Once this occurs, is when an organization will face a number of ethical challenges, as they want to maintain healthy profit margins and are forced to push employees to work even more hours. At which point, it is only a matter of time until productivity levels will decline. The best way to establish ethical practices in various host countries is to create an ethical code, based upon cultural traditions and the ethical standards of the company. This is where you are taking the ethical standards of the organization and are augmenting them, with the values of the country. Once this take place, you would then create an ethical code, to serve as a basic foundation for various moral business practices. At which point, you would conduct consistent ethical audits, to determine how the staff is responding to the different ethical challenges that they will face. Over the course of time, this strategy will help to create an effective code of ethics that is tailored to each country a company has operations in. ("Ethical Issues in Business," 2010) A good example of this can be seen with the World Tourism Code of Ethics. This establishes, nine basic principles that all countries, engaging in various forms of tourism will follow. As the implementation and introduction of this code, has meant that a worldwide standard is followed for acceptable business practices in the tourism industry. At which point, the way businesses and their employees interact with travelers will be...
("The World Tourism Organizations Global Code on Ethics for Tourism," 2005)
Human Resources Over the last several years, the issue of employee compensation has been increasingly brought to the forefront. This is because globalization is requiring firms to have employees with specialized skills. In the case of the mid-level manager position, the ideal candidate must be able to meet the basic qualifications to include: a good communicator / listener, leadership, someone who can work well with others, a minimum of a four-year
In the case of the Baby Boomers, they represent 76 million people. (Reeves, 2005) For many organizations, this is troubling, as they have no way of being able to replace the loss of talent that they are facing. When the workforce is more diverse, these kinds of effects are not as big of an issue, as the company can be able to hire new employees to replace those who
This is problematic, because it allows government waste and inefficiency to increase, which this makes it more difficult to: fire or layoff non-essential employees. As a result, there has been a concentrated effort to eliminate this power, in order to improve the state's ability to adapt to shifts in the economy. (Weitzman) However, many of the public employee unions and liberal Democrats have been fighting this law. The reason why,
International Business Over the last several decades, globalization has been having profound impact on the way businesses are operating. This has created shifts in the markets for a wide variety of corporations seeking to aggressively expand into these areas to increase their overall profits. A good example of this can be seen with a study that was conducted by the UN Conference on Trade and Development. They found that nearly 90%
Business Communications Over the last several years, teamwork and communication have been become an essential element for a business to be successful in the long-term. Part of the reason for this, is because globalization has created a shift in how organizations are able to effectively adapt to new competitors and changes inside the marketplace. This has caused a wide variety of firms to focus on how they can be able to
World Bank Over the last several years, the World Bank has played an important part in helping to ensure continuous economic growth throughout East Asia. As, the have worked with a number of different countries to improve their standards of living and in addressing a variety of lingering issues that have been impacting these areas. In the case of Hong Kong and Singapore, they have begun to experience above average growth
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