BUS FP4016 Capella University Ethical Business Management Assessment Paper

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User Generated

User

zvxrsyle

Subject

Business Finance

Course

BUS FP4016

School

Capella University

Department

BUS

Description

Write a 250–500-word analysis in which you examine several philosophical approaches to ethics and the role of social responsibility in international business.An organization's approach to business ethics is a critical aspect of international business operations. Managers must understand that success may hinge on an astute analysis of ethical business practices and how a particular philosophical approach to ethics can affect an organization's ethical standing abroad.SHOW LESSBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
- Competency 1: Analyze cultural communications that affect international business.
  - Determine how a particular philosophical approach to ethics reflects on an organization doing business internationally.
- Competency 2: Evaluate patterns of global organizational structure and hierarchies.
  - Determine whether a particular philosophical approach to ethics is practicable in an organization doing business internationally.
- Competency 3: Analyze the role of international business culture in the negotiation process.
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Context
A business manager in a corporation involved with international business faces numerous challenges. One that seems particularly challenging is the issue of business ethics. Most would agree that it is difficult to come up with a single definition of ethics that would be agreed to across all countries and cultures. Thus by definition, a business manager involved with international business faces challenges at the most basic level, which is how to define business ethics, and then even more prominently how to interpret, monitor, and ensure appropriate compliance with policies put in place. It is very common to see business news headlines of some company (even a highly respected company) suddenly facing a major issue (often, a crisis) associated with ethics.SHOW LESSAs a way to help manage this, Apple Computer put a "Supplier Responsibility" program in place, whereby they try to ensure all of their suppliers are meeting the policies they have defined, including particularly those related to business ethics (Hyatt, 2011). It is clear that Apple's program requires a major investment, including auditing their suppliers and then taking whatever action is deemed appropriate, even terminating their relationships with some suppliers.Foreign investment is yet another area that is both complex and controversial. On one hand, business managers might consider it an appropriate strategy to own (or at least invest in) organizations that they are involved with, regardless of if those organizations are in their "home country" or not, so as to have better control over how that organization operates (at both the strategic and tactical levels). On the other hand, many governments have laws in place that restrict or control various types of "foreign ownership." One interesting company related to this topic is Schlumberger, the very large oil services company. Schlumberger's culture is truly multi-national, and their managers perceive the company as a "world" company rather than one associated with a given country. They do business in most countries in the world and attempt to distance themselves from politics and many country-specific issues. Most would likely say that Schlumberger is highly respected and successful on a global basis and has established a fairly unique culture in the context of globalization.
Reference
Hyatt, J. (2011, February 15). Apple expands supplier responsibility program. Retrieved from http://business-ethics.com/2011/02/15/1030-apple-i...

Tags: International business Cultural Communications Global Organizational Structure Ethical Business Management role of social responsibility

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Running head: ETHICAL BUSINESS MANAGEMENT

Ethical Business Management
Student’s Name
Institutional Affiliation

1

ETHICAL BUSINESS MANAGEMENT

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Introduction

Social responsibility is an ethical practice in which organizations are accountable for
ensuring their actions benefit the whole society. This is manifested when there is an equilibrium
economic growth, societal welfare, and the environment. The paper seeks to examine several
philosophical approaches to ethics and the role of social responsibility in international business.
Cultural Communications that Affect International Business
The justice theory in business ethics mainly focuses on fair and equitable distribution of
res...