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Global Business and Ethics, Essay Example

Pages: 1

Words: 1108

Essay

Introduction

Global means anything that has taken place internationally. Things like business nowadays compete for the global market. Countries like China have seen it better to compete with other superpowers countries like United States of America through the global market. If you look around, it can be noticed that almost everything we use come from china. U.S is able to use something from china because of globalization business. Due to that, lit can be concluded that global business is a form of a business reaching any corner of the world at any time (Chazok, 2002).

Ethical Dilemma in Cotton Company in South Africa (SACC)

SACC is a company that makes cotton in South Africa. Since it is a world wide organization, it comprises of different people coming from different background and religion. A problem occurred in one of its branches in Nigeria. The company was linked with many countries around the world like the United States of America. Being one of the African’s companies, the employees were to work full time depending on the clients decisions from either America whose local time is different from the African’s time. They used a lot of funds to put everything like the contacts in order. The employees wanted to be paid additional salaries because they could work overtime. The translators were to travel from different countries together with the brokers to avoid language barrier. But after a long run, the company succeeded by compiling with all the ethics of a global business. The business could travel in every part of the world since there was no any language barrier. All other companies were happy with how they were operating the business and the number of the clients increased which boosted the income of the company.

Ethical Issues That Became Evident as a Result of Globalization

When a company is dealing with any business which is global, it is important that there should no differences at top of the mind. The best thing is to understand the marketplace since your clients, vendors and business partners might not be having the same stand point on ethics and proper deeds than those you have in your own company (Zacharias, 2000). Therefore the following ethics became evident as a result of business globalization:

Understanding where you are doing business. Those who entered global market place required a global state of mind. People interacted internationally and acquired other people’s way of communication, feelings and ideas. It taught the members of the company on how to approach each person politely. This is because each person from different country comes from different background and different culture (Zacharias, 2000).

Be available and understand your global market. This forced the company members to corporate all the days to see things running smoothly. Other members from diverse countries wanted to be assisted all the time (Zacharias, 2000). Therefore the company taking any business globally was to have any contact or internet for communication around the world. Some found it difficult due to the time zones. Some of the companies could make a profit or loss and even others could loss the market because the products could not reach in time.

Do what your mother taught you. When dealing in business on a global level, some of the basic rules still apply which is play by the rules. Under the Foreign Corrupt Practices Act, it is illegal for any individual, firm or anyone in connection with the firm to pay, offer to pay or bribe in any fashion foreign government officials to obtain or retain business. One exception to this act is where firms will pay lower level government officials to secure routine government actions (Zacharias, 2000).  Getting into the global marketplace can be both challenging and extremely rewarding. Just be sure that you’re informed and ready to handle the additional responsibilities this work provides and you will have much success.

Ethical Perceptions Across Cultures in Regards to the Dilemma Situation

Culture is also part of the global business problem. For many companies, we find that the culture is based on the ethical judgment. However it is not the basis for arriving at dependable standards of ethics, more than the law is. To clarify the point, a particularly precarious implication which comes as a result of combining decision making with culture provides the decision maker with sort of safety if everything is not understandable within an organization. Therefore the company owners should deploy those who understand a culture of a country to the same country. But for those who are not any culture apart from theirs should be given an opportunity to trade within. That is why we call a company’s. The culture also plays a big role in making of any decision affecting global business. The worse part of all is when the leadership responsibility use culture as part of personal safety for humorless decision making, (Blanchard & Peale, 1988). This is a clear indication that companies should not take culture as an easy thing to work it out

Risks and Consequences That Was Associated With the Dilemma

For there was no easy solution, it forced the institution to rush to adopt codes of ethics. This also led to addition of ethic courses, hiring of hundreds of consultants through the reinforcement of the students leadership. It forced the students to be prepared with skills on how to decide and solve the problem on their own without involving the staffs within a workplace. The legalities cannot be handled by one person but requires the involvement of all the people within a stakeholder (Zacharias, 2000). There should be the participation of the experts in the required field and knowledge of what is to be done. Resolving such an ethical dilemma needs some skills for negotiation as well as the application of the new employability skills which includes, respect for others, ability to work together and honesty. But we get that today businesses have trained those they employ in critical thinking and conflict resolution skills needed for ethical decision making. Also schools are following the same trend by ensuring that all their staffs and students have advanced with the legalities that should be used to govern the decision.

Conclusion

Nowadays what countries should understand is that a good business must be a global one. Let them take their products to other countries. Doing this can lead to the interactions between the countries and it can also lead to peace worldwide. A country might have fear of attacking another country since they depend on it for a certain product or for any survival (Chazok, 2002).

References

Chazok, R. (2002). The Power of Global Markets. New York: Macmillan Publishers.

Zacharias, A. (2000). Culture and Global Business. Business Week, March 28. pp. 13.

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