StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Read Marianne Jenning's articalwhy an international environment code of ethics would be good - Essay Example

Cite this document
Summary
A synergy of these factors creates a perfect business mix that promotes economic sustainability while motivating the return on direct investment. Without…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Read Marianne Jennings articalwhy an international environment code of ethics would be good
Read Text Preview

Extract of sample "Read Marianne Jenning's articalwhy an international environment code of ethics would be good"

Task: Why an international environment of ethics would be good Success in the business fraternity comprises of differentelements ranging from management, marketing and production. A synergy of these factors creates a perfect business mix that promotes economic sustainability while motivating the return on direct investment. Without regulations, directions, and jurisdictions, businesses can diverge into an array of malpractices. In the spate of globalization, international code of business ethics has sprouted to ensure fair competition and operation.

The codes take into account cultural relativism, economic inequality, host country constitutional guidelines and dynamic cultures. Despite criticism, international code of business ethics has various merits.Arguably, different countries hold varied cultural values in terms of language, social custom, and non-verbal communication (Smeltzer and Jennings 58). It is a non-contested fact that long-term survival and operation of any business relies on how well a business conforms to host country traditions.

The inability to hook business objectives with surrounding ethical needs create an ethical vacuum leading to conflict of interest. Additionally, businesses root in trust and ethical commitment, which has a direct bearing on the economic life. In many cases, such businesses end up law suits and court battles in the name of implementing accepted social standards and responsibilities. In this light, cultural imperialism, highlights an existing business dilemma that calls for limitation and control through the international code of ethics.

Similarly, a business system is a cycle of operations focusing on the limited resources to create a stable economic system. It is an inter-dependency of system based connections, society, demand, quality, and most importantly price. Non-regulation as noted by Kosolov, Martin and Peterson cited in Smeltzer, Larry and Jennings (1998) is non-existent. Every business has the sole responsibility of regulating behaviors and working within existing economic tenets; however, this has remained a problems as evidenced in the Security Exchange Act of 1934 (Smeltzer and Jennings 59).

In the act, maintaining a crucial economic flow involves holding certain ethical factors constant. From this perspective, international code of ethics prove worthwhile in bringing order and equitable trading environment in the raven business risk taking atmosphere.The political, social, and economic structures of different countries roots for varied business treatment. The hypocrisy mixed to surging inflation and high cost of living have brought various business to the ground as they have to conform to local practices while depending of the international standards for fundamental values.

For example, the minimum wages should conform to culture specific and moral norms from a global perspective (Smeltzer and Jennings 64). Decentralizing these ethical loopholes has led to exploitation of labor privileges poking holes on the ability of trust to hold the business environment. Therefore, international business code of ethics remains a viable option for businesses.In conclusion, the legislative, social, political, cultural, and social tenets present new challenges for business growth in the spate of globalization and technological advancement.

Evidently, it is impossible to encourage a global village of businesses while encouraging diversity from different angles. This calls for an international code of ethics for businesses, which promotes coherence, accountability and control. Monitoring economic systems without the standards create malpractices and exploitation not forgetting the contemporary menace of corruption.Works CitedSmeltzer, Larry and Jennings, Marianne. “Why an international code of business ethics would be good for business?

” Journal of Business Ethics; 17.1 (1998) 57-66. Print

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Read Marianne Jenning's articalwhy an international environment code Essay”, n.d.)
Retrieved from https://studentshare.org/law/1652603-read-marianne-jennings-articalwhy-an-international-environment-code-of-ethics-would-be-good
(Read Marianne Jenning'S Articalwhy an International Environment Code Essay)
https://studentshare.org/law/1652603-read-marianne-jennings-articalwhy-an-international-environment-code-of-ethics-would-be-good.
“Read Marianne Jenning'S Articalwhy an International Environment Code Essay”, n.d. https://studentshare.org/law/1652603-read-marianne-jennings-articalwhy-an-international-environment-code-of-ethics-would-be-good.
  • Cited: 0 times

CHECK THESE SAMPLES OF Read Marianne Jenning's articalwhy an international environment code of ethics would be good

Ethics and Corruption at News International

nbsp; In considering the scandal nature it's clear that the practices demonstrated large-scale institutional corruption, yet the breach of ethics outside of regular social legitimacy may not be as dramatic as they seem on the surface.... Tied in with notions of journalism are notions of contributing to the public good.... This paper 'ethics and Corruption at News International" focuses on the fact that between 2005-2007 investigations were conducted into News International, a subsidiary of News Corporation, into alleged phone hacking practices by tabloid papers falling under their auspices....
6 Pages (1500 words) Essay

Code of Ethics Reflecting on Personal Experience

The paper “code of ethics Reflecting on Personal Experience” presents a statement of ethical values, the role of leadership, corporate social issues, laws, and regulations influencing the corporation, monitoring and enforcement plan, ethics, and auditing plan, ideas for working internationally.... Normally, individuals and institutions develop codes of ethics for their personal and professional lives to promote harmonious and acceptable behavior within their respective environments....
11 Pages (2750 words) Term Paper

International Business Ethics

It does not argue that an act is good or bad but instead puts the moral fiber of the person under the microscope.... , consequences, (3) equates good with pleasure and evil with pain, and (4) asserts that pleasure and pain are capable of quantification (and hence 'measure')" (Cavalier p1).... This was modified over the years by philosophers such as John Stuart Mills and Ludwig Von Mises to come to mean the greatest good (or happiness/pleasure) for the greatest amount of people....
10 Pages (2500 words) Essay

Environmental Ethics in Business

The excuse or the argument of President Bush does not hold good.... The paper “Environmental ethics in Business” seeks to evaluate environmental ethics, which is an integral part of any sustainable development in today's world.... Businesses around the world are obliged to abide by all the ethics of environmental sustainability.... In order to respectfully live and enjoy in this world, every human being has equal title to the natural resources including clean air, clean water, and clean environment....
3 Pages (750 words) Assignment

Ethics in International Environments

In the article “ethics in International Environments” the author points out how cultural differences force international firms and corporations make immediate alterations in their strategies in order to combat the prevailing cultural and regional divergences.... “ethics has”, the Columbia University Press views, “developed as people have reflected on the intentions and consequences of their acts.... om) Case Background: In the article under study, the writers, Chen & Fletcher (2007) point out how cultural differences force international firms and corporations make immediate alterations in their strategies in order to combat with the prevailing cultural and regional divergences observed by the individuals belonging to one specific society or region....
6 Pages (1500 words) Essay

International Business Ethics

On the other hand, acts that cause happiness are regarded as pleasant, and they result in good for the greatest number of people.... The paper "International Business ethics" highlights that ships or aeroplanes that are travelling to the regions for business purposes have to adhere to the set regulations; hence, they are banned from the operation, in addition to, being subjected to heavy fines.... That notwithstanding, the emphasis on business ethics attracts many potential employees as well as investors to the organization because such stakeholders always want to be associated with organizations that observe ethical business practices (Mitchell, 2009)....
11 Pages (2750 words) Essay

Ethics and Issues Of International Football

In this paper, the author demonstrates how to relate ethics to football through the laws of the game and the code of ethics.... heories of deontological ethics might suggest that it would be possible to create a complete and comprehensive law that would prevent all negative behavior for all people who follow that law.... There is an enormity of researches and theoretical work written on the subject of ethics.... nbsp;According to De Foe, there are three (3) main schools of thought as detailed belowThe people's good is the highest law....
12 Pages (3000 words) Term Paper

Ramadan Cooperation - Code of Ethics

The paper "Ramadan Cooperation - code of ethics" emphasizes the code of ethics set by the organization forms the bottom-line of the organization's trend.... hellip; Business ethics are the principles and standards that guide behavior in the business world.... In organizational management, the virtues and ethics are a prerogative to the success of the business.... ethics are developments of standards and guides whom the society expects its members to up-hold at all times (Gensler, 2011 p....
5 Pages (1250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us