by
J. Renee’ Maples
MGT/216
Organizational Ethics and Social Responsibility
November 16, 2009
Jamie Dorman, Professor
Global Business and Ethics
In the bona fide world, much deliberation must be addressed before business decisions are made. When making business decisions, one must carefully consider cost and effectiveness. “Some businesses can argue that to make business a decision based on the simplicity sense of ethics, without lecturing economics, politics, or related issues, is to forgo necessary pragmatism, and ultimately is self-defeating. However, it does not have to be a one or the other. Maybe ethics should be given a more imposing seat at the table, where the human costs of out-sourcing are given much consideration (Breslin, 2009).”
“Globalization is the system of interaction among the countries of the world in order to develop the global economy. “Globalization refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure (Hubpages, 2009).”
As stated by Vinoth Ramachandra, the author of Sojourners Magazine defines “globalization like every other historical process in a fallen world, shares in both the goodness of human creation and the distortion of creation by sin and evil. Its benefits and threats are equally real and are intertwined in a complex variety of ways. For every benevolent aspect of globalization, there is a malevolent side that threatens to overwhelm the good. It is thus a Janus-faced entity, a paradoxical phenomenon that reflects the paradoxical nature of the human condition (Ramachadra, 2004).” Czinkota, Michael R., Ilkka A. Ronkainen and Michael H. Moffett educators of Global business, believes that the “Global business consists of transactions that are devised and carried out
References: Czinkota, Michael R., Ilkka A. Ronkainen and Michael H. Moffett. (2004). Fundamentals of International Business. Mason:South-Western. Retrieved on November 13, 2009 from http://sbaer.uca.edu/publications/international_business/pdf/01.pdf De George, R. (2006) Business Ethics. Pearson, Sixth Edition. University of Kansas. Upper Saddle River, NJ Ramachandra, V. (2004). Globilization. Sojourners Magazine. Retrieved on November 15, 2009 from http://findarticles.com/p/articles/mi_qa4010/is_200404/ai_n9388454/?tag=rbxcra.2.a.33