Ethics Is Vital For The Success And Longevity Of Any...

Introduction While the rise of globalization has brought about a great deal of opportunities for corporations, with it has materialized a new complexity in business transactions. Ethics relies heavily on the norms of one’s culture. Different ethical standards can reside not only within a country, region, or community; but also in a person-by-person basis. Therefore, there is no such thing as a strict protocol that a corporation can adhere to. The ability to adapt to situations in a case-by-case scenario is vital for the success and longevity of any international businessperson. Before conquering a strategy to respond to ethical challenges as they arise in my career I had to first and foremost determine just what ethics means to me, as well as if ethics in international business alters from the ethical decisions we make in our daily lives. This proves to be a daunting task as how to determine what is ethical and what is not varies from philosopher to philosopher. Friedman’s conclusion suggests that the social responsibility of a businessperson is to maximize profits and benefits for only those who have ownership in the company. This can be done in any and every way possible so long as it doesn’t involve deception or fraud – a common practice. Freeman suggests that businesspeople should balance the interest of stakeholders. Meaning that they consider the impact of their implications on suppliers, customers, employees, communities and shareholders interest. My moral compassShow MoreRelatedMarketing Analysis for the Sonic 1000 Pda9811 Words   |  40 Pagesof shareholder dollars, have been invested in the latest technological breakthrough from Sonic. The next step for any new product on the concept-to-consumer road is the development of a marketing analysis. The following pages will provide evidence of countless hours of research the marketing team has compiled in an effort to provide the best answers to questions that will prove vital in the marketing and sales of the Sonic 1000. Contained in this analysis is a recommendation as to the content andRead MoreFundamentals of Hrm263904 Words   |  1056 Pagesprinted by Courier/Kendallville. This book is printed on acid free paper. Copyright  © 2010, 2007, 2005, 2002 John Wiley Sons, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorizationRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesMBA Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−58539−4 Text: Effective Behavior in Organizations, Seventh Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital Feigenbaum−Feigenbaum International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management, Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell Leadership, Fifth Edition Hughes−Ginnett−Curphy The Art of M A: Merger/Acquisitions/Buyout Guide, ThirdRead MoreAccounting 1-4 Chapter100452 Words   |  402 Pagesyou might be thinking, â€Å"If I’m not going to be an accountant, why do I need to know accounting?† In response, consider this quote from Harold Geneen, the former chairman of ITT: â€Å"To be good at your business, you have to know the numbers—cold.† Success in any business comes back to the numbers. You will rely on them to make decisions, and managers will use them to evaluate your performance. That is true whether your job involves marketing, production, management, or information systems. In business