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Business Ethics And The Global Dimension Of Business

1886 words - 8 pages

Business Ethics and the Global Dimension of Business

SUBJECT: Business Ethics and Global Dimensions of Business
Previously, we developed the business framework and strategic business plans pertaining to the Human Resources and Operations Management. Next we need to address the organizations ethical and social obligations for the corporation on a global aspect for the new plant. Also, due to nearly 20% of the sales are anticipated to be within overseas markets, we will concentrate on the international management considerations connected to the international sales of ABC Complete Kitchen Inc’s products.
Business Ethics
Management needs to recognize that they have an ethical and social obligation to more than the shareholders. The organization also has a moral and ethical obligation to its stakeholders such as its workers, communities, customers, and suppliers. Not much consideration has been given to this subject. According to research done by Arnold (2013) “The obligations or responsibilities of non-state institutions, especially corporations and other business enterprises, has received much less attention from global justice theorists” (p. 126). There are different types move moral values, moral, immoral and amoral. Moral managers treat stakeholders ethically, amoral managers does not go against or for ethical treatment. Immoral managers only care about themselves. The organization needs to establish a policy to where each person is required to treat all stakeholders with integrity and follow all international and local, state, governmental rules and regulations. Managers need to keep an open line of communication with the stakeholders.
Communication
The organization can communicate with the stakeholders through the use of its mission statement, newsletters, and public service announcements, and the stakeholder need to communicate any issues in a civilized manner to the corporation (Edition, 2011). Another way an organization can communicate with stakeholders is with the use of “the triple bottom line expands traditional financial reporting to include environmental and social reporting. It purports looking beyond just the financial numbers and including the environmental performance and social performance of the company in an all-inclusive company report” (Edition, 2011, 427).
Employee stakeholders
The success of any corporation is through its employees. The company needs to offer incentives in order to hold, attract, and sustain its key skilled personnel. It would be to our advantage to have high ethical values, and a robust holistic culture that pays tributes to the workers that contribute to the success of the company. As the results of this, we can avoid losing our key employees to our competitors. Strong ethical behavior needs to start from the top and trickle down stream. When employees see management is committed to having positive ethical values, it will give them the initiative to do the same. Another way to inspire...

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