Question

1. Research different cultural aspects of Brazil, Japan, and Iran. How do these differ from the US?

2. How would a female executive be received in each country? How about a young male executive?

3. How does your religion influence the way you do business?

4. What are 4 ethical categories that differ from nation to nation?

5. What influences managerial ethical decisions? (6)

6. How can improving a company's ethics help its profitability?

Answer 1

Brazil is known for expressive and emotional communications, Japan and Iran are known for rational, practical and very subtle communication whereas US is mix of all traits where emotions are expressed in very subtle way and considerably medium proximity or distance between two individuals.

Females are perceived to be suited for more soft skill jobs and where condition are suitable, whereas young males executives are suitable for hard skill and high pressure jobs specifically in India.

Religion has huge impact in businesses as in India where we see Vegetarain food been highly consumed due to large diasporic population belonging to Hinduism and hence in states like Gujarat in India, Dominos has adopted pure Vegetarain menu first time in world.

The four broad categories of ethics differing from each nation are deontology, utilitarianism, rights and virtues.

Managerial ethical decision are largely influenced by peer pressure, management culture, lack of ethical framework, Bureaucracy, tradeoff of costversus benefits, risk to return ratios.

Improving company ethics can lead to increase in shareholders confidence, consumer trust, vendor integration, higher goodwill, higher credit ratings and low volatility in stocks.