Module 8 Flashcards
Why Study Global Values?
The study of global values provides a critical insight into such different approaches and their relative success. In today’s global business environment. emerging ethical business values will provide greater ethical context for doing business. Differences in fundamental values create a chasm that affects our ability to systematically apply a defensible ethical framework to a global ethic issue. The knowledge that there are complex social traditions give rise to practical differences.
How are Ethical dilemmas in global markets different?
Ethical dilemmas in a global marketplace add complexity and grow exponentially. affecting analysis, implementation. and stakeholder groups.
What is the role of culture in global ethics?
In a global marketplace. the varying values and cultural influences of multiple stakeholder groups create a new ethical dynamic. In a global marketplace. We must develop a deeper understanding of cultural values that affect ethical behavior. Global expansion provides an opportunity to increase profit margins and employee opportunities.
What is the role of global competition in global ethics?
Global competition requires evaluation of the way in which ethical norms are established. Instead of embracing the more litigious standard of Western society. organizations should consider embracing less formal methods for achieving social compliance. such as cultural conformity. pressure from community elders and threat of being ostracized from the market.
How is North America Different with Ethics?
The scholarship tends to support that home countries located in North American and Western European markets have a higher. restrictive, and well ordered approached to ethics than the emerging markets.
Do western values fit in emerging markets?
There is a question of the fit of western values and ethics in emerging marketplaces with different cultures. values, and customs. To ignore these cultural conditions challenges the ability to impose western ethics into that culture. However, this idea of them and us simplifies the discussion and does not allow for a more harmonious model to develop that embraces a global market system.
What is the global economic ethic manifesto?
The global economic ethic manifesto is a moral framework/code of conduct, which is both interactive and interdependent with the economic function of the main institutions of the economic system. The ultimate goal of the UN ethic manifesto is to foster a culture of ethics.
