Preview

Implementing Values and Ethics in Globalized Business

Better Essays
Open Document
Open Document
1397 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Implementing Values and Ethics in Globalized Business
Running Head: IMPLEMENTING VALUES AND ETHICS IN GLOBALIZED BUSINESS

Implementing Values and Ethics in Globalized Business
Michael Cavalea
University of Phoenix

Abstract Today 's global business world requires companies to take into account its peoples values and to follow through with ethically sound practices. Companies form their organizational values in light of what its employees ' value. From a company 's organizational values come a universal code of conduct which is tried and revised until it results in successfully resolving situations demonstrating solid ethics.

Implementing Values and Ethics in Globalized Business Today 's business world is much different from the business world of the early years in our country as well as the world. In the early years, little regard was given for employees: children worked long hours, women worked in unsafe conditions and the like. Today however, the world can see a drastic change: children under 18 years old can only work so many hours a week, there are health and safety codes in every company. And these are just the tip of the iceberg of pro-employee changes that have happened over the last 100 years. People use words like values and ethics to describe the policies and the actions of companies in how they treat their employees, especially globally.
Personal Values
Personal values, just like cultural values, need to be considered when a company is forming its policies. Personal values are linked closely to cultural values and need to be viewed as such by a company. Generally, if a company is compliant with its employees ' cultural values, so also it will be with its employees ' personal values. While personal values are just that personal, many personal values are shared in a way that cultural values are shared.
Companies make efforts to be sensitive to people 's personal values via surveys and comment cards. They also show personal value sensitivity by giving management freedom to make



References: Joel Yager (Apr 2007). Conference Tackles Global Business Ethics. The American Journal of Psychiatry. 685. Retrieved on May 20th from ProQuest database. Logsdon, Wood (2005), Global Business Citizenship and Voluntary Codes of Ethical Conduct. Journal of Business Ethics. 55-67. Retrieved May 20th from Proquest database. Solomon, Charlene Marmer. (Jan 1996) Put Your Ethics to a Global Test, Personnel Journal. 66. Retrieved May 20th from ProQuest database. Scott Duke Harris, (Mar 10, 2007) Conference Tackles Global Business Ethics, Knight Ridder Tribune Business News. 1. Retrieved on May 20th from ProQuest database. Values and Ethics in Business PAGE * MERGEFORMAT 1

You May Also Find These Documents Helpful

  • Good Essays

    Founded ninety years ago in the US, Panting Steel Inc. is a highly profitable scrap metal company. The firm purchases scrap metal from sites across the US and Europe and recycles it to produce finished steel products that it resells to steel mills. A major part of its operations involves dismantling used automobiles. It sells the reusable car parts at low cost to international customers and processes the remaining scrap.…

    • 785 Words
    • 4 Pages
    Good Essays
  • Best Essays

    human resourcs-task 2

    • 2357 Words
    • 10 Pages

    Hemphill, T., & Lillevik, W. (2011). The Global Economic Ethic Manifesto: Implementing a Moral Values Foundation in the Multinational Enterprise. Journal of Business Ethics, 101(2), 213-230. Doi: 10.1007/s10551-010-0718-4…

    • 2357 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    M&S AND RIVER ISLAND

    • 2821 Words
    • 12 Pages

    Minus, P. M. and Bassiouni, M. C. (1993) The Ethics of business in a global economy. Boston: Kluwer Academic Publishers.…

    • 2821 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    In the world of business, ethical behavior has become a priority. Companies are becoming more proactive, heading off unethical behavior before it happens. The best place for companies to share such beliefs in in their business’s code of conduct, where they can address their societal legal and ethical culture.…

    • 353 Words
    • 2 Pages
    Good Essays
  • Good Essays

    "A global ethic is only practicable as a personal commitment," says the author, Dalla Costa. He explains that for businesspeople, this does not mean valuing profit less, but instead valuing people more. Throughout the article, the author shows that business reflects who we are as a society and the beliefs that we live by as individuals. He uses several examples of organizations that have been hurt by unethical behavior to support his statement.…

    • 456 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Personal values are made up of many environmental influences including upbringing, religion, friends, family, peers and, education. How individuals demonstrate and model their personal values is seen through personal and work behaviors, decision- making, problem-solving and, interpersonal interaction. Personal values define character. Management style and management skills combined with trust and personality are all aligned with individual ethics and values. Day- to-day decisions are based on personal values. It is very important for managers in today’s workforce to have a strong awareness of one’s values, the ability to articulate those values and the knowledge to apply them.…

    • 1133 Words
    • 5 Pages
    Better Essays
  • Better Essays

    The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity. This network of firms also has established a vigorous global network and their core value, and the one shared with their clients, is of excellence, teamwork, and leadership.…

    • 1180 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Worldview Paper for Nursing

    • 2349 Words
    • 10 Pages

    David Kim, Dan Fisher and David McCalman Journal of Business Ethics , Vol. 90, No. 1 (Nov., 2009), pp. 115-121…

    • 2349 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Victoria’s Secret, one of the biggest brand names in retail, has been around for many years, known for selling lingerie. Victoria’s Secret has branched out from exclusively selling lingerie to now carrying make-up, fragrances, purses, shoes, clothing, and bathing suits. Within the past few years, the company has expanded to the global markets. They now have stores in major cities including London, Dubai, and Munich. Being one of the top grossing retail stores, Victoria’s Secret, uses foreign sweatshops to irresponsibly manufacture their products. The lingerie store was harshly criticized for their sweatshops’ working conditions and unfair wages. The utilization of sweatshops puts the company’s name…

    • 1766 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Rasche, A., & Gilbert, D. (2012). Institutionalizing global governance: the role of the United Nations Global Compact. Business Ethics: A European Review, 21(1), 100-114, Retrieved March 5, 2013from Business Source Complete database.…

    • 1005 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Thompson, L. J. (2010). The Global Moral Compass for Business Leaders. Journal of Business Ethics, 93(6), 15.…

    • 2057 Words
    • 9 Pages
    Better Essays
  • Better Essays

    University of Phoenix. (2013). Addressing International Legal and Ethical Issues [Multimedia]. Retrieved from University of Phoenix, LAW421- Contemporary Business Law website.…

    • 969 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Personal Values Paper

    • 1240 Words
    • 5 Pages

    Personal values developed because of conditions among the world and can transform r instance. Honesty in the application of values refers to its stability; a person has integrity if he or she applies values correctly despite the consequences of negative support from other or arguments. When applied in the right area values can be appropriately. According to McGuire, Garavan, Donnell, Saha, and Cseh (2008) personal values could be affected by culture transform programmers and organizational reformation. For example, in period of despair as in time of happiness it would be suitable to apply spiritual values. Personal values direct decisions by provide individuals with choices to compare to one choice with the purpose of connected to his or her values. A person’s personal values developed early in life and it can be opposite to transform. Theirs is a fundamental assumption that valves will influence the actions of individuals who turn could change the decisions that persons take (McGuire, Garavan, Donnell, Saha, & Cseh 2008).…

    • 1240 Words
    • 5 Pages
    Better Essays
  • Better Essays

    The idea of globalized business ethics is an interesting idea, however what is considered ethical or moral in one culture, may not be if importance in another. The following paper looks at two different articles that appeared in the Journal of Business Ethics for two very different countries.…

    • 1455 Words
    • 6 Pages
    Better Essays
  • Better Essays

    World Economic Forum: Will Many Take The Global Business Oath? By Conner, Michael, 26 January 2010 from Business Ethics Magazine…

    • 1313 Words
    • 6 Pages
    Better Essays