Technology Changes for Business and Ethics Essay

Tags: business technology globalization ethics stakeholders bribery environmental sustainability corruption supply chain management

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Total Length: 649 words ( 2 double-spaced pages)

Total Sources: 3

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Unit 1 Discussion

Technology has contributed to the spread of globalization in many ways. First, technology has enabled the more efficient transportation of goods and labor, enabling more robust and reliable supply chains. Second, technology facilitates communication between stakeholders at every level of the supply chain but also within the company and between the company and clients. Third, technology has contributed to the spread of globalization by effectively creating a service industry sector that is not geographically dependent. Technology has allowed companies to outsource services that would have previously never been possible. Finally, technology has facilitated the flow of capital (Stever & Muroyama, 1988).

Unit 2 Discussion

Barto’s top management would want to know about the business environment in Slovenia before reaching an expansion decision. One of the most important things to be aware of is the market and how it is segmented in Slovenia. Then, management would want to learn Slovenia’s regulatory environment, including any legal constraints on its operations. Third, management needs to know if there are any pre-existing supply chains it can capitalize on for cost reductions (Evans, 2015). Fourth, it would be important to understand the culture to know how to best structure the Slovenian office.

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Unit 3 Discussion

I would most certainly be concerned about the payments, which essentially constitute bribery and corruption under the U.S. Foreign Corrupt Practices Act (United States Department of Justice, 2018). I would be worried about any legal ramifications, which would damage the reputation of our firm. Also, our firm is committed to ethics and needs to retain the confidence of its stakeholders and shareholders. Even when bribery is common practice in a place where we have business relationships, it is still not appropriate for us to engage in those practices. There are many ethical approaches to corruption, and the one that underlies legislation prohibiting payments to government officials is nonconsequentialism because the law states that it is categorically wrong to perpetuate corruption in business. My response would be to hold a meeting immediately and have in place a clear protocol for overcoming this type of obstacle next time.

Unit 4 Discussion

The issue with the ten year-old boy is an ethical dilemma. There is no clear-cut answer, making it a challenging issue to resolve simply. On the one hand, the local manager is right—the boy is likely better off in his employ….....

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References

Evans, M. (2015). 10 key steps to expanding your business globally. Forbes. https://www.forbes.com/sites/allbusiness/2015/03/04/10-key-steps-to-expanding-your-business-globally/#5e56026d3803

Stever, H.G. & Muroyama, J. (1988). Globalization of Technology: International Perspectives. https://www.nap.edu/read/1101/chapter/2

United States Department of Justice (2018). Foreign corrupt practices act. https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act

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