Journal

globalization : Its Implications and Relation to Ethical ResponsibilityThe world market has structured into one spheric economy and has brought free trades , tougher competition , internalisation , political systems , and sophisticated engineering that aimed at rapid growing and development (OXFAM , 2000 Ernst Ozawa , 2002 . Although globoseisation can create a fountain of empowerment , it also creates a sense of disempowerment and negative implications in the world economy (Su , E . 2000 Konadu-Agyemang , 2001 Fort Schipani , 2002 ,. 403 Dutfield , 2004 Business leading and s commandholders of transnational corporations (TNCs primarily benefit from globalization it (Nuruzzaman , 2005 ) magical spell they take service of the human and natural resources of most developing countries (Agarwal , 1998 ,. 198 . imputable to the need to cope with the changing demands of globalization , work organizations atomic number 18 face with the dilemma of doing the expert thing . It seems that it is inevitable to arrogate low-cost production schema in to achieve utmost profitability . Thus , colossal companies are tempted to use dexterous workers from poorer countries as means to and pole to be able to get together competitive advantage over former(a) players whose objective is to economically advance another(prenominal) countries worldwide . However , this journal argues that it is wrong for corporations to employ workers in foreign countries under difficult operative conditions , for wages that or so people con statusr exploitativeGlobalization can all create disempowerment or empowerment (Fort and Schipani 2002 . On the positive side , globalization may contribute to economic productivity in different countries . Kofi Annan observes that the benefits of globalization are plain to see : scurr ying economic evolution , higher living sta! ndards , accelerated excogitation and diffusion of technology , and management skills , impudent economic opportunities for individuals and countries also (Annan 2000 ,.9 . However expert factors that effectively drive the positive results of globalization can negatively affect the societal aspect in the auberge Organizational responsibility to the common good is much suppressed since the social structures are being disrupted callable to the need to exchange for substantive development .

This often results to subversion of authorities or wrong access to wealth (Fort Schipani , 2002 . every(prenominal) or ganization is called to ethical responsibility to encourage nature and society while they pursue their own interests and objectivesTavis (2002 ) believes that the global trends of the twenty-first ampere-second is the global integration of markets , a new wave of country , and the evolving transfer of regulatory control from the nation-state to global governance networks . Studies on democracy and ethical responsibility treasure the relationship among an organization s social and financial functions . Companies must , and so , be responsible in effectively managing business processes as advantageously as human resources and deal with political and social issues that customers may appreciate their products or services batter (Chamberlain 1973 ,. 28 Karake-Shalhoub 1999 ,.3 nirvana , et . al , 2006 ,.733 . Some companies like Enron Corp . and Global crosswalk , feed failed to address the concept of ethics and pursue in financial scandals that made their reputation tarnishe d . On the other contribute , FedEx , Dell Computer ! Corp , Southwest Airlines , buffalo chip applied science , and National Geographic Society have been focusing on...If you ask to get a full essay, ordination it on our website: OrderCustomPaper.com

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