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Business Ethics and the Global Dimensions of Business

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Business Ethics and the Global Dimensions of Business
The purpose of this research is to impart a scholastic opinion to the XYZ
Construction Inc. on the topics of the ethical and social issues within the global market of
Asia, and the cultural diversity considerations for the company relative to establishing
field offices in Asia. Before instituting the research paper, it is, in the first place,
necessary to discern the definitions of business ethics, social issues, and cultural
diversity. Ethics is a set of principles dealing with what is good and bad and also with
moral duty and obligation (Merriam-Websters collegiate dictionary, 2003). Business
ethics is the contemplation of appropriate business policies and procedures that are
generally governed by laws and businesses ought to espouse it in order to effectuate
communal acceptance (Investopedia, 2012). Social issues are the ones inherent to the
people living in that specific locality, e.g. child labor practices, health and safety
standards at workplaces, etc. (Anonymous, 2010). Cultural diversity is the cultural
conglomeration and cultural idiosyncrasies that prevail in the world, in a community, or
in an organization (Business dictionary, 2012).
Corporate social responsibility and mannerism in which organizations carry out
their ethical and social engagements are of pivotal importance involving all businesses,
primarily international businesses in today’s global business territories. As business
activities have become voluminous in both scope and economic imperia, it calls for
extrinsic surveillance into their demeanor in terms of the use and abuse of their authority
and their economic influence on a capacious ambit of stakeholders and business
environment.

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Ethical and social issues that exist within the global market of Asia are not only
quotidian and continual, but they are also pervasive, i.e. they are widely being practiced
up and down a majority of industries rather than immured to a specific industry. Some of
the alarming ethical and social issues that have badly affected the Asian markets are labor
related issues like child labor, gender partiality, employee persecution, compulsion to the
labor class to work below nominal wages, transgression of workers’ rights, and
noncompliance to health, safety and environmental standards etc. Of these, child labor is
the most austere and somber problem afflicting Asian countries. As exhaustive labor
exports from export oriented developing countries in Asia have amplified, the
governments in the developed countries of Europe, Far East and North America have
implemented trade barriers on the goods manufactured by industries exploiting labor,
specifically those goods manufactured through child labor (Sharma, 2009). Besides child
labor issues, there have lately arisen problems for employees about their working
conditions at Foxconn’s facility in China, which has become a very contentious issue in
the media. Foxconn is the largest supplier of various parts of Apple’s electronic products.
At Foxconn’s manufacturing facilities, workers assembling iPhones, iPads, and other
mobile devices often meet implacable conditions as revealed by them and also confirmed
by their advocates as well as evidences disclosed by the company itself (Duhigg &
Barboza, 2012). Presently, there is an increased cognizance among the Chinese workers
about their basic rights and they are pushing for higher wages and allowances in addition
to furnishing congenial working conditions (Lubman, 2010). Manufacturing of goods
under inconsistent conditions detrimental to workers is objectionable and covered in
ethical issues (Anonymous, 2010). These businesses willfully withhold realities of side

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effects to be revealed to customers whereas some businesses allow questionable practices
such as chemicals being tested on animals.
Global economy is a humongous diffusing part where anyone from any backdrop
or culture can blend into a singular society. If businesses have to be successful in the
Asian markets, they have to cherish and foster the notion of cultural diversity heedless of
race, gender, religion or age, which can strengthen the workplace and emerge as a
requisite to the prosperity of organizations. As businesses participate at the global
platform, the adoption of diverse attitudes and aptitudes will be indispensible to
organization’s endurance and expansion. This axiomatic notion directs businesses to
entwine and fathom the idea of workplace diversity and its virtues. Cultural and
workplace diversity is a malleable approach that will keep on maturing, as several
industries are moving towards international marketplace. The businesses entering in the
Asian markets should have an unflagging comprehension of administering a diverse
culture, which will help them become efficient in calibrating themselves for future
business opportunities. History has demonstrated that any country that seizes cultural
diversity is using a prototype of triumphing in the worldwide economy (Belcher, 2003).
Conclusion
In the epoch of the global economy, international businesses are required to be
concerned with how they carry through their businesses. Businesses should be ethically
and socially responsible in all spheres of their activities and in doing so, they can still
achieve the objective of making their organizations profitable and keep their
stockholders, employees, and customers gratified. They should, actually, be guided by
conscience and adhere to their ethical and social responsibilities rather than having been

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