KMGT 633 Business Leadership For

1. Evaluate the changing dynamics of global business from developed to developing nations. Consider the impact changes have had on ethical standards.

2. Critically assess the process of establishing ethical standards to avoid corruption and support corporate social responsibility when doing business in emerging markets

1. The last decade has brought a sea of change to the global business environment and the rise in intense competition among the industries has had a mixed impact on the overall development of the business (Craft 2016). One of the most important considerations in the run up to the global business is the maintenance of the ethical standards in the business. Each and every business of the globe achieves success on the maintenance of the ethical standards. Ethics are generally the guiding principles that help the business organizations to decide the exact factors as to what is right and what is wrong. As mentioned earlier ethical behavior is one of the basic parameters of the organization to determine the ways in which the employees behave and conduct. Global ethics and standards appear in different ways. It is believed to be the basic human interaction, respect for the culture of each and every country and affection for the products and services.

Business ethics in the developed countries is much more advanced and structured than in the other developing and under developed countries. However the situation is totally different in the developing countries where there is innumerable number of cases relating to ethical dilemma. The existing difference between the developed and the developing nations has been a source of great pain for the workforce of the developing countries (Ferrell and Fraedrich 2015). The policies and guidelines differ vastly from that of the developed nations. The workers in the developed nations have more rights and are entitled to much more benefits than the people working in the same organization in the developing countries. This huge change in the ethical policies shows the vast gap between business concepts in developed and developing nations.

2. According to Aguilera Guerrero and Morales (2015), there are a lot of ethical challenges that are faced by an organization while conducting business in the developing economies. There are many companies that takes a one size fits all strategy for establishing ethics and thus tries to apply their normal corporate standards in the emerging markets. However according to Jondle Ardichvili and Mitchell (2014) the main area that needs a transformation is the corruption that exists in the companies as because bribery is believed to be the best way to get a job done easily. The presence of corruption in every part of the organizational structure makes it quite difficult to establish ethics. The companies thus must establish different policies that can help in the implementation of the ethical codes easily and help to perform the CSR activities. Some of the common ways to avoid such corruptions are;

1. Patience-The officials as well as some employees may demand a bribe from the people to speed up their process. However the person must not pay such a bribe and wait for some time for the official process.
2. Develop an Ethical Reputation-The management of the organization must make sure that the company is established in ethical manner. Such an organizational structure can help to avoid corrupt practices and help to bring transparency.
3. Legal Factors-The key to avoid corruption is to make sure the company is established on strict legal terms and there are rivals that may do business on unethical terms. The local laws must be incorporated within the organization to avoid any such conflicts. 

When moral business conduct standards conflict across borders, whose standards should prevail

It is a matter of fact that while one leaves their nation states and nation boundaries. The morality of business gets hampered in such case. Without the known laws and the familiar judicial system it is difficult to define and understand the standards of the ethical conduct. The standard of both the countries should prevail. The business ethicists have been proved to loath to appear on the side with the cultural relativism. The business is growing in a global scale in today`s world. The economic conception of the global capitalism is extremely important in the present world. However I can suggest that it is essential to be more viable and open to the possibility that the explanation of many of the moral absolutes that have come together with the Western capitalist doctrine that can be confessed less by the moral authority compared to the economic power. According to the cultural relativism no cultural ethics is better than the other. There are no international rights and wrong sin such cases. For example, in the late 1980s, there have been some instances where the European pharmaceutical companies were looking forward to dump cheap wastes. They were looking for such sites (Michaelson 2010). They initially approached to all the other countries. They specially approached to Africa. Nigeria agreed but the unprotected local workers wearing throngs and shorts were found to unload the barrels of the PCBs and they placed them in a residential area. Both the workers and the residents did not know that the barrels contained toxic wastes. In case of such abuse the governmental was responsible. However in such cases I think the cultural ethics should be kept. A country already has the right to establish their health and safety regulations. The standard conduct of the host country should be maintained and the guest country should maintain the ethics and the morals of the business conduct of the host country. In such case the moral business conduct standards of the host country should prevail but to some extent the country across the border should prevail partially (McPherson 2012).

Maintenance of personal and organizational standards

If I were a leader of an organization that operates in both the developed and emerging markets I would create and maintain the personal and organizational standards of business practice that are both moral and ethical I would apply the theories that are essential in the maintenance of the ethics in the work place organizations. The leader must look forward in upgrading the standards of the organization by applying the theory of focusing on ethical standards (Michalos 2013). The core values and working to develop the culture of a workplace should be developed in the workplace. The managerial standards of a workplace should be developed by a leader. For the emerging markets the leader must figure out the scope of the sale of the products that will lead to the development in the market. For the developed market the leader must find scope for further development and expansion of the market to some other market. In case of internal market the leader must provide motivation, reward and ranks system. This would encourage the employees to perform well and would increase their productivity (Bachmann 2017). 

References

Aguilera-Caracuel, J., Guerrero-Villegas, J. and Morales-Raya, M., 2015. Corporate Citizenship of Multinational Enterprises and Financial Performance: The Moderating Effect of Operating in Developing Countries. Ethical Perspectives, 22(3), pp.437-467.

Bachmann, B. (2017). Ethical leadership in organizations. Switzerland: Springer.

Craft, J.L., 2016. Common thread: The impact of mission on ethical business culture. A case study. Journal of Business Ethics, pp.1-19.

Ferrell, O.C. and Fraedrich, J., 2015. Business ethics: Ethical decision making & cases. Nelson Education.

Jondle, D., Ardichvili, A. and Mitchell, J., 2014. Modeling ethical business culture: Development of the ethical business culture survey and its use to validate the CEBC model of ethical business culture. Journal of Business Ethics, 119(1), pp.29-43.

McPherson, D. (2012). Vocational Virtue Ethics: Prospects for a Virtue Ethic Approach to Business. Journal of Business Ethics, 116(2), pp.283-296.

Michaelson, C. (2010). Revisiting the Global Business Ethics Question. Business Ethics Quarterly, 20(02), pp.237-251.

Michalos, A. (2013). The Business Case for Asserting the Business Case for Business Ethics. Journal of Business Ethics, 114(4), pp.599-606.