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16 Cards in this Set
- Front
- Back
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Pros of globalization |
Lower prices for goods, greater economic growth, higher consumer income, more jobs |
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Cons of globalization |
Job losses, environmental degradation, cultural imperialism of global media and MNEs |
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Righteous moralist |
A multinationals home country standards of ethics should be followed in foreign countries |
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Ethical issues faced by international businesses |
Employment practices, human rights, environmental regulations, corruption, moral obligation of multinational companies. |
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Deregulation |
Removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate. |
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Privatization |
Transfers the ownership of state property into the hands of private investors. |
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Determinants of culture |
Religion, language, education, social structure, political and economic philosophies. |
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Four dimensions of culture |
Masculinity, individualism, power distance, uncertainty. |
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Implications of cultural differences for international businesses |
Cross cultural literacy to appreciate cultural differences and what they mean for business, connection between culture and competitive advantages, culture and ethics |
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Ways to ensure ethical issues are considered in business decisions |
Ethical employees, ethical leadership, organizational culture, moral courage, decision making processes, code of ethics, ethics officers. |
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How can managers make ethical decisions |
Ask: does this decision fall within accepted values
How would I feel if this decision was made public to stake holders
What would family/friends/colleauges think
Audit and review decisions, think with moral intent |
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Costs of a market |
Corruption, lack of infrastructure, legal fees |
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Political risks of a market |
Social unrest, anti business trends |
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Economic risks of a market |
Economic mismanagement |
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Legal |
Failure to safeguard property rights |
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Indicators of evonomic development |
Gross national income, purchasing power parity, human development jndex |
