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1.1.Describe the basic principles of ethical philosophy as they relate to business ethics.200 words 2. 2.The gradual demise of communism has become obvious within the past two decades. Write a brief...

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1.1.Describe the basic principles of ethical philosophy as they relate to business ethics.200 words

2. 2.The gradual demise of communism has become obvious within the past two decades. Write a brief summary of the implications of transitions to capitalism that formerly communist countries may be experiencing. What kinds of socio-economic challenges do you think multinationals face in those countries? Your response should be at least 200 words in length.

3.3.When should you use ethical relativism, and when should you use ethical universalism? What are problems of each? As a multinational manager, what should you do to eliminate or reduce the problems? Your response should be at least 200 words in length.

4.4.What factors do you think are responsible for Africa’s slow economic development? What can the multinationals do to help? Your response should be at least 200 words in length.

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Answered Same Day Jul 06, 2020

Solution

M answered on Jul 11 2020
138 Votes
ETHICAL MANAGEMENT 3
Ethical Management in Multinational Companies
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Answer 1
    Ethical philosophy may be classified into two approaches; traditional approach and a contemporary approach. The former inclines to the type of ethics which focuses on the consequences and utilitarianism approach, while the latter speaks of moral languages. Determined by six ethical languages such as virtue and vice, self-control, maximizing human welfare, avoiding harm, rights and duties, and social contract, a company's business is determined by the country's response to these languages. Thus cultural norms, and values of a country, its social institutions and legal conformity effect the ethical philosophy of a business.
While economic and legal philosophy focuses on company’s goals and tends to the parent or hosting country
egion respectively, the ethical philosophy goes beyond what these requirements to the point where the right thing to do when dealing with another human being becomes the focus. Business ethics includes all these philosophies clu
ed together, because leaving one, and adopting another completely cannot thrive the management of the company. All these co-exist; the company's goals in relation to the requirements, culture, values and norms of the hosting country, and comparing these to the way a human being should be treated. As organizations translate ethics into the form of codes and conduct and principles operational, they must incorporate the personal as well as corporate accountability with giving and governance of corporate (Velentzas, 2010).
Answer 2
Communism has been taken over by capitalism with the impact that has
ought about by globalization. Advancement in technologies and trade expanded the relationships and interaction of countries unlike before. The scope of political and economic affairs are performed at a global level....
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