Philosophical Approaches to Business Ethics Essay
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An organization’s approach to business ethics is a critical aspect of international business operations. Managers must understand that success may hinge on an astute analysis of ethical business practices and how a particular philosophical approach to ethics can affect an organization’s ethical standing abroad.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Analyze cultural communications that affect international business.
Determine how a particular philosophical approach to ethics reflects on an organization doing business internationally.
Competency 2: Evaluate patterns of global organizational structure and hierarchies.
Determine whether a particular philosophical approach to ethics is practicable in an organization doing business internationally.Philosophical Approaches to Business Ethics Essay
Competency 3: Analyze the role of international business culture in the negotiation process.
A business manager in a corporation involved with international business faces numerous challenges. One that seems particularly challenging is the issue of business ethics. Most would agree that it is difficult to come up with a single definition of ethics that would be agreed to across all countries and cultures. Thus by definition, a business manager involved with international business faces challenges at the most basic level, which is how to define business ethics, and then even more prominently how to interpret, monitor, and ensure appropriate compliance with policies put in place. It is very common to see business news headlines of some company (even a highly respected company) suddenly facing a major issue (often, a crisis) associated with ethics.
As a way to help manage this, Apple Computer put a “Supplier Responsibility” program in place, whereby they try to ensure all of their suppliers are meeting the policies they have defined, including particularly those related to business ethics (Hyatt, 2011). It is clear that Apple’s program requires a major investment, including auditing their suppliers and then taking whatever action is deemed appropriate, even terminating their relationships with some suppliers.
Foreign investment is yet another area that is both complex and controversial. On one hand, business managers might consider it an appropriate strategy to own (or at least invest in) organizations that they are involved with, regardless of if those organizations are in their “home country” or not, so as to have better control over how that organization operates (at both the strategic and tactical levels). On the other hand, many governments have laws in place that restrict or control various types of “foreign ownership.” One interesting company related to this topic is Schlumberger, the very large oil services company. Schlumberger’s culture is truly multi-national, and their managers perceive the company as a “world” company rather than one associated with a given country. They do business in most countries in the world and attempt to distance themselves from politics and many country-specific issues. Most would likely say that Schlumberger is highly respected and successful on a global basis and has established a fairly unique culture in the context of globalization.Philosophical Approaches to Business Ethics Essay
Hyatt, J. (2011, February 15). Apple expands supplier responsibility program. Retrieved from http://business-ethics.com/2011/02/15/1030-apple-i…
The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.
The following e-books or articles from the Capella University Library are linked directly in this course:
Adekola, A., & Sergi, B. S. (2007). Global business management: A cross-cultural perspective. Abingdon, Oxon, GBR: Ashgate Publishing Group.
Mitchell, C. (2008). A short course in international business ethics: Combining ethics and profits in global business (3rd ed.). Petaluma, CA: World Trade Press.Philosophical Approaches to Business Ethics Essay
Course Library Guide
A Capella University library guide has been created specifically for your use in this course. You are encouraged to refer to the resources in the BUS-FP4016 – Global Business Relationships Library Guide to help direct your research.
Access the following resources by clicking the links provided. Please note that URLs change frequently. Permissions for the following links have been either granted or deemed appropriate for educational use at the time of course publication.
Michigan State University. (2009). GlobalEDGE: Global resource directory. Retrieved from http://globaledge.msu.edu/resourcedesk
Hill, C. W. L., & Hult, G. T. M. (2020). Global business today (11th ed.). New York, NY: McGraw-Hill. Available in the courseroom via the VitalSource Bookshelf link.Philosophical Approaches to Business Ethics Essay
Complete the following:
Use the Capella library or Internet to research the following philosophical approaches to ethics—sometimes referred to as “straw men.” Some ethics scholars consider these approaches as exemplifying the inherent challenges in determining guidelines for ethical decision making in a multi-national organization.
The Friedman Doctrine.
The Righteous Moralist.
The Naive Immoralist.
Write an analysis of the role that social responsibility plays in doing business internationally. To guide your analysis, consider the organizational structures and hierarchies of any organization involved in international business. In your analysis, address the following questions:
What effect does an organization’s ethical standing, or reputation, have on its business abroad?
Will any of these philosophical approaches to ethics work in the organization you have in mind? Why or why not?
How does a particular philosophical approach to ethics reflect on an organization and its managers?
Support your analysis with references from the Capella University Library, globalEDGE, or other Internet sources.
Use the following guidelines when writing your analysis:
Length: 250–500 words.
Writing: Your analysis should be free of grammar and spelling errors, demonstrating strong written communication skills.
Format and References: Use proper APA-formatted references and in-text citations when identifying your sources.