Verified Document

Business Ethics: China And Mexico This Work Essay

¶ … Business Ethics: China and Mexico This work in writing will discuss the business ethics in view of countries that are foreign to one another and specifically the countries of Russia and China and Mexico. This work will contrast and compare the business ethics of these two countries toward providing a contribution to the global ethical perspective. The work of Ma (2010) states that business ethics "refer to the moral principles or values that govern a group of people. These principles and values distinguish right from wrong, good from evil, and thereby guide individuals in their personal and professional decision making." As noted in the work entitled "European Business and Economics Ethics: Diagnosis -- Dialogue -- Debate: Is There a European Business and Economic Ethics Approach?" presented at the Berlin September 2007 states that the economic reality in Europe today is increasingly determined by pan-European and global forces that transcend the one predominant level of the nation state. As a result the 'economic ethical reality' has changed as well: economic actors, non-governmental organization, governments and the scientific community have to look beyond national borders in addressing ethical issues." ( )

I. Examination of Business Ethics of Russia

According to Ziegfeld (2011) the most recent report card on Russia indicates that "Russia is no-man's land in term of investing. The Heritage Foundation reports that Russia scores an F. In economic freedom and this is in addition to the fact reported that Russia "Then Transparency International delivers Russia's evaluation in business ethics. You guessed it, a third F. Russia is ranked #154 out of 178 states...

Examination of Business Ethics in Germany
Malterer and Eastwood (2009) state that Recently, many international corporate groups have "received adverse publicity due to either compliance issues or misuse of data. This is in part due to ramified corporate structures which prove hard to control and also due to their businesses operating in countries where corruption is endemic." It is specifically stated that in Germany "fines of over €100 million have been imposed on companies. According to a recent survey, the total damage caused to the German economy, by proven corruption cases alone, is estimated to amount to €6 billion per year. This amount does not even take into account indirect damage such as that caused by the loss of reputation, business relationships or important employees. Lengthy investigation proceedings will lead to the loss of productive management time, and this must also be considered." (Malterer and Eastwood, 2009)

High criminal fines are applicable in these cases with companies potentially facing substantial increases in operational costs. In the even an agreement is made involving bribery the consequences may be that the agreement is void. (Malterer and Eastwood, 2009, paraphrased) In addition to loss of reputation and state sanctions "…the company may also expose itself to blackmail and…

Sources used in this document:
References

Iwan, Lee (2006) How to do business in Mexico. Lee Iwan Accumulated Experience. Retrieved from: http://leeiwan.wordpress.com/how-to-do-business-in-mexico-parts-1-28/

Iwan, Lee (2010) Corruption, Bribes, Mordidas, tips." Lee Iwan Accumulated Experiences. Retrieved from: http://leeiwan.wordpress.com/2006/11/07/corruption-bribes-mordidas-tips-doing-business-in-mexico/

Ma, Zhenzhong (2010) The SINS in Business Negotiations: Explore the cross-Cultural Differences in Business Ethics Between Canada and China. Journal of Business Ethics 2010. Retrieved from: http://sixdegreemarketing.com/marketing/work%20images/MY%20FILES/FIT/paper/ZZ%20-%20ones%20that%20I%20have%20used/social/Explore%20the%20Cross-Cultural%20Differences%20in%20Business%20Ethics%20Between%20Canada%20and%20China.Full%20Text%20Available.pdf

MacDonald, Chris (2010) Business Ethics in China. The Business Ethics Blog. 30 Aug 2010. Retrieved from: http://businessethicsblog.com/2010/08/30/business-ethics-in-china/
Mitchell, Charles (2003) A short course in international business ethics: combining ethics and profits in global business. World Trade Press. 2003. Retrieved from: http://books.google.com/books?id=Rt1rU956LaIC&dq=business+ethics:+China+vs.+Mexico&source=gbs_navlinks_s
An International Conference European Business and Economic Ethics: Diagnosis -- Dialogue -- Debate Is there a European Business and Economic Ethics Approach? (2007) Organized by the Berlin Forum in cooperation with the Heidelberg Academy of Sciences and Humanities 6th -- 8th September 2007. Retrieved from: http://www.hampp-ejournals.de/hampp-verlag-services/get?file=/frei/zfwu_1_2007_114
Malterer, M. And Eastwood, Sam (2009) Business Ethics and Anti-Corruption in Germany. 6 Mar 2009. Retrieved from: http://www.lexology.com/library/detail.aspx?g=cd5bf279-44e2-4843-b35c-75c04fb42652
Cite this Document:
Copy Bibliography Citation

Related Documents

Business Ethics Law
Words: 2647 Length: 9 Document Type: Research Paper

Business Ethics and Law Over the last several years, the issue of ethics and legal challenges has been increasingly brought to the forefront. This is because globalization has created a change in the way firms are interacting with employees. Over the course of time, this has resulted in firms outsourcing jobs to key locations (which have lower labor costs). This has given executives greater amounts of flexibility in determining: what is

Business Ethics Issue of International
Words: 1847 Length: 6 Document Type: Term Paper

589). This may sound harsh, but it has been shown in many countries that this is the best practice for the employment and the economy. While conditions in some sweatshops are unimaginable, in many countries sweatshop workers actually have better working conditions than many other workers have, and make more money as well. For example, a worker manufacturing shoes for Nike in a Chinese plant actually makes more money than

Ethics the Author of This Report Is
Words: 1277 Length: 4 Document Type: Term Paper

Ethics The author of this report is asked to discuss ethics as it pertains to a topic of the author's choice. The author of this report chooses to discuss the ethics topic of using factories in Asian and surrounding countries like China and Bangladesh with questionable if not outright deplorable labor laws and/or working conditions. The author of this report will now answer five questions surrounding that topic. Ethics of Using Foreign

Business There Are a Number
Words: 617 Length: 2 Document Type: Essay

S. International Industries could face a situation like this. The existing legislation does not require safety equipment in one country that is standard in most countries. The company then needs to decide on a choice between using the safety equipment anyway or squeezing that last $500,000 in profit out of the well. Ethical dilemmas occur frequently in business. They arise out of the conflict between two reasonable but mutually exclusive objectives.

Business Communication & Technology Barnes,
Words: 7132 Length: 25 Document Type: Research Paper

In this case, the authors say not much is understood in terms "…of how it support for knowledge management practices in organizations affects the development of TMS (transactive memory system) (Choi, et al., p. 855). In this research, the trio of researchers have come up with several interesting findings relative to the impact of information technology. Indeed, after researching 139 technology teams (743 individuals) in South Korea, they learned that:

Operations Management: Balancing Ethics With
Words: 2723 Length: 9 Document Type: Essay

1073). Brocklesby advocates 'Soft OR' approaches such as Multi-Criteria Decision Analysis, Data Envelope Analysis, Cognitive Mapping, Soft Systems Methodology and the Theory of Constraints to allow for "conflicting objectives and multiple subjectivities" (Brocklesby 2007, p.1073). For example, the Theory of Constraints (TOC) deploys the TOC Thinking Processes to map social, material, and personal consequences of collective decisions. A TOC Current Reality Tree, searches for root causes of problems. A representation of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now