The practice of "gift giving" between the parties to a business negotiation is considered right and proper in many Asian cultures. However, some Westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This demonstrates that what is ethical depends on one's cultural perspective. Asian countries are still influenced by totalitarianism. notions of ethics are universal. accepted employment practices are universal. Asian cultures are more economically advanced.

The practice of "gift giving" between the parties to a business negotiation is considered right and proper in many Asian cultures. However, some Westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This demonstrates that what is ethical depends on one's cultural perspective. Asian countries are still influenced by totalitarianism. notions of ethics are universal. accepted employment practices are universal. Asian cultures are more economically advanced.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter16: Managerial Communication

Section16.5: The Major Channels Of Management Communication Are Talking, Listening, Reading, And Writing

Problem 1DQ: Is it ethical for U.S. companies to lay off workers and hire foreign workers under the H-IB program?...

See similar textbooks

Similar questions

Companies and those who work for them must act responsibly wherever they go-- besides improving performance, acting responsibly and behaving appropriately promotes prosperity and peacefulness. However, when an individual moves abroad, moral reasoning becomes quite complicated. Consequences often vary due to legal differences, and what is right or wrong may depend to an extent on local values. People need to figure out how make moral decisions—and so do the companies they work for. Certainly, it is tempting to assume that there is almost universal agreement on what’s right and what’s wrong when it comes to ethical and socially responsible behavior in business. In the real world, however, managers face situations from country to country in which the whys and hows of applying cultural values are less than crystal clear. Furthermore, everything that complicates dilemmas in the domestic business environment tends to complicate them even further in the international arena, given…
1. Write TRUE if the statement is correct, write FALSE if the statement is incorrect. - Countries have the same laws that may ascribe different rights to the various business entities. - The goal of business is for sales to be more than expenditures resulting in a profit. - A grocery store is an example of a service business. - A cooperative is a business organization owned by a group of individuals and is operated for their mutual benefit - Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. - Sole proprietorship are not ideal for high risk businesses because they put your personal assets at risk. - The owners of a corporation have limited liability and the business has a separate legal personality from its owners. - In most forms of partnerships, each partner has limited liability for the debts incurred by the business. - The corporation has a life of its own and does not dissolve when…
How challenges of Negotiation could be tackled effectively? Which theory of wage do you think is the most effective in Pakistani Settings?
Discuss three ways that culture influences negotiation behavior. Describe how cultural biases or background can negatively affect international business negotiations. How can you improve upon your understanding of different cultures and international markets, and how these differences make an impact on your own company or industry? 4
80) Freedom of association and the effective recognition of the right to collective bargaining are principles for doing business globally in the area of ________. A) anticorruption B) human rights C) labor D) the environment 81) The Global Compact principle that businesses should undertake initiatives to promote greater environmental responsibility, is a principle for doing business globally in the area of ________. A) anticorruption B) human rights C) labor D) the environment 82) Which of the following is nota way for management to reduce unethical behavior? A) select individuals with high ethical standards B) establish codes of conduct C) provide ethics training D) monitor employee telephone calls 83) A ________ is a formal statement of an organization’s primary values and the ethical rules it expects its employees to follow. A) mission statement B) statement of purpose C) code of ethics D) vision statement 84) The primary debate about ethics training programs is whether…
What are the ethical implications of the following interpretations? Foreign-owned companies are guests in host countries and have no right to impose their cultural values. They are obligated to "play by the rules" by following local laws and customs. Any exceptions?
Is it ethical for U.S. companies to lay off workers and hire foreign workers under the H-IB program? Should foreign countries restrict the hiring of foreign workers that meet their workforce requirements?
Choose any company (Government or Private) doing business in Oman. Analyze and describe the influence of Islamic approach on the practices of the selected company. Explain in short company profile and its key products, and identify any four Islamic principles and approaches the company is following in its business practices. (100-250 words maximum) And Explain the benefits the company is getting or beneficiaries are receiving by implementing Islamic principles and approaches in the company- (100-250 words maximum) And Your opinion -Any Two Islamic principles and approaches that you suggest to the chosen Organizations. Justify your choice (100-250 words maximum)
You are the head of an Industrial Relations consultancy firm. You have been invited to present to the Board of a Multi-national Corporation that intends to open a local operation within Antigua and Barbuda. The Corporation is, however, concerned about Globalization and the readiness of CARICOM for its possible impact. As a subject matter expert in your country, use your knowledge and experience in IR to prepare a comprehensive report. To encourage the Multi-National to proceed with establishing a presence in your country, list and elaborate on at least three (3) strategies to minimize the possible negative impacts of Globalization for their company. (700 words) Provide basic costs and information on other factors that can affect the effective implementation of these strategies. (200 words) An appendix must include features such as bar graphs, tables or charts utilized for effective data collection and analysis An appendix capturing the sources of policy content must be included, as…
Volkswagen’s two-tier board structure Under German company law, it is mandatory for all public companies to have two boards – a supervisory board and management board. The supervisory board is composed of 20 members, and the board appoints and oversees the members of the management board, and authorises major business decisions. The Co-Determination Act of 1976 stipulates that companies with more than 20,000 employees must have 20 seats on their supervisory board. Under German company law, all public companies are required to have two boards – amanagement board and a supervisory board. Discuss the advantages and disadvantages ofadopting a two-tier board structure, and draw a comparison with the one-tier boardstructure.
2. From an ethical point of view, De George recommends that companies multinationals operating in developing countries Select one or more than one: a. pay fair contributions b. be virtuous c. Respect the local culture, unless it violates ethical principles d. Pay wages equal to those prevailing in their own country e. Respect the rights of all parties f. "When in Rome, act like the Romans." g. apply libertarianism
How challenges of Negotiation could be tackled effectively? Which theory of wage do you think is the most effective in developing country?