MGT 216 Week 5 Global Business and Ethics

MGT 216 Week 5 - Global Business Running head GLOBAL BUSINESS AND ETHICS Global Business and Ethics Name University of Phoenix 1 Global Business 2

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Global Business 1 Running head: GLOBAL BUSINESS AND ETHICS Global Business and Ethics Name University of Phoenix
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Global Business 2 Abstract The purpose of this paper is to describe historical ethical dilemmas that deal with Global businesses. The focus is to compare ethical perceptions across cultures in regard to different situations and to determine what risks and consequences are associated with the stated dilemmas.
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Global Business 3 Global Business and Ethics Businesses around the world do not operate the same and have different standards based on its host country. Things that come into play when conducting business internationally are people of different cultures, different regulations and businesses having different views on business ethics. Some of the differences give the competition advantages. How can a business be successful in such a diverse global market? Ethical Issues as a Resulting of Globalization Businesses conducting business overseas are faced with the issues of understanding and complying with various regulations, managing employees who are far away, dealing with foreign consumers, suppliers and partners in different jurisdictions. Having to deal with countries of different cultures is a task in itself. Working on products and solutions with customers and partners from different cultures is challenging. (Maccoby, 2009) The barriers can be hard to overcome. For instance, the US may enforce a regulation that the country in question does not abide by which can result in an US company questioning or even breaking laws to conduct business. These different things can present significant hardship and obstacles in the process of developing a shared vision on ethics in business . My personal belief is that if a company can set a global standard on business ethics, it will significantly increase the chances of minimizing
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This note was uploaded on 08/10/2011 for the course MGT 216 taught by Professor Mattiehall during the Spring '10 term at University of Phoenix.

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MGT 216 Week 5 - Global Business Running head GLOBAL BUSINESS AND ETHICS Global Business and Ethics Name University of Phoenix 1 Global Business 2

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