Ethics in Global Business?
485492
In my mind, and this will get you started, the biggest issue facing us today is the use of 'outsourced labor' in such industries as IT and manufacturing. The big concern is that a product can be manufactured outside of the country, for a huge cost saving. Labor costs across the globe are far from equal which means that a company can maximize it's profits by reducing production costs. Many manufacturing companies have been doing this for years by taking advantage of ridculously low production costs in China. The trend started to spread to the IT sector in the 1990s when Indian labor became a viable option. Today, when you call a product support number, or even when you call your bank, you may find that you are speaking with an individual in Bangalore.\n\nOne obvious concern is that no attention is paid to domestic unemployment which is bound to increase as a result. To put that into context, you may have an engineer or a software programmer who has studied for years, suddenly find him/herself in an ever diminishing job market.\n\nAnother issue that has been evident for some time is the use of 'sweat shops' in foreign countries to produce clothing and footware. Nike has been accused of using ultra-cheap labor to produce its shoes, for instance. And, did you know that 'The Simpsons' is partly produced in Korea?
256629
Do you mean "ethical"? And: you need to be more specific.
8350
Workplace Ethics are defined by kind of work that is in hand apart from Ehtics that are applicable in CIVIL society. There are many organization that offer workplace ethics training and while browsing some of their values I tend to believe in following.\n\n1. Professionalism, \n2. Accountability, \n3. Avoidance of harassment and discrimination, \n4. Occupational health and safety, \n5. External communications to shareholders, clients and the public, \n6. The balance between transparency and openness on the one hand and confidentiality on the other, \n7. Community relations, \n6. Responsible business practice (prohibitions on bribery, gifts, nepotism, self-dealing), and even \nbusiness goals (such as becoming market leader). \n\n\nGo to following link to read nice article.
371856
first learn the industrial management and enhance ur ethico-moral values ........... then a big YES
957405
The corporate mentality is that anything is ok that reaps a profit. There is no morality at the upper levels of corporate existance. Those in the upper levels expect their subordinates to conform to the corporate ethic to the exclusion of all else. So, yes. The corporate mind in MOST corporations is contributing to the downfall of morality worldwide.
734277
Well ... though most of us have an illusion that morality and ethics have strted to die out in the field of business ( Imyself used to think that earlier ! ) , yet there is evidence that those companies who have a well defined ethical code for their employees as well as fir the customers are successful to form a good "public image", which proves to be instrumental in boosting up a company's profit. There is also statistical data available on that. I know all this now cuz recently i had a chance to give presentation on business ethics in college and for that i had to do extensive " research" . So the verdict my friend is ... there still is room for ethics and morality in business world ..( though the intention behind the same may not be genuine ) ...
467790
I would agree that theres probably no one who would disagree with your question/quote. With the exclusion of the actual corporations who often dont really abide by any real social responsibility. The old adage is that corporations are not responsible to society, merely to their stakeholders. This may be changing slowly in some quarters but remember, the primarly goal of any corporation is and always will be --- profit.
1020623
I DONT THINK THEY LOOK AT IT AS AN ETHICAL CHOICE,  ITS BUSINESS.  AS A BOSS I WANT TO KEEP THE BEST WORKERS HAPPY SO THAT THE SLACKERS EITHER LEAVE OR PICK UP THEIR PACE.   I THINK ITS NECESSARY FOR A MANAGER TO COMPARE HIS/HER EMPLOYEES WHEN THERE IS A PROMOTION IN LINE.  THE BEST WORKER SHOULD GET AHEAD.
88115
Business in our society today is often a word used to validate what would be considered outside the business world as very negative behavior.  Take Wal-Mart for example: uses slave labor, helps to destroy the environment and downtowns, treats the employees like dirt, and produces cheap plastic crap.  But it’s just business you know.  That saying is being used a lot lately for immoral behavior.   To me business should mean what you’re doing in the world to make it run smoother and give yourself a place in functional healthy society.  Not the dictionary definition, but I didn’t think you were asking for that.
278217
First guy's right.  I think Bush's stance is that why should we follow all these expensive rules if other countries don't have to.  (By other countries, we're talking developing nations - so the argument is that as a developed nation, we have a greater responsibility.)\n\nOf course, Bush's argument has a point -- how can we compete in an increasingly global market if we start off already behind (our companies have to adhere to standards that other countries companies don't.)
864445
'CULTURAL UNDERSTANDING' CITED AS LEADING SKILL FOR GLOBAL MANAGERS, SAYS COLUMBIA EXECUTIVE EDUCATION SURVEY\n\n'PEOPLE SKILLS' AND 'COMMUNICATIONS' ALSO IDENTIFIED AS KEY ATTRIBUTES IN STUDY OF INTERNATIONAL EXECUTIVES\n\nGeneral Managers Getting Younger; Most Meetings Still Face-to-Face\n\n \n\nNEW YORK, NY - October 19, 2004 - "Cultural understanding" was by far the primary skill required in a global manager, according to a study conducted by Columbia Business School's Executive Education division. While more than 50% of the respondents identified that attribute to be key, the survey also found that "people skills" (30%) and "communications" (30%) were also highly valued traits for managers of international enterprises.\n\nThe respondents to the survey were attendees of Columbia Executive Education's seminar "Executive Development Program: The Transition to General Management." The program is designed for executives new to general management or being groomed for General Manager positions with cross-functional responsibilities. Three quarters of the participants were from outside the United States, with the largest concentration from Asia.\n\n"The international makeup of our participants gives this survey particular importance," says Ethan Hanabury, Associate Dean for Executive Education at Columbia Business School. It is no surprise, he says, that cultural, interpersonal and communication skills rank so high: "The executives in our survey represent the front lines of global management. They understand that these skills are the foundation of strong leadership, especially on a global level."\n\n______________\n\nOther findings of the Columbia Executive Education study:\n\nGeneral Managers Are Getting Younger\nNearly two thirds (64%) of the global executives surveyed reported that General Managers are being placed in those positions at a younger age, nearly ten times the percentage (6.7%) of those who believed that GM placements are going to older candidates. They were evenly divided on the ease of attaining the position, compared to five years ago.\n\n"The executives who say it is easier now to become a General Manager credit the greater emphasis on an individual's capability, mentoring, ongoing education and a sense that corporate environments are more receptive to change," comments Dean Hanabury. "This conclusion is supported by our finding that nearly two thirds of the respondents to our survey believe that General Managers are achieving those positions at a younger age."\n\n________________\n\nGlobal Team Meetings Still Predominately Done In Person\nThe Columbia Executive Education survey findings also demonstrate that, despite technological advances like video conferencing and webcasts, global team meetings are still predominantly held in-person.\n\nOver the last three years, respondents said 49.4% of their global team meetings were held in person; 25.3% by conference call; 18% through instant messaging; and, surprisingly, only 4.5% by video conference/webcast.\n\n"With nearly half of the executives reporting that global meetings are held in person, these results underscore our findings about the importance of cultural understanding and communication as important skills for global managers," says Dean Hanabury. "When you really need to get the message right, nothing beats a face-to-face meeting."\n\nAbout Executive Education at Columbia Business School\n\nConsistently top-ranked in Executive Education by the Financial Times and other surveys, Columbia Executive Education is a division of Columbia University's Graduate School of Business. It offers programs that deliver a global perspective on the latest theories and trends driving business around the world. Columbia Executive Education offerings include open enrollment programs for individuals and customized programs to meet specifi
530036
I wouldn't think there should be eny ethical issues. If the competitors are doing a good job, the purchasers will know it, and vice versa. Nothing wrong with someone asking questions to those who would know...I would think the ethical issue would be if the competition was doing a poor job or handling their matters unethically, and nobody did anything about it, and then the all the rest of the competitors can fill in the gap and provide the purchasers with excellent service.
229022
I'm not sure that your marketing instructor will appreciate this, but even though your environment (customers, suppliers, investors, community...) will punish you if it thinks that you are unethical, choosing to be ethical still incurs an opportunity cost.  Think like this, you are Nike and you have six low cost suppliers for sneakers, just like Reebok.  If you know that the two cheapest ones employs children and choose to use neither, you are constricting your options to compete.  Not all questionable actions are found out.\n  This is why I detest linking ethics to profitability.  It's so hollow to follow the "Right path" because it makes you more money, instead of value driven behavior being done for more fundamental principles.\n\nGood luck to you on this....
532277
Come on lad, which country are you talking about yahoo answers is global? nd shouldn't you be doing your own homework, like researching this stuff up yourself!!!
586224
Yes obviously most corporates today are multinationals because of the global nature of business.
938999
Ethics are action that are fair. Now have to deceived what is fair in any action you do. You can always guide people if they are not fair in their action.
182999
It woudl be nice as most corporations are international compnaies however who would enforce the standard?