Ethical and Social Concerns in Global Business - 2644 Words

Name: Course: Tutor: Date: QUESTION: Critically examine the ethical and social concerns in global business and their relevance in the Kenyan economic situation. Introduction Ethics are defined as the process of distinguishing the right and good from the wrong and bad and they call for a moral responsibility to pursue the good and right. Business ethics are concerned with the good or right and the bad or wrong behavior in the business organization context. Social responsibility on the other hand goes hand in hand with business ethics. It advocates that a business should act more responsibly beyond the pure profit or economic motive. The expectations of both ethical conduct and socially responsible conduct can vary in†¦show more content†¦3) Illegal/immoral activities in the host country; practices such as pollution of the environment, the maintenance of unsafe working conditions, the violation of intellectual rights laws in product/technology copying where the protection of patents, trademarks and copyrights is at stake. This has in particular affected to a degree the Kenyan music industry where pirating is rampant. 4) Involvement in politi cal affairs; where political personnel get actively engaged in a country’s normal marketing operations and engage in unjust practices such as illegal technology transfers. The Kenyan government has recently handled claims where top political officers are reported to have liaised with other governments to defraud the state. These include the sale of maize to Sudan and the purchase of government land at china. 5) Questionable commissions paid to channel members; where unreasonably high commissions are paid to sales agents, middlemen, consultants and import officials as fees, there is a reason to raise eyebrows. This is an unethical practice that is present especially in the less developed and developing countries. In Kenya, import officers are known as perpetrators to this menace. 6) Dumping; I since considered dumping as an unethical practice of its own since it is present in Kenya. Dumping is where substandard products are sold cheaply to a country where the use of the produc t in the manufacturing country is outlawed, usedShow MoreRelatedEthical and Social Concerns in Global Business2654 Words   |  11 Pagesexamine the ethical and social concerns in global business and their relevance in the Kenyan economic situation. Introduction Ethics are defined as the process of distinguishing the right and good from the wrong and bad and they call for a moral responsibility to pursue the good and right. Business ethics are concerned with the good or right and the bad or wrong behavior in the business organization context. Social responsibility on the other hand goes hand in hand with business ethics. ItRead MoreThe Critical Implications Of Climate Change For Business1034 Words   |  5 PagesWhat are the critical implications of climate change for business? A business plays a heavy and critical role in the contribution to global climate change. Suzanne Goldberg (2013) reports that only 90 companies worldwide caused two-thirds of the man-made global warming emissions. Oil, coal and gas companies are the major players in the global climate change crisis of the 21st century (Goldberg 2013). 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