Globalization refers to the increasingly connectedness people and countries across the entire world, especially with regard to work and the economy. Globalisation has overwhelmed the whole world. In some areas it has enhanced the businesses and the standard of life, whereas in other places it has caused mayhem. The benefits have not been distributed fairly within nations.
In an attempt to increase profits and maintain competition some organization have ended up in an unethical business practices such as casualisation of employees, which destroyed the interest of employees and violate essential labour laws. With globalization, the international business experts are getting into ethical dilemma. This include whether the enterprise can guarantee the safety and right of their employees while at the same time maintain its profits. Most organization has code of ethics stated in their policy.
It includes the organization intention upon which moral principles it works. Ethics are necessary when the line is drawn. And this will help determine what is right or wrong based on the international perception. Generally, some organization especially in the developing world, have a blurry ethical lines. In most organization problems of casualisation have long-standing issues especially in the developing world, multinational and corporations (Albrow, 1997). Ethical perceptions across cultures in regards to the ethical situation
Business principles are products of social and cultural evolution. They exemplify ideas and orientation and enhance decency through conventional practice and historical experience. Thus, it is not easy to make standard ethical strategies that can be legitimized across business organizations. New ethical issues emerged with globalization hence making ethics to vary from one business to another. Thus, different organizations have different measures of attributing ethical status to conduct (Anderson, 1991). Learn More
