Lesson Learned in International Business
Ask yourself, what value added am I adding, producing above and beyond what was discussed in class?
The way that I am adding value above what is covered in class is through taking the ideas that were presented and using them in the real world on a practical basis. Too often, many business executives will become involved in transactions that will lead to conflicts of interest. In some cases, this is from the desire to lower costs (which will have an impact on a firm's labor practices). While at other times, these issues will take place because of changes in the company's business model. In every case, executives used these actions to engage in activities that will support their own self-interests. Moreover, they are ignoring the long-term impact of their actions on different stakeholders. (Abedelal, 2003) (Fung, 2006) (Kennedy, 2003) (Spar, 2002)
This is problematic, because these kinds of abuses will often result in ethical challenges that will have adverse effects on the general public. The ideas that I learned in this class will give me the foresight to see the how this will impact different parties that I am working with. It is at this point that I can engage in actions that will be supportive of the different stakeholders inside the community. (Abedelal, 2003) (Fung, 2006) (Kennedy, 2003) (Spar, 2002)
Try not to report your lessons as an objective third party bystander but as someone who has internalized...
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