how are companies adapting their ethical systems to a global
framework?
how are companies adapting their ethical systems to a global
framework?
Solutions
Expert Solution
The companies are adapting their ethical systems to a
global framework as explained below:
The standardization of the business increases in the market
through high influence on the culture of the company, as where only
ethics can promote the company to sustain in the market for longer,
so that the company would adapt to the culture first.
Develops on positive and healthy work culture, as where the
employees would adapt to the ethical values and norms as to create
on ethical work environment, so that teh company provide flexibilty
for the employees to adapt on work environment.
Ethics increases on the productivity through the customer image
in the market, so that the company will understand on the needs of
the customer on through adapting towards the society.
Ethics is important to retain on the top talents of the
organization, so that the business could further develop in the
market. So that the company needs to adapt on providing benefits to
the employees on to retain them.
Reduce on financial risks in the organization through increased
productivity, so that the company will adapt towards the financial
situation and manage on the risk to improve the business of the
organization.
How to aaply the eron case to the following question
Ethical Framework
a) Propose an ethical framework for setting appropriate
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higher level of ethical
values and decision making, as they relate to this case. The
framework should include the ways in which management will be
involved in the
process and what company resources should be available to
employees to help make them more ethical choices.
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Question to be Answered in context to International
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- Outline and justify your chosen ethical
framework
- Consider
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economic factors.
-
Determine if a focus on ethical actions impacts the firm’s final
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