Addressing International Legal and Ethical Issues
Ethical issues are very crucial situations that global businesses tend to face. But it is possible for them to overcome the problem, as they are strategies that can assist them to address these issues. Therefore in this appraisal, we will seek to evaluate some ethical issues that require global businesses to choose between an alternative that must be analyzed, as to whether it is ethical or unethical. Reason being is that we will then trace what concept to examine that will help international companies to resolve these ethical dilemmas. While looking to bring this assignment to completion, I had taken my time to form the necessary points for the assignment, despite the difficulties I had encountered. However, I was able to treat them as challenges to learn and grow. The reader will then appraise my perspectives discussed in the assignment due to the thoughts indicated, to grasp a precise comprehension of my input.
Ethical Issues and Strategies To Help Address Them
It is a common thing for businesses in general to face ethical issues, especially when researching a particular matter in the case where conflicts may rise on what is right or wrong which may cause a force on the organizations to go with whatever’s considered ethical for the entity. But as for global businesses Solomon (2016) concludes that there are many ethical challenges to conducting international business even though the certain practices are not always illegal. But it doesn’t mean it isn’t unethical, Martin (2016) signifies. Ethical Issues Faced In Global Businesses Amongst the many ethical dilemmas face when operating international businesses, bribery is one that tends to surround global firms at large (Poatsy, 2016). For when this occasion occurs, it causes strife between more than one parties within the entity. Because of the problem of work taking place in ‘secret,’ where money is included to clear a situation for the benefit of another’s selfish deeds which can later lead to lack of trust among individuals and may greatly affect the business functioning.
However, this may also assist the future endeavors of the business on what to implement to avoid these incidents, like a change in their code of ethics to have a strict ethical code of conduct that will evolve the business codes of ethics. An instructor Lombardo (2003) concludes that corruption is an ethical issue that global businesses encounter to where deception within the activities of the organization becomes violated and sometimes harm the workforce environment. Ethical Issues and Strategies To Help Address Them Therefore to strategize these behaviors are integrating effective global sustainability and maintaining strong relationships with every shareholders and stakeholders to prevent these issues from reoccurring (Lombardo, 2003). Other common ethical dilemmas that global businesses face are employment practices. Dhenak (2018) discuss this matter by stating that it is when work conditions in a host nation are clearly inferior to those in multinational’s home nation. Therefore to resolve these global problem companies are to decide on the standards to implement for those of the home nation and the host nation by establishing some acceptable ways that will protect the fundamental rights and dignity of employees (Dhenak, 2018).
Other Unethical Practices In International Businesses According to Poatsy (2016) “unique differences in economic conditions and cultural values give rise to many ethical dilemmas surrounding global business” (P. 4 – 24), whereas a firm will be in a position of wondering if they are to compromise by conforming to their country’s ways of conduct, while they are operating else way. Therefore to regulate this issue a strategy that will assist them is to understand what to do when managing an international organization. Poatsy (2016) concludes that when conducting international business, companies must decide whether they’re willing to defy their ethical codes to make a larger profit or even to survive. Thus reorganizing on what to apply is much needed before having global businesses on the run, so critical choices that may put the firms on the line of risk to fall to therefore evaluated.
