Cultural and Ethical Dilemmas Within the Colourful Corporation Essay

The aim of this business fix report is to analyse the honourable dilemmas arising from daily business trading operations, and to determine whether sporty plenty was honest in its finality making, and to provide solutions for the bedment of future honest issues. Having an established planetary base, flashy Corporation conducts business transactions in both exploitation and genuine countries. In doing so, braw Corporation is exposed to a commodious range of ethical dilemmas which are the consequent of differing ethnic values and norms. Segon (2011) proposes variable star determinants of civilization including religion, political and sparing philosophy, education, language and social structure. incompatible cultural values and norms account for opposing perspectives regarding what constitutes ethical demeanor. The complexities in this ever-evolving business environment bear brought attention towards in bodily business ethics as investigate has assemble that business ethics is closely linked to an organisations advantageously-being (Svensson & Wood 2011, p.21). This has lastlighted the importance of ethics education for employees of the participation as education will lead to the begetment of ethical practices among individuals in the go with as well as the fellowship as a whole. Furthermore, concord to Hill (2011), pressure from senior management to happen upon surrealistic slaying goals can be an incentive for employees to sop up in unethical practices.It is reason out thatbusiness operations continue to be conducted in both developed and undeveloped countries, where ethical issues whitethorn arise as a result of differing culture views, consideration mustiness be given the Corporation must act ethically when dealing in its global business operations the risk of undertaking unethical activities as a result of unrealistic performance expectations step-ups a program should be adopted to support topical anesthetic commun ities where it is conducting business operations in order to fulfil its ethical and object lesson responsibility in draw off with Corporate Social Responsibility (CSR) a need to provide education and schooling to its employees on corporate business ethics in order to promote a strong corporate ethical culture and the senior executive made the correct close, by following corporate policy. It is the corporate policy that must be alter to include ethical considerations, assisting future business decision making processes. Subsequently, this may potentially prevent similar tragedies occurring as a result of Colourful Corporations actions. *It is recommended that Colourful Corporationadopt the Global inform Initiative (GRI) example ,which is the most widely used reporting framework for performance on human rights, labour, environmental, anti-corruption, and other corporate citizenship issues encourage the involve of ethical doings inwardly and by the corporation to the employee s contribute to unselfishness in the form of providing facilities such as, schools and orphanages for the poor and unfortunate children in the growth coarse update the corporate policy to include ethical considerations ask for each(prenominal) business making decision create an ethical culture indoors the corporation by embracing the commitment to ethical standards and engage with a reputable gild to provide holistic business ethics training program for all levels of employees to increase ethical sensitivity and develop healthy organisational culture.Introduction The Colourful Corporation has established a outside entity within business operations, one which consists of a foreign subsidiary within a developed nation. Cognisant of good operational management, regular trips are carried out by executives to inspect and ensure that correct protocol and corporation policies are being adhered to. A few course of instructions ago, an executive of the Corporation was visiting and noticed that a subsidiary had employed a 12 year old girl. This was is in strict opposition to the Corporations own ethical code, and the 12 year old was replaced. Tragically, the 12 year old and her younger brother both died in their desperation to reveal food and survive. This tragic story found its way to the CEO of the Colourful Corporation, instigating the development of this business report. This report will evaluate whether the correct sign action was taken, and if a similar action would fetch been taken should the last-place story be known to the Corporation. There have been no limitations presented within this report.Aim of report The aim of this business report is to analyse the ethical dilemmas arising from daily business operations, and to determine whether Colourful Corporation was ethical in its decision making, whilst providing solutions for the future management of ethical issues.Issues Cultural Value and Norms fit in to Segon (2011), values and norms are core determinants of culture. These norms and value systems are involveed by many variables, including religion, political philosophy, economic philosophy, education, language and social structure (Figure 1). Different variables can account for the perspectives and views across diverse cultural communities. Ethical issues and dilemmas may arise from business decisions depending on what the value and norms the organization is operating in, and habituated to. Whilst different perspectives arise from varying cultural systems and bring diversity in the economic environment, the occurrence of ethical issues arising from business operations must be considered.As proposed by Park & Voigt (2008), it is suggested that values and norms have both a direct and indirect impact on economic development. While a certain culture may impose certain working standards and conditions upon its workers in conducting its business operations, its important to consider the potential ethical issues touch these decisions. Its vital the Corporation maintains ethical business practices in line with Australian standards. The visiting executive has acted in accordance with appropriate repayable care by their avoidance to use child labour in the procurement of producing goods and services. EthicsThe ethics dilemma presented, in the flesh(predicate) and business, must be afforded due consideration. Business ethics are not divorced from personal ethics, which are generally accepted principles of right or wrong governance the conduct of individuals (Hill, 2011, pp.141). Hill (2011, pp.142) states that several studies of unethical behaviour in a business setting have concluded that businesspeople sometimes do not realise they are behaving unethically, primarily because they simply fail to ask, Is this decision or action ethical?(Messick & Bazerman,1996). A process must be developed within the Colourful Corporations corporate policies, ensuring that each business decision considers the ethical im pact that the decision may have on the community and its people. Figure 2 (Hill, 2011, pp.141) provides a number of generalisations, bring out the complexity of ethical dilemmas, and that no one answer can in truth be considered correct. However, consideration of each component will help to better ethical behaviour.As stated within the Californian Management study (1999), there is differing advice from many academic sources. However, an important fundamental of ethics deserving considering comes from the 10 Guidelines for national corporations postulated by DeGeorge (1993), with the 2nd guideline stipulating that every caller must produce more good than harm for the host country (DeGeorge, 1993). Unrealistic Performance ExpectationsThe pressure from senior executives of the parent company to meet unrealistic performance goals that can unless be attained by acting in an unethical manner (Hill et al 2011) is a mover that will result in unethical behaviour. There is a high proba bility that the local anesthetic manager will make a decision that could potentially violate their own personal ethics and engage in unethical behaviour. The Colourful Corporations senior executive demanded that the local manager to replace the under-aged girl with an adult. The local manager followed the direction dutifully, replace the under-aged girl, even though it may have violated his own personal ethics. Such unethical behaviour of the senior manager may affect the culture of the corporation as they set an example that other employees follow. Colourful Corporation can motivate and improve ethical behaviour by reinforcing a corporate policy that includes ethical considerations. Hill (2011) referred to how Hewlett-Packard (HP) reinforced ethical values of their employees through what they call the HP charge. The HP Way stresses the need for confidence in and respect for people, open communication and concern for individual employees.Education In recent years, there has been a effigy shift towards corporate business ethics. Consequently, ethics education in corporations is of signification because the lack of anticipation and preparations in practical terms as well as philosophically by corporations may result in the company becoming vulnerable to public scrutiny (Morris & Wood 2011, p.275). This is because research has found that ethical issues have asymmetric relationships across an organisation, suggesting a need to define appropriate corporate policy, and measures with emphasis on the ethical perspective of the companys business operations (Svensson & Wood 2011, p.21). In line with this, employees of the company should therefore be provided information on the companys corporate policies in order to align individual business ethics with the corporation business ethic.The following may be achieved by engaging with a reputable company-endorsed should be engaged to provide holistic ethical training program for all levels of employees within the corpor ation (Morris & Wood 2011, p.275). The author shape up emphasise that ethics training is able to inculcate ethical practices and behaviour within employees of the company by introducing critical awareness for honorable dilemmas. The increase sensitivity among employees has developed a platform for a healthy ethical culture in the company. Hence, it is likely that the company can better manage stakeholders interest, as well as incorporating the idea of socially responsible behaviour in the companys strategic actions (Sisaye 2011, p.277).Moral Obligations Moral obligations, alike known as corporate social responsibilities, refer to a supposition whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis (EU Commission 2002, p.5). The economic and political transformations affecting the lives of young people are varied and complex. Researchers have also argued that the issue of chi ld labour is contentious not only because many children work illegally, but also because their work concurrently involves dependent realities of survival, participation, abuse and exploitation (Abebe & Bessell, 2011). Furthermore, Brekke and Nyborg (2005) stated that corporations with low social responsibility visibility could be driven out of business. Therefore, it is important for corporation to consider moral obligations as a part of corporate policy.