logo image

Ethical Issues Faced by Global Organizations Essay

Ethics has increasingly become an essential constituent of corporate business organizations worldwide. Business ethics is commonly understood as to the system of moral values and rules and code of conduct applied to business (Jalan, 2005). The issues that may arise in the ethical context of business are multifaceted; they can be interpreted in the way desired by organizations. It is known that there is no universally accepted ethical behavior for organizations because the practice of moral values and code of conduct vary from country to country.

However, there are some common ethical issues faced by global organizations. This paper attempts to discuss the common ethical issues faced by organizations in the global business environment. The paper takes a descriptive approach where the important ethical issues are presented separately for each area of operations of a business. The globalised firms are looking for expanding and exploiting new business and demolishing their competitors through attacking strategies of various types. Little is talked about how strategies are formed ethically; which does not harm the competitors and other business organizations.

It is obligatory for every business to follow certain corporate codes that are underlying principles of corporate practice. The primary concern every business should be towards

Need essay sample on "Ethical Issues Faced by Global Organizations"? We will write a custom essay sample specifically for you for only $ 13.90/page

customers and society. Ethical issues in the society Every business has certain responsibilities towards the society in which it operates. This principle is the foundation of Corporate Responsibility Concept. Modern organizations have realized the importance of being socially responsible and adhere to social norms and system. Following are some of the important ethical issues in this regards:  Over involvement in the community people

 Over involvement in the community people

 Honesty, truthfulness and accuracy in the market

 High usage of animal products and animals for testing.

Degree of safety attached to the product.

 Selling of addictive products such as tobacco, alcohol etc.

Trading with repressive regimes. Ethical issues arising from internal and industry

Ethical issues arising from internal and industry practices  Treatment of customers is

 Treatment of customers is a main task of every businessman. At the time of selling the product to the customer’s sellers agrees that we are providing good after sale service and warranty to the product but after the sale they are not following the said requirement of the customers.

Working conditions and treatment of employees in the business. At the time of joining they are agreeing for all facilities available in the company after joining they are refused to provide the facilities which is mentioned at the time of admission. ? Employment of disabled people in the organization will lead to discrimination among the workers.

Working of child labors in the company. ? Bribes to secure contracts. The employees of the company are doing some unethical practices while purchasing the product from suppliers and negotiating with suppliers to the intention to get personal benefit. Ethical issues in marketing

Charging high prices for low quality products. The suppliers are misunderstanding customers that we are providing good products with attractive packing.

Selling at low prices with an intention to increase the market share of the company or to destroy the competitors in the same industry. ? Copying the style of the packaging design for misleading the customers and also some misleading advertisement. ? Issuing credit cards without bothering the capacity of the customers and value of credit cards  Encouraging the customers to claim prizes when the customers are phoning for asking premium rates. Ethical issues related to production

Encouraging the customers to claim prizes when the customers are phoning for asking premium rates. Ethical issues related to production

Selling of goods to outside the country which is banned by the home country. It means without getting the license they are doing international business.

If the products having low quality or any default in the product, firms are omitting that information.

Providing unsafe products to the customers, they are not bothered about the customer requirement of the customer.

Low packaging of products and wasteful packaging.

Misappropriation in the size and content of the product.

Inaccurate testing of products and inappropriate testing of products Conclusion Global firms face ethical issues both from local and international environment.

Related article: Challenges Facing By Ikea

They cannot avoid the ethical practice of every country in which they have operational units. Consequently, there are even conflicting practices between operational units in different countries as business practices and rules vary from country to country. However, it is possible to segregate certain problems as common to all global firms.

References Jalan, P. K. (2005) Encyclopedia of economic development Restructuring Indian economy for future challenges Business environment & challenges of poverty alleviation in India Economic development in Asia Pacific Region, Sarup & Sons

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy