Business Ethics and the Global Dimension of Business
Business Ethics
And The Global Dimension of Business
Abstract
Now that we have established a strategic business plan for Marketing, Operations and Human Resource Management for ABC Complete Kitchens, Inc, we must now establish an ethically and socially responsible business climate for our new plant. Another topic we must turn on our focus on is our presence in the global market. Because 20% of our sales are anticipated to be in the overseas market, we must address our international management considerations associated with the international sales of our products.
Ethically and Socially Responsible Business Climate
“Socially responsible management practices are defined as aiming at the achievement of commercial success in ways that honor ethical values and respect people and communities.” In today’s challenging global environment, truly winning businesses not only add value for their owners or shareholders, but also for other stakeholders, including employees, customers, suppliers or society. A widespread assumption in corporate social responsibility is that various types of socially responsible management practices with respect to these interest groups may enhance the competitive strengths of the enterprise and make good business sense. (Hammann, Habisch, & Pechlaner, 2009)
Corporate social responsibility means that a corporation should be held accountable for any of its actions that affect people, their communities, and their environment. It implies that harm to people and society should be acknowledged and corrected if at all possible. It may require a company to forgo some profits if its social impacts seriously hurt some of its stakeholders or if its funds can be used to have a positive social impact. A challenge for our management will be the blending of these responsibilities into a comprehensive corporate strategy while not losing sight of any of our obligations. (Lawerence-Weber, 2008)
While this business is in the business of making
And The Global Dimension of Business
Abstract
Now that we have established a strategic business plan for Marketing, Operations and Human Resource Management for ABC Complete Kitchens, Inc, we must now establish an ethically and socially responsible business climate for our new plant. Another topic we must turn on our focus on is our presence in the global market. Because 20% of our sales are anticipated to be in the overseas market, we must address our international management considerations associated with the international sales of our products.
Ethically and Socially Responsible Business Climate
“Socially responsible management practices are defined as aiming at the achievement of commercial success in ways that honor ethical values and respect people and communities.” In today’s challenging global environment, truly winning businesses not only add value for their owners or shareholders, but also for other stakeholders, including employees, customers, suppliers or society. A widespread assumption in corporate social responsibility is that various types of socially responsible management practices with respect to these interest groups may enhance the competitive strengths of the enterprise and make good business sense. (Hammann, Habisch, & Pechlaner, 2009)
Corporate social responsibility means that a corporation should be held accountable for any of its actions that affect people, their communities, and their environment. It implies that harm to people and society should be acknowledged and corrected if at all possible. It may require a company to forgo some profits if its social impacts seriously hurt some of its stakeholders or if its funds can be used to have a positive social impact. A challenge for our management will be the blending of these responsibilities into a comprehensive corporate strategy while not losing sight of any of our obligations. (Lawerence-Weber, 2008)
While this business is in the business of making
Cited: Hammann, E., Habisch, A., & Pechlaner, H. (2009). Values that create value: socially responsible business practices in SMEs – empirical evidence from German companies Bertagnoli, L. (2001). Selling overseas complex endeavor. Marketing News, 35(16), 4. Retrieved from Business Source Premier database. Polonsky, Michael Jay. (1995). A stakeholder theory approach to designing environmental marketing strategy. The Journal of Business & Industrial Marketing, 10(3), 29. Retrieved May 3, 2010, from ABI/INFORM Global. (Document ID: 8694953). Josie Fisher, & Ingrid Bonn. (2007). International strategies and ethics :Exploring the tensions between head office and subsidiaries. Management Decision, 45(10), 1560-1572. Retrieved May 3, 2010, from ABI/INFORM Global. (Document ID: 1385004411). Li-Yueh Lee, & Robert Croker. (2006). A contingency model to promote the effectiveness of expatriate training. Industrial Management + Data Systems, 106(8), 1187-1205. Retrieved May 3, 2010, from ABI/INFORM Global. (Document ID: 1143355771). Lawerence-Weber. (2008). Business and Society: Stakeholders, Ethics, Public Policy, 12th Edition. New York, New York: The McGraw-Hill Companies. Ball-Geringer-Minor-McNett. (2010) International Business: The Challenge of Global Competition, 12 Editions