Business Ethics and the Global Dimensions of Business Essay

Business Ethics and the Global Dimensions of Business This inclusive analysis was developed after an initial consultation with the C.E.O. of XYZ Construction, Inc. where the implications of expanding the construction company into Asia were discussed. The issues to be examined are the varied aspects of implementing a global business expansion. Time wise there is market potential for this opportune endeavor. However there are potential difficulties and risk that need to be considered before an international expansion is implemented. Moving from an exclusively domestic market into a global market within a horizontal construction operation can be perilous if not thoroughly strategized and prepared for carefully. Furthermore the ethical and†¦show more content†¦(Management eBook, 2010, p. 204) Relating opportunities to resources is a key strategy for businesses to consider. (Andrews, 1987, p. 35) Using human and material resources wisely benefits global business and due to less stringent regulations and lower wages companies seek g lobal opportunities to reduce cost. (Management eBook, 2010) Low interest rates have benefitted emerging economies. (Lee, 2006) Chief Executive Alistair Cox told Reuters in an interview that while consumers, global companies and employees seemed paralyzed by uncertainty over the world economy, they had since begun to adapt to tougher conditions and started hiring and changing jobs. He was particularly encouraged by a strong start to 2012 for Asia-Pacific, where two of its top five markets are located. Cox states, I would expect very strong double-digit growth across our Asia business in this calendar year because all the fundamentals are there†. (Janowski, 2012, p. 1) Michael Klein of Citigroup, states, â€Å"Emerging economies are using financial surpluses to attract sustainable economic activity. If growth in developing countries continues to outpace that of the developed countries the face of developmental finance will change†. (Lee, 2006, p. 99) Considering the evidence presented, not only will international developmental finance change but the dynamics behind the entire global initiative, approach and expansions will change how companies strategizeShow MoreRelatedBusiness Ethics and the Global Dimension of Business Essay2544 Words   |  11 PagesBusiness Ethics And The Global Dimension of Business Abstract Now that we have established a strategic business plan for Marketing, Operations and Human Resource Management for ABC Complete Kitchens, Inc, we must now establish an ethically and socially responsible business climate for our new plant. Another topic we must turn on our focus on is our presence in the global market. 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