• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

This essay discusses that the importance of ethical principles by applied globally by multinational companies.

Extracts from this document...

Introduction

?????????? TIANFU COLLEGE OF SWUFE Subject: International Business Today Tutor: Nicole Long Author: Ayuki ??? Student number: 41106954 Class: 2+2 American class Ethical in Multinational Companies The Burning issue This essay discusses that the importance of ethical principles by applied globally by multinational companies. At present, international businesses not only require lawful, laws just make businesspeople and others more accountable may help. But laws don't make people honest, reliable, or truthful. A society gets in trouble when it considers ethics and legality to be the same. Many immoral and unethical acts fall well within our laws. Ethical problems are the most burning issue in nowadays. It includes employment practices, human rights, environmental regulation, corruption, and the moral obligation of multinational corporations. As multinational companies expand globally and enter foreign markets, the global recession has meant that traditional business practices are increasingly being brought into question. As a direct result, more people and organizations are realizing the value of procuring services from ethical businesses. The Overview Globalization is creating more ethical standards of international business conduct. The truly multinational companies must come to grips with the legal and moral atmosphere in which they operate. ...read more.

Middle

Reduce, reuse and recycle are the business concept of Levi Strauss & Co in their manufacturing process. In addition, the way Levi Strauss & Co care for their workers extends well beyond the factory. By providing grants through the Levi Strauss Foundation, they seek to ensure that workers have the training and tools they need to stay healthy outside the workplace, reducing absenteeism and lost wages and increasing productivity. They also support innovative local, regional and global nonprofit organizations that encourage enforcement of labor laws, increase awareness of healthcare issues and promote access to asset-building and life skills training for employees, contractors and their families. Levi Strauss & Co has the success not only come from their outstanding products but also come from their ethics conducts. Multinational companies follow the ethical principles; especially apply in its subsidiaries in developing countries which is a good method to enhance the multinational companies' reputation. An ethical multinational company wins praise. Those unethical multinational companies should be condemned. Nike, the world's largest athletic shoe company, has been accused by human rights and labor groups of treating it workers poorly at many of its subcontractors while lavishing millions of dollars on star athletes to endorse it products. ...read more.

Conclusion

3. Educating specific types of employees also varied greatly between headquarters and international locations. For example, 96 percent of companies educate both "supervisors/mangers" and "senior executives" in headquarters, the numbers drop to 84 percent and 83 percent respectively in their international operations. Figure 1: This figure suggests that multinational companies need to strengthen efforts to equalize their ethics and compliance management process throughout their international operations. Conclusion In this era of rapid change and globalization, multinational companies should observe ethics principle toward achieving global standards. There are some reasons that show why ethics principle is important to multinational companies. Firstly, it makes multinational companies accountable during their engagement. Secondly, it shows multinational companies' character and reputation to be more sound and marketable, and desire to develop long-term relationships. Thirdly, it provides multinational companies with a leadership role in the global community. Learning global ethics and standards is another approach to moving from the old way of doing business to developing a new structure. As global consumers, investors, employees and other stakeholders make fewer distinctions between ethical and socially responsible conduct, they will have increasing expectations that companies will consistently aim to do the right thing, no matter where in the world they do business. Managers can adopt to make sure that ethical considerations are incorporated into decision making in an international business firm. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. Working With and Leading People. Theories of leadership.

    With the Chief implementing the new ideas he has a democratic style of leadership because he wants the organisation to move forward, solve the problems and is concerned with the employees. TASK 3 (2) The techniques that should be used by the Chief Executive to motivate his staff and to

  2. Leadership styles and analysis of my leadership skills.

    Management of meaning: scored 15, indicating how effective I am getting my meaning across to my people. Management of trust: scored 17, indicating that am willing to follow through promises and stand firm on any position taking. Management of self: scored 19, meaning am very concern about the welfare of others and likewise their feelings.

  1. This paper will concentrate on Apples Apple TV business, and its complementing iTunes business.

    Integration between Apple products Apple does a phenomenal job in integrating its various products. For example, iPod and iTunes are well integrated. Similarly iTunes and Apple TV is very well integrated. The Apple TV software can now be also navigated using an iPhone, which without an iPhone would typically require the customer to turn on the TV.

  2. The importance of business ethics.

    Due to this criticism, the company had to change its name to Altira Group; and had to move most of their advertisement to third world & developing countries, where smoking is not as frown upon by their cultures, and there are no regulations when it comes to tobacco ads.

  1. New business plan

    different culture, they will be glad to try the foods of our restaurants. Currently, New Zealand population is made up of people from various culture background. A lot of people are interested in experience the different culture, especially the oriental Chinese food culture.

  2. Human Resource Management - learning styles, Government training programmes in Trinidad and Tobago

    The social learning approach suggests that human beings are designed to learn by imitating other people. The reflection from other people can define our social identity and behaviour. We learn to perform actions by 'modelling' which involves watching and analysing the way others do them and the successful aspects are imitated.

  1. Position Paper: The Contribution of Globalization to Sustainable Prosperity

    is littered with garbage, shards of metal, oil, and other toxic miscellaneous fluids. We, as global citizens, should be aware of our surroundings. It is us that have the power to stop these kinds of things from happening. The people of Bangladesh and other unsafe shipbreaking areas should be aware

  2. Organisational Behaviour (in short called as OB) is concerned with the study of the ...

    Synergy is necessary for organizations to compete effectively and achieve long-term high performance. Situations in which groups are superior to individuals. When there is no clear expert in a particular problem or task. When problem solving can be handled by a division of labor and the sharing of information.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work