Social responsibility and Ethics in International Business...

Global awareness Global awareness has become an essential proficiency in international business. In order to become globally aware, the managers of firms must be accepting of cultural differences, understand the culture, have an understanding of global economics and recognize the political trends (Cateora, Gilly, Graham, 2013). A majority of problems chanced upon are the outcome of the oddness of the surroundings the organization will be operating in the host country. Additionally, as described by Gupta and Govindarajan, â€Å"the success of companies in exploiting emerging opportunities and tackling their accompanying challenges relies heavily on how deeply they understand the dynamics of their operating environment† (as cited by Abebe,†¦show more content†¦Remanufacturing is one of the processes that Caterpillar utilizes to create sustainability throughout the world. Remanufacturing avoids waste through its salvage of materials and the associated resource savin gs. Nike, Inc. The objective of this paper is to study the social responsibilities and ethics that Nike, Inc. has produced over the last few years. As business become international, there are apprehensions on ethics and social responsibilities directed by managers and the organizations they operate (Griffin Pustay, 2010). Nike is a seller of athletic footwear and athletic apparel globally. The corporation sells its products to retail accounts, through Nike owned retail stores and internet sales, in addition to a combination of self-governing distributors and licensees in 190 countries across the globe (â€Å"Nike, Inc., Company information,† 2014). Nike and the straw men approach Ethical decision making is an imperative that managers must view. Ethical decision making has an effect on the brand of the company. Once that brand is tarnished by unethical decisions based on managers, the organization will have a hard time with their consumers wanting their products. This was the case with Nike. Although Nike does not own any facilities overseas, their supplier’s managers abroad did not follow the Friedman doctrine. The FriedmanShow MoreRelatedImportance of Ethics in International Business1541 Words   |  7 PagesImportance of Ethics in International Business Executive Summary Ethics in the business world is important and global. Ethics  indicate what is right and what is wrong in  business branches and also lead employees and stakeholders with moral values. Due to the globalization of markets and production processes, business people have to deal with ethical issues in cross-cultural settings at an increasing number. The purpose of this paper is to explain the importance of international business, emphasiseRead MoreEthics in International Environments Essays1348 Words   |  6 PagesEthics in International Environments Introduction Global marketing opportunities usually form the pillar under which viability and profitability of international marketing depend upon. 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