MAN372WA3 - Cultural and Ethical Differences 1 Cultural and...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Cultural and Ethical Differences 1 Cultural and Ethical Differences Thomas Baker September 12, 2010 MAN-372 Professor Cheryl Toops
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 When conducting international business, it is extremely important for business representatives to be aware of different cultural and ethical beliefs and behavior. After all, behavior which might be considered normal in an American boardroom could be radically different to behavior expected in Saudi Arabia or China. As a result, failure to understand foreign business practices and customs can create insurmountable barriers to successful business relations. Conversely, taking a little time to learn these cultural and ethical differences can reap rewards and help build strong business relationships. Ethics on a global scale relates to morals, the treatment of moral questioning, and acting in a morally correct, honorable way or manner. However, business ethics provides the guidelines with regards to acceptable behavior by organizations in both their strategy formulation and day to day operations. Businesses and organizations have thus realized the importance of ethical standards necessary for global corporate success and maintaining or achieving a positive global image. (Hill) The increasingly high trend of globalization has lead to a fast changing environment of doing business. Day by day diminishing boundaries perform lucrative prospects for companies to expand internationally. However, to be successful and achieve desired results on foreign markets, a number of new factors have to be taken into account. Recently considered as waste of
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

MAN372WA3 - Cultural and Ethical Differences 1 Cultural and...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online