financials are in order and there is room for profitable growth in the future. While managers plan the fiscal expenditures for a company, they need to acknowledge current expenses and limit said monies to remunerate back into the company. (Shanker, 2013) Owners and managers can use internal controls to limit the number of individuals who have access to the company’s accounting information. In doing so, they limit the opportunity for abuse of the sensitive information. Although both managerial accounting and financial accounting are crucial to a company’s success, managerial...
Words: 700 - Pages: 3
...LECTURE OUTLINE I. Stakeholders Define Ethical Issues in Business A. Stakeholders In a business context, customers, investors and shareholders, employees, suppliers, government agencies, communities, and others who have a “stake” or claim in some aspect of a company’s products, operations, markets, industry, and outcomes are known as stakeholders. 1. Stakeholders are influenced by business, but they also have the ability to affect businesses. 2. They apply their values and standards to many diverse issues—for example, working conditions, consumer rights, environmental conservation, product safety, and proper information disclosure—which may or may not directly affect an individual stakeholder’s own welfare. 3. They provide both tangible and intangible resources that are more or less critical to a firm’s long-term success. 4. Individual stakeholders that share similar expectations about desirable business conduct may choose to establish or join formal communities to advocate their values and expectations. 5. Stakeholders’ ability to withdraw—or to threaten to withdraw—valuable needed resources gives them power over businesses. B. Identifying Stakeholders 1. Stakeholders can be divided into two categories. a) Primary stakeholders are those whose continued association is absolutely necessary for a firm’s survival; these include employees, customers, investors, and stockholders, as well as the governments...
Words: 1579 - Pages: 7
