Ethical Management Processes in an International Company

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

An initial new hire and employee ethics training has to be develop and administered. Also on-going ethics refresher training for use throughout the employees career with Company Q will need to be incorporated in the program. Systems will be developed and put in place to monitor, audit, and report ethics violations. A time-line to re-evaluate these programs and their effectiveness towards meeting the companies social responsibility goals will be established. Based on the evaluation a revision or revamp of the program if necessary will be initiated. The ethics program needs to be reviewed and understood by all employees and expectation for compliance very clear. This can be accomplish by tying compliance in some form to employees and leadership individual performance goals. Shareholders all the way down to entry-level employees will benefit from the ethics program which will also put the company on track to being more socially responsible. Once a code of ethics is in place and training has been given, then Company Q can begin developing trust within the company and employees as well as the community. Continued education and training will enable the company to become more socially responsible.

Ethics must be global, not local. In order to build a truly great global business the leaders need to bring forward a global standard of ethical practices.

A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within

Ethical standards in business are important for every leader to know and understand. The book Ethics 101: What Every Leader Needs to Know by: John C. Maxwell discusses ethics in the world today. When people make unethical choices, the reason they do because of three main pitfalls. People do what is most convenient to them, people tend to do what they must do to win, and people rationalize their choices with relativism. In this summary, Maxwell’s definition of business ethics will be framed, examples of ethical standards and guidelines, the meaning and contrast of ethical thinking and ethical behavior, and how to avoid these major pitfalls to live an ethical life. The

A company has to consider strategic initiatives while analyzing all possible outcomes of regulations, decisions and actions and thus, represents an overview of the challenges within values & ethics based decision-making (Mahmoud-Jouini, Burger-Helmchen, Charue-Duboc & Doz, 2015). “Business ethics has drawn renewed attention due to corporate sandals. In addition to the growing importance of governmental regulations, increase pressure from different stakeholders has placed the business ethics as a challenge on all the firms” (Lal, 2015), p. 1). Companies not only have a responsibility to their shareholders and stakeholders, but their suppliers, government, creditors, consumers, community and employees from a local and global perspective in regards to ethical considerations in globalization (Lal, 2015).

We can relate the above steps to what Charles W. L. Hill (2014) has to say about building an ethical organization. The books starts off with hiring and promoting people with well-rounded senses of personal ethics. For example, when companies have interviews they can ask scenario questions to see what the individual would do in certain situations. Therefore, building an organizational culture that places a high value on ethical behavior which is similar to step one in the article above. Next, leaders have to set an example of ethical behavior so the employees can look up to them and express the same ethics. Companies need leaders to be morally courageous and encourage others to do the same. Lastly, companies have to incorporate decision-making

Ethics involve an individual's moral judgments concerning what is right and/or wrong. Individuals or groups of people are responsible for making decisions in an organization (shaw, 2008). Decisions within the organization are always emanate from the company's culture. However, the decision to act ethically and morally requires an individual judgment. Thus, members of staff are obligated to make decisions that reflect their right course of action (shaw, 2008). This involves rejecting the option that could lead to the greatest short-term gain. The leadership of most organizations stresses the need to adopt ethical behaviors and corporate social responsibility. Ethical dealings can earn the organization various benefits. For instance, it may attract more clients to the business thus boosting sales; employees could be motivated to stay longer in the organization thereby reducing recruitment expenditures. Ethical behaviors could also earn the business a favorable reputation that could attract investors. Categorically, a lack of social responsibility or unethical behavior may hurt the firm's reputation and scare away investors. Sales and profits could fall in the process.

Ethical decision making can protect the interests of shareholders and stakeholders because it demonstrates that an organization is practicing good corporate social responsibility (CSR). When it comes to good CSR, Thompson and Soper (2007) believe that values can increase profits and build long term benefits as well (p. 133). Doing business in the global market place also requires some ethical or value based decisions making albiet they may be somewhat different from domestic ethics and values. The following paper examines the challenge of value/ethics based business decision making in the current global marketplace.

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.

Doing business overseas requires the company to adapt to local laws and conditions in every country in which it operates. There are two steps that the organization should follow in order to prepare for doing business around the world. The first is that the company needs to have a set of guidelines for conduct that is consistent throughout the entire company. This would include a code of ethics that sets a minimum standard for behavior, regardless of what laws the company is subject to. Standardizing conduct and ethics throughout the organization helps to insulate against differences in laws and codes of conduct around the world.

International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according

How do ethical values shape behavior in organizations? According to Saleem (2014), ethical values and behaviors of an organization are made up of organizations institutionalized philosophies along with the moral ideologies of its members. In addition, the codes of ethics help to enhance the moral reasoning of employees while shaping their behaviors towards morally questioning unethical situations. Organizational leaders are encouraged to build cultures of trust with leadership who establish concerning goals employees pursue y setting examples for others to follow (Crosbie, 2008). The leaders whom are able to build training and development throughout their organization helps design and build relationships characterized by collaborative behaviors those results in mutually beneficial outcomes (Crosbie, 2008).

Employees of a global company such as MKD need to adhere to the companies’ regulations as well as guidelines regarding ethical behavior and responsibility. The various ethical behaviors that are exercised by MKD towards their employees include, abiding to the law. With regards to the oil spill, the employees of the company are required to take the required measures that will ensure that the damages of the oil spills are minimized, this will enable the company to adhere to environmental laws as well as prevent the occurrence of law suits and government fines. The employees of the company are also required to be responsible for their actions regardless of whether the actions are positive or negative. The employees in this case are required to take responsibility after the oil spill before it causes more damage. They are also required by the management to ensure that they keep the environment clean as they carry out their organizational activities. The employees of the company also need to be accountable, they thus need to communicate their negative actions to the management as well as admit to their actions in a timely manner. In our case, they need to assess the damage that has been caused by the oil spill, as well as identify the causes of the oil spill instead of blaming each other (Damon P. 2010).

In recent years, owing to the internationalization of markets, businesses and production processes, more and more marketers and entrepreneurs have to deal with ethics and social responsibility issues in cross-cultural settings. Growth in globalization increased the ethical and social responsibility of corporations across the world. Huge