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    Module 5 - 1

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    Karen Jane Parahile
    International Business - Define ethics, its impact and develop and enforce ethical guidelines and standards

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    © All Rights Reserved
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    Module 5 - 1

    Uploaded by

    Karen Jane Parahile
    2K views2 pages
    International Business - Define ethics, its impact and develop and enforce ethical guidelines and standards

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    MODULE 5 - 1

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    © © All Rights Reserved

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    International Business - Define ethics, its impact and develop and enforce ethical guidelines and standards

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Module 5 - 1

    Uploaded by

    Karen Jane Parahile
    International Business - Define ethics, its impact and develop and enforce ethical guidelines and standards

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    (MODULE 5) ASSIGNMENT 1- REFLECTIVE THINKING

    1) Define ethics and discuss how it impacts global business?

    Ethics is about dealing what is good and bad and with moral duty and obligation. It is
    also a set of principles and theory or system of moral values. Here are some areas
    where ethics impact global business; ethics and management practices wherein ethics
    impacts various aspects of management and operations, including human resources,
    marketing, research and development, and even the corporate mission. The role of
    ethics in management practices, particularly those practices involving human resources
    and employment, differs from culture to culture. Local culture impacts the way people
    view the employee-employer relationship. Second, ethics and corruption and last is
    corporate social responsibility

    2) How does culture impact global business ethics?

    Culture influences how the local values of a particular country impact global business
    ethics and specific ethical behavior. There are areas where culture impacts global
    business in communication which essential to the success of any business venture but
    also critical in such way of lack of translation and also gestures. The other one is
    workplace etiquette, the norms around the world where being put together which also
    useful infographic for a quick reference of cultural differences in business etiquette
    globally. Last one is the attitude.

    3) How can global firms develop and enforce ethical guidelines and standards?

    Many global firms have set up ethics assistance lines - often called help lines – or
    help desks to offer support and give employees an opportunity to ask questions or
    report ethical concerns. An easy-to-use help line or desk can serve as a safety net that
    increases the chance of detecting and responding to unethical conduct in a timely
    manner. If a company is not making progress toward creating and maintaining an
    ethical culture, it needs to determine why and take corrective action, either by enforcing
    current standards more strictly or by setting higher standards. Corrective action may
    involve rewarding employees who comply with company policies and standards and
    punishing those who do not. If the firm fails to take corrective action against unethical or
    illegal behavior, the inappropriate behavior is likely to continue. Determining unethical
    behavior are important for companies' long-term relationships with their employees,
    customers, and community. If the code of ethics is aggressively enforced and becomes
    part of the corporate culture, it can effectively improve ethical behavior within the
    organization. If a code is not properly enforced, it becomes mere window dressing and
    will accomplish little toward improving ethical behavior and decisions.

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