Professional Documents
Culture Documents
Environmental Changes
Technological ( piracy, outsoucing) Legal (ban on plastics, sin taxes) Economic (cheap labor) Social (diverse workforce, expatriation) Political (government processes)
Change is ushered by
Scandals Globalization Deregulation Mergers Technology Global terrorism
Point is
This changes accelarates the uncertainty in which stakeholders make business and moral decisions E.g enron scandals affected investor confidence Anti trust software policies outsourcing
Economic environment
Global business context as far as trade, markets and resource flows are concerned Product and business expansion over seas Stock and bond interdependencies accross borders
Technologically
Outsourcing Technology is changing company best practices Online economies and supply chains Online privacy
Politically
Emergence of china as an economic power Cheap labor vs human trafficking Cheap goods for questionble processes China s regulations in athletes development
Regulatory laws
Food and drugs, fast tracks drugs for life threatening deseases but slow to remove unsafe drugs in the market
Legal
Cybercrimes Law enforcement Legal partiality
demographically
Sexuall harrasment Diversity Age, gender, ethnicity an the like
The key is to articulate a collabortive win win strategy based on: 1. Identifying the prioritizing issues, threats and opportunities 2. Mapping who the stakeholders are 3. Identifying their stakes, interest and power sources
4. Whowing who the members of coalitions are or may become 5. Showing what each stakeholder s ethics are 6. Develop collaborative strategies and dialogue from a higher ground perspective to move plans and interactions to the desired closure for all parties
Business Ethics
Accdg to Laura Nash The study of how personal moral norms apply to activities and goals of commercial enterprise. Not a moral standard, unique problems for the moral person as an agenf of this system.
Business Ethics
Three basic managerial decision making 1. Choices of what the law should be whether to follow them 2. Choices about economic and social issues outiside the domain of law 3. Choices about the priority between company s interest and personal interest