Abstract

This study investigates making ethical decisions across the globe. It explores how managers can incorporate ethical issues across the world and consider them in their decision making. A Literature review was conducted from peer viewed articles, and as per the findings, ethics and rule differ from culture to culture. Rules and ethics that apply in one part of the world won’t apply in other parts of the world. Yet specific laws apply similarly, including discrimination including gender, race, sexual orientation, etc. Furthermore, the realization of the value of ethics in business also needs to be enforced down to each member of the hierarchy. Even if a single team member feels that the manager’s decision was biased in any case, he/ she will not have the same loyalty with the firm again and might go as far as making a petition against that brand. Ethical concern implies realizing that missing one transaction now is better than losing even more in the future, as the business has a reputation for not being truthful. Another realization was that the potential for ethical conflict is growing as companies from the US join China for production. While knowing the essence and history of both cultures will contribute to an appreciation of the basis of their ethical process. It’s essential that Western marketers realize the cultural differences of their competitors.

Introduction

Incorporating ethical principles in the business refers to using the norms of what defines ethical or unethical conduct in that community as the foundation in terms of the strategies and policies applied in a company. Ethics influences behavior inside any firm, from the owner to the lowest-ranked team member. The actions of the business heads towards clients, staff, and creditors impacts the conduct of its workers, who look up to him to set the norm. Compliance of strict ethical practices is mandatory, resulting in consumer satisfaction, higher productivity of staff, and having a strong and exemplary reputation in the market and the society. When global business ethics issue is brought up, most people automatically concentrate on corruption and bribery. This paper investigateshow managers can incorporate ethical consideration in decisions making.

Literature Review

P.C. Wright, in an article, describes the necessary economic reforms and the existing condition of business ethics in China. He explores the ethical precepts of a group of Chinese experts who are participating in a Mainland Chinese management learning program. The study provides a standard that not only tests the existing state of corporate ethics but also looks at potential improvements over the past five years. From these results, guidelines are established that are useful for policy-makers and executives wishing to conduct business with Chinese nationals.  (Wright, 2003)

Yongsun Paik, in an article, studies the importance of ethical decision-making while managing companies. Business ethics differs apply on all societies and functions alongside culture & time.Their study addresses 2 critical questions that were raised regarding the issue.As to whether the national differences in managerial theories regarding ethics continue over the period and whether how vital is this association amongst ethical decision making and a managers thinking process. They performed a survey on ethical decision-making while takingKorean managers as sample. A cross-cultural & cross-temporal comparison was established in line with the findings of the previous studies with the same questionnaire at different periods. Their research depicted that Korean managers have become more dependent on the rules applied globally in terms of ethical decision-making. (Paik, 2019)

Wendy S Becker is an article that discusses an exercise involving new employees to teach through a moral dilemma. A predicament where two or more beliefs contradict one another can’t work together. Ethical business dilemmas affect four significant areas: human resources, trust of customers, and corporate resource use. They realized that it is most challenging to define ethical dilemmas as they mix many different fields. New workers are particularly exposedto this because they are frequently fresh and have knowledge. They have not yetmixed into the organizational culture of that company. Management of human resources by providing orientation and training to the new employees can play a critical role in fostering an ethical culture of the organization. (Becker, 2010)

Dennis A. Pitta, in an article, discuss the value of knowing cultures from across the world. The study highlights that US advertisers are familiar with US ethics & principles. However, when Americans come across the emerging market giant, China, the norm can lead to building conflict related to ethics. The potential for ethical conflict is growing as companies from the US join China for production. While knowing the essence and history of both cultures will contribute to an appreciation of the basis of their ethical process. It’s essential that Western marketers grasp the aspirations of their competitors from around the world. Realizing the cultural foundations of these different cultures is integral to ethical conduct in both the US and China will provide a marketer with the skills required to be effective in the cross-cultural industry. Implementing that information with a simple set of management guidelines will make the importance of that understanding a reality. (Pitta, 1999)

 Discussion

Ethics in management practices differ from culture to culture, especially those practices that involve human resources. Local cultures change the way people perceive the relationship between employee and employer. There are no simple social rules in many societies that prohibit discriminations that’s based on age, gender, ethnicity, sexual orientation, disability. Companies that neglect the needs of the community do not automatically face adverse repercussions. A small business owner who implements innovative approaches to help community members can gain rewards in terms of making such ads and get recognition from the industry.

Some businesses also have goals for recycling, eliminating waste, and donating to some local charities in their business plans. Ethical consideration includes recognizing that the organization and its staff are community members and have a duty to be positive contributors to community well-being and to protect the environment. Yet, it is integral to follow business ethics across the board.

Conclusion

It can be concluded on the fact that Management ethics are a central aspect of corporate ethics. It is the collection of moral values & convictions which influence each team member’s behavior. Although most people believe that ethics coincide explicitly with rules, this is not always the case. It also comes under management integrity to do the best thing for staff and clients, and to show the ability to go the extra mile. The application of these ethics globally needs firstly, the realization of the value of ethics in business. Even if a single team member feels that the manager’s decision was biased in any case, he/ she will not have the same loyalty with the firm again and might go as far as making a petition against that brand. Ethical concern implies realizing that missing one transaction now is better than losing even more in the future, as the business has a reputation for not being truthful.

References

Becker, W. S. (2010). Ethics and human resources: An exercise involving new employees. Journal of Human Resources Education, 26-34.

Kolk, A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development. Journal of World Business, 23-34.

Paik, Y. (2019). Convergence in International Business Ethics? A Comparative Study of Ethical Philosophies, Thinking Style, and Ethical Decision-Making Between US and Korean Managers. Journal of Business Ethics, 839–855.

Pitta, D. A. (1999). Ethical issues across cultures: managing the differing managing the differing USA. JOURNAL OF CONSUMER MARKETING, 240-256.

Wright, P. (2003). Ethical perceptions in China: the reality of business ethics in an international context. Management Decision, 180-189.