Busness Ethics in developing countries such as China and in developed countries such as America? give...

Busness Ethics in developing countries such as China and in developed countries such as America? give exampels about multinational corporotion in both countries snd how do they desl in their bussnisses with ethics ? (Commercial advertisements and community activities)

Expert Solution

Solution:

Business ethics in developed countries are concretely defined and followed. The developed countries have specialized bodies to ensure that the businesses care carried out as per their code of conduct and they are the compliance bodies to the the business ethics. Also, in developed countries there will beorganizations that act as ombudsman to the issues regarding business etics. Hence, the boundaries of ethics are concretely defined and hence it becomes easy to categorise between ethical and unethical practices. Hence, this is why the state of business ethics in developed countries is good and thus they rank higher in their rankings for best places to work and ease of doing business because of ethical practices being followed.

Consider the example of Google, it follows appropriate business ethics policies and they have their own code of conduct that directs the activities of the employees. There is a compliance department in Google whos' job is to check if the practices are followed as per code of conduct and penalise if they are not followed.

Whereas in developing countries such as China or India the business ethics policies may not have been concretely defined. These rules are generally loosely stated and hence it is difficult to make the distinction between ethical and unethical practices. This does not signify that all the businesses are unethical, it states that the business ethics in small companies are not concrete and hence the work culture and environment can become toxic for the employees. Hence, this is why the work culture in many of the companies may just not be favourable for the employees due to lack of ethical standards.

Consider the case of an Indian company, Reliance Industries. The company has ethical practices department but however it may not be sufficient to ensure complete ethics. The company and the work culture focuses least on the business ethics.

HEnce, this is how the business ethics are handled by companies in developed and developing countries.

keosha answered 5 months ago

Give examples and explain in detail the differences in values and behavior between developed countries, developing...

Give examples and explain in detail the differences in values and behavior between developed countries, developing countries and poor countries in responding to the pandemic that is happening (covid19)

Are international companies interested in business ethics? Compared to local companies in developing countries? give examples

1. What is an example of an asset that, in developed countries but not in developing...

1. What is an example of an asset that, in developed countries but not in developing countries, also functions as capital? 2. What is an example of a service or opportunity that people in developing countries cannot access because they lack access to capital?

‏what is the impact of covid - 19 on developed and developing countries? answer it with...

‏what is the impact of covid - 19 on developed and developing countries? answer it with details

1. Total fertility rates are typically _______ in developing countries than in developed countries, and life...

1. Total fertility rates are typically _______ in developing countries than in developed countries, and life expectancy is on average ______ in developing countries than in developed countries. Group of answer choices a. lower, lower b. higher, higher c. higher, lower d. lower, higher 2. The total human population has grown _______ the last 100 years Group of answer choices a. at a steady rate b. above earth’s carrying capacity c. exponentially d. logistically e. slowly 3. Intact freshwater wetlands...

Imagine that there are only two countries in the world: America and China. Each country produces...

Imagine that there are only two countries in the world: America and China. Each country produces and consumes two goods – a tradable good (T) and a non-tradable good (NT). The production of these goods involves the use of labour, but no other resources are used in the production process. This is of course a ridiculous assumption, but it is one we will make for the purposes of this assignment. There are perfectly competitive markets for the non-tradable good (NT)...

In North America and Europe, as countries developed from the late 19th to the late 20th...

In North America and Europe, as countries developed from the late 19th to the late 20th century, social insurance (public pension) schemes, unemployment benefits, and publicly provided health care and welfare schemes became more pervasive. Over that period, the extended family was replaced by the nuclear family. Use the concepts of economies of scope and path dependency to explain why this happened and why the transformation took several generations.

Question

Busness Ethics in developing countries such as China and in developed countries such as America? give...

Solutions

Expert Solution

Related Solutions