Professional Documents
Culture Documents
Multinational Corporate
Global Business
Contd..
Globalization process has several components:
and internet The development of international trade organizations such as world trade organization.
resources of LDC(less developed counties) without making investments that would advance the economic development.
equipments to protect from serious hazards(right to physical security) Welfare Justice Wages and working conditions
Caux Principles Business Ethics Resources Centers Ethics Officers and Ombudsmen.
Fair dealing
Plagiarism
Confucianism, Buddhism and Shintoism. Human equality is one of the important facets Profession or duty is regarded as sort of religious calling. Work is regarded as means of self actualization and hard working people are respected.
Fairness
Harmony and Cooperation Courtesy and humility Adjustment and assimilation Struggle for improvement Gratitude National service through industries
them strictly Prayer time must be observed Saying no is not considered as good etiquette Loyalty to the religion , authorities and culture and tradition Consistency in behavioral pattern Predictability Bribery is permitted Nepotism is not unethical
Survive competition
Absence of strong and ethical corporate policy Absence of ethical leadership
Area
Enviornment
Ethical Initiatives
Adopted energy conservation measurers Launched lighting efficiency program Started program for recycling of materials
Coca-Cola
Philanthropy
Launched program called Education on Wheels Started American Indian College Education Fund
Health Marketing
Corporation Nike
Ethical Initiatives Adopted ethical code of conduct Launched innovative products Created ethics office headed by ethics director Launched program for zero wastage of resources Adopted recycling of materials Strictly compliance with the laws of all countries High degree of disclosure and transparency Management trustee for shareholders not for owners
Enviornment
Ethical Initiatives Created committees for compensation and audit Created office of independent directors Launched equity compensation plans
Code of ethics
Based on respect for human rights Stresses integrity and fairness in business Focuses on ethical personal conduct
Communication
Launched internal hotline system Education of employees about code of ethics Adopted a 3-tier crisis handling mechanism