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The impact of globalization on international business
The impact of globalization on international business
The impact of globalization on international business
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The purpose of this review is to summarise, analyse and synthesise two authors’ arguments. Maak and Pless (2009) in Business leaders as citizens of the world. Advancing humanism on a global scale and Thomas (2010) in the Global moral compass for business leaders.
This paper reviews complex challenges facing the world and business leaders today. It describes how the worlds pressing problems can be resolved in other to make the environment a more sustainable place. Maak and Pless (2009) claims that it takes a responsible, global and cosmopolitan mindset to improve the values of humanity on a global scale. This is to say that the world needs a global leader that can be depended upon by taking responsibilities for the pressing problems arising in the external society. However, (Thompson 2010) claims that the world needs a leader whose attitude is open to widely alternative views and values, able to integrate long-term considerations and a broad selection of stakeholder’s interests into its strategic choices which is based on a stable and transparent “moral compass” which helps to manage moral challenges.
The world is getting more complex and problems are springing up as it is increasingly getting integrated and interconnected (Maak and Pless 2009). The authors claim that the arising problems cannot be solved by communities, governments and NGO’s alone. Therefore in order to build a sustainable future, the public, private and non-profit organisations have to identify their distinct roles and help tackle the pressing problems facing the world since they have always played interlocking roles.
Both papers argue that some pressing problems of the world like poverty and moral challenges arising as a result of globalisation cannot be ign...
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... Methods Approaches, 2nd edition. London: Sage publications.
Gould, S. (2004). How to write a literature review: Learning Development Unit. http://www.ssdd.uce.ac.uk/learner/New%20page.htm [Accessed 1/11/2010].
Maak, T. and Pless, N. (2009). ‘Business Leaders as Citizens of the World. Advancing Humanism on a Global Scale’. Journal of Business Ethics, pp.537-550.
Jones, M.and Millar, C. (2010). ‘About Global Leadership and Global Ethics, and a possible Moral Compass: an introduction to the special issue’. Journal of Business Ethics.
Palmer, D. (2009). ‘Business Leadership. Three levels of ethical analysis’. Journal of Business ethics, pp.525-526.
Schneider, M. (2002). ‘A Stakeholder Model of Organisational Leadership’. Organisation Science, vol.13, no.2, pp.209-220.
Thompson, L (2010). ‘The Global Moral Compass for Business Leaders’. Journal of Business ethics.
Sharp, B., Aguirre, G., & Kickham, K. (Eds.) (2011). Managing in the Public Sector: A Casebook in Ethics and Leadership. Boston: Longman.
To apply this system of moral values effectively, one must understand the structural levels at which ethical dilemmas occur, who is involved in the dilemmas, and how a particular decision will affect them. In addition, one must consider how to formulate possible courses of action. Failing in any of these three areas may lead to an ineffective decision, resulting in more pain than cure.” Ken Blanchard states, “Many leaders don’t operate ethically because they don’t understand leadership; these executives may have MBA’s from Ivey League schools or have attended leadership training; they may routinely read the best-selling management books, however, they don’t understand what it means to be a leader.” They don’t model a way of ethical behaviors.
The modern world has experienced tremendous changes, which have contributed to changes in people living in the global world. These changes have mainly been brought by globalization, which is a major phenomenon in the 21st Century. Leaders across various professions, businesses, and governments need to cope with globalization since it forces them to cross borders more often and communicate or conduct business with people from other cultures. This process involves developing necessary skills for working effectively in the modern complex world. Actually, the ability of these leaders to work effectively not only requires the development of essential skills but the application of leadership principles in the global work environment. In essence, leaders must develop their ability to apply leadership principles across culturally diverse workforce in today’s global work environment.
In business, creating a culture of ethical behavior and productivity are two of the most important elements in daily operations. There are deferring opinions on how to establish those standards. One standard is universal in which human rights are general and should apply to every human being or having a one-size fits all standard of practice (Hugh, M.C., 2002). For example, an organization could great a set of ethical standards that universal and standard to apply to its members. However, the opposing view is cultural relativism, where the view that all values are meaningful only within specific cultures (Hugh, M.C., 2002). In other words, each culture defines what is right and what is wrong. Applying this to business, an organization can create ethical standards that are specific to their service line and provide specificity to members about their services, behavior, and social
Whether an organization is domestic or international they have social responsibilities to the communities they operate within and to the shielding of the world. Caterpillar, Inc. is one such company that puts social responsibility at the top of their priorities. They have an abundance of engineers and technologists working on solutions to improve on sustainability. According to the 2012 Sustainability Report (2012), “at Caterpillar, we always ask ourselves, ‘What do our customers need? What does the world need?’ World Resources Institute (WRI) asks those same questions about the communities it serves, and truly delivers some amazing results” (p. 19).
Joseph, James A. "Leadership And The Changing Role Of Ethics In Public Life." Lecture. Models of Ethical Leadership for a Changing World. University of Texas. Jan. 2001. Web.
Currently, leadership is generally understood as a person with insight and wisdom of guidance, which expected to be efficient in management responsibilities like planning organizing, and monitoring performance (Kandola, 2004, p. 144). In addition, making ethical decision is important to individuals who value and take seriously institutional...
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
Recently, leadership, specifically ethical leadership, in the spotlight and are of primary concern. Every component of leadership and its characteristics are being scrutinized and dissected. The scarcity of "respect, honesty, integrity, and trust at the management level of any organization is disastrous for any business (Lakshmi, 2014, 66). In the case of Patagonia, due to its ethical leadership and moral corporate governance any issues that may arise from legal disobedience, or unethical behavior will be dealt with objectively, fairly, and swiftly.
Palmer, D. 2009. Business leadership: three levels of ethical analysis, Journal of Business Ethics. 88(3): 525-536.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
Kidder, R, M., (2010), Center for corporate Ethics, Institute for Global Ethics, retrieved on August 08,2010 from www.globalethics.org/ reserve reading from ethics news line
Robertson, C. J., & Crittenden, W. F. (2003).Mapping moral philosophies: Strategic implications for multinational firms. Strategic Management Journal, 24(4), 385-392. Retrieved from http://search.proquest.com/docview/225010000?accountid=32521
Women have become more and more important in the global businesses nowadays, acting as managers and leaders in organizations, including some large-scale transnational corporations, while there is still significant unbalance between male and female leaders in the world nowadays. This essay focuses on women in leadership, as a social issue facing organizations all over the world, by examining the role of ethical SW in responding to the issue under the broader global context. Firstly, the essay identifies one global trend: women in leadership, by referring to literatures and citing some famous female leaders nowadays in the world. In addition, the essay critically explains the role of ethical SW in the broader global society as a response to the