Journal

Globalization : Its Implications and Relation to Ethical ResponsibilityThe world market has structured into one global economy and has brought free trades , tougher competition , internalisation , political systems , and sophisticated technology that aimed at rapid ontogeny and development (OXFAM , 2000 Ernst Ozawa , 2002 . Although globalisation can create a reason of empowerment , it also creates a sense of disempowerment and negative implications in the world economy (Su , E . 2000 Konadu-Agyemang , 2001 Fort Schipani , 2002 ,. 403 Dutfield , 2004 Business leadership and s commandholders of transnational corporations (TNCs primarily benefit from globalization it (Nuruzzaman , 2005 ) while they take advantage of the human and natural resources of most developing countries (Agarwal , 1998 ,. 198 . imputable to the need to cope with the changing demands of globalization , business organizations atomic number 18 face with the dilemma of doing the right thing . It seems that it is inevitable to arrogate low-cost production strategy in to achieve utmost profitability . Thus , large companies are tempted to use dexterous workers from poorer countries as means to and end to be able to get together competitive advantage over other players whose objective is to economically advance other countries worldwide . However , this journal argues that it is wrong for corporations to employ workers in foreign countries under difficult operative conditions , for wages that some people con statusr exploitativeGlobalization can all create disempowerment or empowerment (Fort and Schipani 2002 . On the positive side , globalization whitethorn contribute to economic productivity in different countries . Kofi Annan observes that the benefits of globalization are plain to see : scurrying economic growth , higher living standards , accelerated excogitation and diffusion of technology , and management skills , new economic opportunities for individuals and countries also (Annan 2000 ,.9 . However technological factors that effectively drive the positive results of globalization can negatively affect the social aspect in the auberge Organizational accountability to the common good is much suppressed since the social structures are being disrupted callable to the need to exchange for material development .

This often results to subversion of authorities or unethical access to wealth (Fort Schipani , 2002 . every(prenominal) organization is called to ethical responsibility to protect nature and society while they pursue their own interests and objectivesTavis (2002 ) believes that the global trends of the twenty-first ampere-second is the global integration of markets , a new wave of country , and the evolving transfer of regulatory control from the nation-state to global governance networks . Studies on democracy and ethical responsibility assess the relationship among an organization s social and financial functions . Companies must , therefore , be responsible in effectively managing business processes as advantageously as human resources and deal with political and social issues that customers may appreciate their products or services batter (Chamberlain 1973 ,. 28 Karake-Shalhoub 1999 ,.3 nirvana , et . al , 2006 ,.733 . Some companies like Enron Corp . and Global crosswalk , have failed to address the concept of ethics and engaged in financial scandals that made their reputation tarnished . On the other contribute , FedEx , Dell Computer Corp , Southwest Airlines , Microchip applied science , and National Geographic Society have been focusing on...If you ask to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper