Cultural and Ethical Dilemmas Within the Colourful Corporation Essay

The aim of this line of reasoning cogitation is to analyse the honourable dilemmas arising from daily origin trading operations, and to determine whether Colourful society was respectable in its closing making, and to provide solutions for the management of future honorable issues. Having an established international base, Colourful Corporation conducts business transactions in both developing and real countries. In doing so, Colourful Corporation is exposed to a wide range of respectable dilemmas which are the number of differing heathen encourages and norms. Segon (2011) proposes variable determinants of gardening including religion, political and economical philosophy, education, language and social structure. various cultural values and norms account for opposing perspectives regarding what constitutes ethical doings. The complexities in this ever-evolving business environment beat brought attention towards incarnate business ethics as research has found that business ethics is closely linked to an transcriptions well-being (Svensson & Wood 2011, p.21). This has highlighted the importance of ethics education for employees of the ships corporation as education provide lead to the development of ethical practices among individuals in the company as well as the hatful as a whole. Furthermore, according to pitchers mound (2011), pressure from senior management to meet unrealistic performance goals idler be an incentive for employees to take over in unethical practices.It is concluded thatbusiness operations continue to be conducted in both developed and undeveloped countries, where ethical issues may arise as a solvent of differing culture views, consideration must be given the Corporation must act ethic anyy when dealings in its global business operations the risk of undertaking unethical activities as a exit of unrealistic performance expectations increases a program should be adopted to support local communities where it is cond ucting business operations in order to fulfil its ethical and moral responsibility in line with Corporate tender Responsibility (CSR) a need to provide education and training to its employees on collective business ethics in order to promote a strong corporate ethical culture and the senior administrator made the class ending, 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 potenti solelyy prevent sympathetic tragedies occurring as a resoluteness of Colourful Corporations actions. *It is recommended that Colourful Corporationadopt the globular Reporting Initiative (GRI) framework ,which is the most widely used reporting framework for performance on human rights, labour, environmental, anti-corruption, and other corporate citizenship issues encourage the needs of ethical behaviour within and by the corporation to the employees contribute to charity in the form of providing facilities such as, schools and orphanages for the poor and unfortunate children in the developing countrified update the corporate policy to include ethical considerations required for each business making decision create an ethical culture within the corporation by embracing the commitment to ethical standards and adopt with a reputable company to provide holistic business ethics training program for all levels of employees to increase ethical aesthesia and develop healthy organisational culture.Introduction The Colourful Corporation has established a foreign 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 go down protocol and company policies are being adhered to. A few stratums ago, an executive of the Corporation was visit and noticed that a subsidiary had employed a 1 2 year old girl. This was is in uncompromising opposition to the Corporations own ethical code, and the 12 year old was regenerated. Tragically, the 12 year old and her younger brother both died in their desperation to find food and survive. This tragic fiction found its way to the CEO of the Colourful Corporation, instigating the development of this business report. This report will evaluate whether the correct initial action was taken, and if a similar action would have been taken should the final 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 According to Segon (2011), values and norms are core determinants of culture. These nor ms and value systems are affected 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 accustomed to. Whilst different perspectives arise from varying cultural systems and bring motley 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 crucial to consider the potential ethical issues surrounding these decisions. Its vital the Corporatio n maintains ethical business practices in line with Australian standards. The visiting executive has acted in accordance with appropriate payable care by their avoidance to use child labour in the procurement of producing goods and services. EthicsThe ethics dilemma presented, personal and business, must be afforded due consideration. Business ethics are not part from personal ethics, which are generally accepted principles of right or wrong governing 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 business people 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 impact that the decision may have on the community and its people. Figure 2 (Hill, 2011, pp.141) provides a number of generalisations, highlighting the complexity of ethical dilemmas, and that no one answer can truly be considered correct. However, consideration of each component will support to meliorate ethical behaviour.As stated within the Californian Management Review (1999), there is differing advice from many academic sources. However, an important fundamental of ethics worth considering comes from the 10 Guidelines for national corporations postulated by DeGeorge (1993), with the 2nd signpost stipulating that every company must produce more good than harm for the host country (DeGeorge, 1993). phantasmagoric Performance ExpectationsThe pressure from senior executives of the parent company to meet unrealistic performance goals that can scarce be attained by acting in an unethical manner (Hill et al 2011) is a ingredient that will result in unethical behaviour. There is a high probability that the local four-in-hand 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, replacing the under-aged girl, even though it may have break 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 Way. 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 paradigm shift towards corporate business ethics. Conse quently, ethics education in corporations is of significance because the lack of expectancy 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 ordinate individual business ethics with the corporation business ethic.The following may be achieved by agreeable with a reputable company-endorsed should be engaged to provide holistic ethical training program for all levels of employees within the corporation (Morris & Wood 2011, p.275). The author further emphasise that ethics training is able to enlighten ethical practices and behaviour within employees of the company by introducing critical awareness for moral 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, also known as corporate social responsibilities, refer to a concept 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 touch the lives of young people are varied and complex. Researchers have also argued that the issue of child labour is litigious not only because many children work illegally , but also because their work concurrently involves interdependent realities of survival, participation, debauch and exploitation (Abebe & Bessell, 2011). Furthermore, Brekke and Nyborg (2005) stated that corporations with low social responsibility profile could be driven out of business. Therefore, it is important for corporation to consider moral obligations as a part of corporate policy.