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- Effective ethical policies are important in the global environment. 1. Discuss three (3) of the most common ethical issues experienced in a business. Include three (3) multinational corporations where these ethical issues would have occurred. 2. Discuss two (2) ethical approaches as discussed in the course which can be incorporated when making ethical decisions in at least two (2) of the multinational corporations discussed in (1).Discuss three (3) of the most common ethical issues experienced in a business. Include three (3) multinational corporations where these ethical issues would have occurred. Discuss two (2) ethical approaches as discussed in the course which can be incorporated when making ethical decisions in at least two (2) of the multinational corporations discussed in (1).1. Environmental change is an ongoing challenge to organizations. True or false 2. When an organization goes beyond its legal and economic obligations to stockholders and takes action that provides greater benefit to society, it is demonstrating competitive advantage. true or false
- These are the Global trends that should be looked into re the uber ase 1. What are the incressng concerns for the environment in the case? Greater personalixation and customiation(eg tailoring products and services to specific market segments and managingthese many products and services) Faster pace of innovaion increasing cmplexity( eg managing many different inputs for a final products increase competition for talentWhat does foreign corporate ethics imply? Should local culture influence ethics? What are the ramifications of local standards for MNC managers' ethical decisions?Cynthia Carroll, former CEO of Anglo American, talks about sustainable development issuesduring her tenureIt plays a crucial role and this is widely accepted now. The days where sustainable development wassimply seen as a cost with no value have gone. Value means different things to different people.Creating financial value for our shareholders is a given, but we believe this is not incompatible withenvironmental protection, and delivering broader benefits to our host governments andcommunities. We are committed to creating long term benefits and, in doing this, considering thesocial, environmental and economic implications of all our decisions and actions. This requires usto understand the issues that are going to have an impact on our business, such as access to water,energy or retaining talented people, and ensuring we can manage those risks. It also means activelylooking for opportunities, the ways that we can really deliver value over and above the traditionalbenefits we provide…
- Cynthia Carroll, former CEO of Anglo American, talks about sustainable development issuesduring her tenureIt plays a crucial role and this is widely accepted now. The days where sustainable development wassimply seen as a cost with no value have gone. Value means different things to different people.Creating financial value for our shareholders is a given, but we believe this is not incompatible withenvironmental protection, and delivering broader benefits to our host governments andcommunities. We are committed to creating long term benefits and, in doing this, considering thesocial, environmental and economic implications of all our decisions and actions. This requires usto understand the issues that are going to have an impact on our business, such as access to water,energy or retaining talented people, and ensuring we can manage those risks. It also means activelylooking for opportunities, the ways that we can really deliver value over and above the traditionalbenefits we provide…Briefly describe the main cultural dimensions of Hofstedes framework. Where does the U.S. stand on each of the dimensions?Ethical IssuesThe following statements have appeared in newspaper editorials:1. Business students come from all segments of society. If they have not beentaught ethics by their families and by their elementary and secondary schools, abusiness school can have little effect.2. Sacrificing self-interest for the collective good won’t happen unless a majorityof Americans also accept this premise.3. Competent executives manage people and resources for the good of society.Monetary benefits and titles are simply the by-products of doing a good job.4. Unethical firms and individuals, like high rollers in Las Vegas, are eventuallywiped out financially.Required:CONCEPTUAL CONNECTION Assess and comment on each of the statements.
- Due to scandals as evident in the case of Enron, effective ethical policies are important in the global environment. 2. Discuss two (2) ethical approaches as discussed in the course which can be incorporated when making ethical decisions in at least two (2) of the multinational corporations discussed in (1).1. In your own words, define or describe the concept of ‘sustainability’. Carry out Internetresearch on definitions of ‘sustainability’ or ‘sustainable development’. What do alldefinitions have in common? What are the differences? Which one do you prefer and why?Due to scandals as evident in the case of Enron, effective ethical policies are important in the global environment. 1. Discuss three (3) of the most common ethical issues experienced in a business. Include three (3) multinational corporations where these ethical issues would have occurred. 2. Discuss two (2) ethical approaches as discussed in the course which can be incorporated when making ethical decisions in at least two (2) of the multinational corporations discussed in (1).