The paper "Ethics Concepts in Cultural Context" is a great example of management coursework. Ethics plays an instrumental role in the day to day life. Ethics are useful in almost every sphere of life and most significantly in the running of businesses. Most businesses involve developing personal relationships among people ranging from the employees to customers and even to other stakeholders. The role of the business leaders is to make decisions that ensure that there are a good relation and coordination between different business players. A large number of business decisions that are made every day requires the leaders to be conversant and compliant to the ethical behaviors no matter the consequences and personal opinions.
The overall business culture operates in an environment that is full of ethical considerations. Several business ethical theories guide the day to day running of the business. This essay will be considering in closer perspective some theories relating to business ethics and the role played by such theories in the running of daily business affairs. Ethics is becoming the pillar of the 21st-century business. The growing competitions within the business segment are forcing people to adopt any available strategy to enrich them even if it is at the expense of others (Brimmer, 2007, par. 1).
The responsibilities of business leaders form the foundation for business ethics. Unfortunately, the self-interests and the ambitions of most of the business leaders lead them to lose perspective and the rationale for ethical business behaviors. Ethics should be a priority for businesses and organizations, especially in the 21st-century business environment. As the business world is set to grasp business opportunities ahead, it is worth observing that business ethics is becoming the determining factor in taking advantage of such opportunities and succeeding (Bishop, 2013, p. 636). The self-interest theory which is strongly aligned to laissez-faire capitalism contemplates a situation where business decisions are usually made mainly on the premise of self-interest as long as such decisions are within the confines of the law.
As much as it can be seen by some as unethical, championing self-interests by business leaders provide sufficient ground for the realization of wealth and success (Thompson, 2017, par. 2). It must be stressed that business leaders cannot be in a better position to determine the appropriate altruistic actions to benefit society as a whole.
It, therefore, becomes convenient to champion self-interests in a way that it will contribute to the well-being of the society as a whole. In a more complex business setting, it becomes important that ethical consideration in relations to business culture is based on the assembly of ethical and behavioral forms constituted by the employees. When business leaders move a step forward from the self-interests to the accommodation of the interest of the employees, there is a high chance that business decisions made are in tandem with local culture (Militaru and Zanfir, 2012, p. 29).
The ability of the business leaders to overlap strong individual cultures and interests enhance social relationships of the employees and the hierarchical structures within the business which help in propelling forward the business objectives. The business ethical theory of duty to principles or obligates the leaders to go beyond the self-interest in building a formidable business culture. Business does not operate in isolation to the many restrictions and regulations.
At the same time, business leaders need to be conversant with the interests of the stakeholders, the environment, and the community and that the decision-making process should involve balancing the diverse interests of these groups. It becomes clearer when businesses are operating within an environment whose cultures are unique and different. The responsibility of the business leaders is to gain a full understanding of the local cultural dynamics and make sure that they incorporate such knowledge in their decision making. The duty to principle or people ethical theory in business holds that business will fail if they do to reconcile the ethical conflicts which arise from operating in different environments.
The global economy that was realized between the 1980s and 1990s introduced a new paradigm shift in the market. It became clear for the new small firms that venturing into the new business zones marks the entry and encounter of different ethical frameworks. The management of the potential ethical conflict becomes essential and an urgent call for small businesses before they are confronted with huge problems (Pitta, Fung, and Isberg, 1999, p.
241). A good example of the impact of cultural conflicts on businesses can be seen in the Chinese and U. S. business that operates in the U. S. and China respectively. The two countries have got different business cultures that emanate from the divergent histories between them. It becomes practically difficult for business leaders to make decisions without having to reconcile with the local cultural dynamics. The economic liberation policies that opened the Chinese market of the U. S. business but these businesses are facing serious cultural dilemmas which put the business leaders in a precarious position.
The diverse and complex culture in China exposes the U. S. businesses contradictions. Some of the Chinese cultures and religion go against those of the U. S. in several aspects like while the U. S. cultures have a sacred place for God; Chinese, on the other hand, is not necessarily a religious lot (246).