10 minute final project presentation

Global Ethics and the Golden Rule Understanding the International Business Environment in the 21st Century Diversity Management in the International Organization - A Case Study Globalization or the integration of world markets entail that international businesses must manage diversity

Four Seasons hotel is one of the world 's largest hotels and resort companies . Its Company Values explain diversity management thus : We celebrate the diversity of people , ideas and cultures . We honor the dignity and value of individuals working as a team

Diversity management involves acceptance of differences respect and tolerance for people representing all cultures

and from varied backgrounds and the achievement of organizational goals by making the best of diversity , e .g . by gathering novel ideas from employees of different nationalities The Golden Rule The Ethics of Globalization International businesses are not only required to respect the ethnicities of their employees , but they must also learn to effectively interact with customers of diverse cultures

Ethical behavior on the part of international organizations is crucial to their success in the global market . Thus , standardized codes of ethics have been introduced for the corporate world

International businesses are required to maintain relationships based on universal ethical principles , that is , trust , honesty , responsibility , and integrity . Relationships that are founded on ethical principles with business partners , governments , customers , employees , and other stakeholders are expected to go a long way in helping the international business succeed Corporate Social Responsibility Corporate social responsibility is the duty of an international organization to conduct its business in a manner that respects the rights of individuals and promotes human welfare

As an example of corporate social responsibility , an international organization must respect the legal environment of the country that it enters for business . The organization must seek to maximize rather than reduce the welfare of the citizens of the nation that it enters , e .g . by controlling pollution or harmful emissions from its factories

According to this principle , international businesses must do unto their new business environments as they would have the environments do unto them Conclusion The management of diversity is essential in international organizations , which must also show utmost respect for the cultures of their customers

The Golden Rule must be kept in mind

Ethics and corporate social responsibility go together . Ethical behavior must be maintained by international organizations in all relationships at all costs

Furthermore , sound systems of corporate governance are conducive to success in the field of international business . After all , it is easy for poor governance policies to translate into unethical business practices Ausgewogen...