Toward a Model for International Business Ethics by Mitschow - Article Example

Article review of Nader Asgary Mark C. Mitschow “Toward a Model for International Business Ethics “ Introduction The articles examine the subject of business ethics and tries to recommends on the best code of conduct for global companies. Whilst many corporations depict some –primary policy on workers competency, secrecy, integrity and gender equality, comparatively, some well established policy concerning bribe, child labor as well s violation of human right might encounter in the worldwide market. There is little attention placed on the issue of moral principles in the worldwide context. The author investigates how the recent transformation in global market led to an attempt of providing framework for the future arguments. The paper examined some unique intricacies that surround the development of any sort of business standard across the globe such as competing ethic morals for the global companies[Arg08]. There is much justification for the corporation to institute a code of ethics. Corruption is the key factor that should be addressed. United States, corruption is considered as illegal and unethical in the business world. Human right is also a vital matter in the global spotlight. nations depict diverse standard of doing job and policies, creating ethical dilemma for the parent company and the home corporations. The laws on workers in making developing nations is unfavorable as those in developed nations, which depict strike labor laws that deals in employment of minors and restrict the hours that workers are permitted to work. This leads to an area of significant human rights infringement[Ric111]. An environment is an issue for concern for the business that tries to create worldwide moral polices. Safety of water resources as well as the developed of efficient waste control system is of concern to many group and institutions, not only in the developed countries. There are some key justifications that lead to growth in concern for the environment that makes it very important in the worldwide business situation. First, more focus is given to ecological matters by local and internal media houses. Secondly, the issue of externality that appreciates that action taken in one part of the word will depict an effect in the other part of the word. Thirdly, there is concern for the strategic expense to the community for cleaning the waste. With regards to ecological safety, much has been done but more need to be done. To ensure that the code of ethics is complied with, many policy as well as procedure needs to put into place. This policy entails establishment of 24/7 moral hotline for the business workers to call anytime concerning moral query that might arise. The code of ethics of global business ethics explained above is derived from the appropriate literature and from sample business codes that exist on the internet. Many of the existing code of business ethics for companies depict similar criterion for their workers. We presumed that the notion of trust, justices as well as honesty are some self proof, yet still appropriate for worldwide code[Arc14]. The code of trust, fairness, and trust as well as not to cheat are part of an ethical imperative that is believed that every company must appreciate and give honor. The research tried to focus on moral code on global business transaction. The notion of respect for the country independences is significant and important since it might reduce the worry as well as conflicts. In the literature survey, the Author realized that many problems are as a result of business assuming that foreigners do not have respect for the host nation’s objectives and culture. As a result, the author included “support the economic objectives for the host nation” in order to aid in addressing the seeming lack of respect in the global business associations. Business need to place great focus on comprehending the host nation culture as well as belief if they wish to be successful. There is need to ensure general code of fair environmental attitude in our moral code. What is done in foreign nations will ultimately end up depicting an effect in the entire world. Any global code of business ethics will experience many challenges. Much interest in developed nations might wish to use global code of business ethics as tool for advancing their own plans instead as a tool of making sure that there is fair plan[Ste11]. Some expert in environment safety might be in need of global code of ethics to restrain business activities. Even in areas where business ethics codes are equally administered, it will be important to battle the idea in developing nation that the real aim of strict environmental as well as labor standards is to ensure that economical subjugated. After it all, there is no framework that existed when the developed nations were establishing their industrial base. Companies turns to be globalised, they start to lose contact with the culture of their mother nation. This will lead to possibility of a company of developing an internal set of cultural norm that is autonomous of any other nations that it operates. This will lead to non existence of the query of home versus foreign ethics but instead the question of what is the ethical norm of company with no real home nations. The intricacies explained above surpass the scope of the research.] And pose problems those who intend to develop global business ethics[Arc14]. One of the well knowing nations that are linked to business ethics is the caux principles. This principles focus on the exploration of the two key idea of justifies and respect for others by encouraging free trade, environmental as well as cultural competency and avoidance of foreign dishonest practices as outlined by US laws. The objective of caux principal is to set the global standard against which business attitude might be evaluated as a measure that individual business might employ to in writing own code. The values are appropriate in any code of business morals. Some of the worldwide values built into the industrialist economic system comprise of consumers get the standard goods and services, workers get reward for their performance. These worldwide values are chiefly highlighted in the literature. An efficient kind of culture adaptation is to make use of the theory of similarity attraction. This theory is the one that commands adaptation to the norms and attitude of foreign culture, since it will lead to a growth of perceived similarity[Mer96]. The author cites many theorems that account for this association, and quote festinger (1954), that eventually, “people require an evaluation of themselves, their judgments as well as capacities so as to make seen of life”. Industries must mindful of the cultural difference and should be taken into consideration. Whiles this notion seem justifiable, it might not adapt some features of another culture to capture economic progression. Foreign companies need adhere to the host nation culture. The implementation tool for ethical standard in many companies is not well planned. Many business researched hand some kind of morals hotlines that workers might contact with any query or issues that might arise in the daily business operations. Nevertheless, the effectiveness of this hotline was queried since workers frequently didn’t acknowledge fast response to their query or some of the query is not answered. A company need to present wide assortment at place of work to encourage cosmopolitan moral consciousness. Global ethics education must be an aided plan within the company, not just token Moral consciousness seminars. The author highlighted that a dedication to a strategic cultural training is mandatory. Nevertheless, a company needs to be keen concerning the manner to which they engage their workers since they don’t want to forced change that will lead to encouragement of prejudice. The training plan must comprise of training on global human right and ethics, not merely adherence with the forcing polices. Workers must understand how to function individually in global settings in order to ensure that they are not swayed under undue influence. There need to use internet training approach since, it permit workers to have right of entry to training plan at any time and might as well allow workers to ensure that they are updated and keep and updated list of which workers had finished their education. This polices might permit companies to make sure that workers acknowledges the right morals education and provide them with constant efficient edition of the current news and ides in global business ethics. Internet training permits also a company to manage its workers prior to practicing in the global business. This is appropriate to make sure workers insights of as well as compliance to appropriate ethics codes[She98]. This test entails real life circumstance in which business moral code might be in query so that the workers might have some expertise in dealing with matters that they might experience in the business worked. Alongside education, it might be advantageous for the business to develop a moral counsel. The counsel might comprise of revolving members from nay division within the besides. The counsel might permit from the discussion of moral subjects and provide an approach for workers to discuss their individual consideration and feeling on the matter. It might serve as an approach for all workers to get engage, as association would be. Conclusions Many articles handles the subject of global business code of ethics, but the intricacies of the matter engaged makes it hard to determine a single worldwide code of business ethics. Those who intend to determine a global code of business ethics should address many unresolved matters. A complete research of the key nations that engaged in global business should be executed to establish their community objectives, social norm; moral safeguards a well as cultural values. There are need to be compared and contrast made in order ensures that no specific region is left in the worldwide market[Leo11]. Business is being globalised and thus, we deem that in spite of intricacies engaged, it is important to create a global code of business ethics. Bibliography Arg08: , (Argandoña, 2008), Ric111: , (Brandt, 2011), Arc14: , (Carroll, 2014), Ste11: , (Cahn, 2011), Mer96: , (Frost, 1996), She98: , (Kagan, 1998), Leo11: , (Brooks, 2011), Read More