Etiquetty And Corruption In Business And Key Business Values In Iceland

The paper examines the cultural aspects of Afghanistan which are likely to affect business. The study focused on areas like business opportunities, meeting and greeting, the impact of religion, customs and courtesies and bribery while giving relevant recommendations to various such areas.

Doing business abroad introduces international business people to differences in approaches to business, business etiquette and protocol. Although these may not be crucial to business proceedings they should not be dismissed as unnecessary.

Describe the social implications of business ethics facing a selected business in its different areas of activity.

In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they

With recent economic turmoil, ethical business practices have been thrown into the spotlight as a vital area with which companies need to improve on. Proper business ethics are vital for economic growth and progress as well as facilitating a productive and morally correct society. The United States has recently suffered large economic declines, the most significant of which occurred in 2001 and 2008. As the questions are asked and some answers given, the picture of big business not caring about the middle class individual is painted for the American people. Everyone has a finger to point, and many of these are aimed towards these large companies. With the blame falling on various financial institutions, people begin to dig deeper to

There is the perception of the Icelanders that always come across the foreigner which is they being a bit withdraw and uncommunicative because usually they did not accept the excessive of the cheerfulness and the smiles that normal when greeting the other person. For the foreigner, Iceland is not the easiest places because there is not many foreigners that working in Iceland. The population in the Iceland is least racial because mostly over 93% are Icelanders but they are actually culturally aware. The country have a strong educational system. There is a few foreigner that stay in there so it always happen when they ignored about other cultures. When doing the business activities in Iceland, we need to be prepared the experience that different with our own cultures.

Moral principles that guide the way a business behaves are known as business ethics. However this term has a broader definition. As the word ethics can pose many definitions in a broad context and it can be challenging to find a common understanding of the term, hence, most companies denote the concept of the term ethics as responsible business conduct, business practices or integrity. Business ethics offers a tool for conducting business more effectively and productively (Heiskanen, 2011). Once an individual have understood the basic definition of business ethics, the next step is to understand the definition of ethics. Simply put, ethics involves distinguishing between what is right or wrong, and then doing the right thing; however "the right thing" is not easy to define in business ethics literature. The majority of ethical dilemmas in the office or workplace are not just a matter of "Should Peter steal from Jose?" or "Should Jose lie to his boss?” Developing ethical beliefs are considered by various philosophers to be "state of the art" legal matters, for example; what develop into an ethical guideline nowadays is habitually converted to a law, rule or regulation tomorrow. Values, which guide how individuals ought to behave, are considered moral values, e.g., values such as respect, honesty, justice, equality, etc. Statements about how these values are applied are sometimes called ethical principles or moral. The

With globalization came the need for businesses to expand overseas to gain and keep competitive advantage in the home country as well as different nations. The world is comprised of different cultures. Each culture owns a set of customs, values and behaviors affecting the way of doing business in those cultures. Therefore, a businessperson is required to learn and understand other cultures to avoid inadvertently offend possible business partners and successfully conduct business transactions in those cultures. This paper then discusses the scenario in which a businessperson plan to do business in Germany and the basis business etiquette required for this businessperson to be persuasive in the business transactions.

This thread will focus on the subject of bribery as an unethical activity within business. The purpose of this work will be four-fold - to provide a definition of bribery, to examine the practice’s prevalence in the global business environment, to reveal the locations where bribery is most prevalent, and to inspect bribery’s relation to the concepts of biblical Covenant, hesed, and mutual accountability. Examples and support from the textbook, course materials, scholarly sources, journal articles, biblical integration, real world business scenarios will validate the claims for this thread.

It is important to dress appropriately when visiting another country for business because you are representing yourself and the company you are working for. You should act and talk at the best of your ability (Smith, 2012). To set a good first impression and tone your appearance will set the mood for the country you are visiting (Magloff, 2012). Women should dress modestly and keep their dress and skirt length below the knee. Their makeup and jewelry should be kept low-key to keep from giving mixed signals. If women wear heels, they should be considered shorter than taller. Men and women should both consider dark colors when dressing. Men are typically safe with a dark suit or shirt and tie (Smith, 2012). These are some good rules to follow.

Foreign direct investment, an important source of funding and technology for manufacturing, is low compared to Malaysia and Thailand. Manufacturing output growth is likely to ease to about 3% in view of the softer external demand. Lastly, the Services sector growth is expected to dip by a little over 1 percentage point to 7.5% in 2008, as retailing and finance sectors slacken. The services sector accounted for about half of GDP in 2007.

Every day people make decisions that may have profound effect on their personal and/or professional lives as well as the lives of others. The decision people make have a foundation on their personal, cultural, and perhaps organizational values. When these values are in disagreement, an ethical dilemma occurs.

New Zealand’s business climate reflects their overall culture; entrepreneurs are highly encouraged to visit before deciding to start a business, to ensure they can assimilate to the lifestyle. New Zealand (NZ) is very tightly networked, natives may seem reserved to expats but after a relationship is established natives are very friendly, outgoing and social. Opposed to countries with corruption, New Zealanders trust everyone until it is no longer deserved, making it imperative to be honest, direct, and demonstrate a sense of humor.

In chapter one the author lays a foundation for the information which will be shared in the following chapters. This foundation allows the reader to understand basic terminology, ideas, and relationships as it pertains to the operation of business, government and society. For a more distinct explanation of what the author helps the reader to understand; the collaborative information that the chapter provides illustrates a somewhat intangible relationship, in which we (business, government, and society) all are stakeholders. The author helps the reader understands the interactions of the stakeholders, and these interactions shape how business’ assumes social

In every culture, business practices varies. In the U.S. it is quite simple “it 's just business” a service or good in exchange for money. However, in the UAE is more than monetary exchange. It is customary not to begin a meeting by talking specifically about business, but by becoming acquainted with each other. Punctuality is important for meetings and it is critical not be in a hurry to leave. Consequently, trade negotiation requires tolerance and patience because the relationship evolve from a series of meetings.