Economics Homework Help
Nova Southeastern University Codes of Conduct for Business Operations Responses
1-Beliefs are things we were taught or grew up believing in. Ethics just like beliefs work the same way. “Business ethics and having social responsibility in the multinational corporations(MNCs) are more and more challenging, as they operate the culturally varied environments, which may vary from the host-to-host country of each foreign subsidiary and often very different from home culture(Godiwalla, 2012).” This can be a tricky topic as there isn’t a wrong or right answer. If you lower your ethics for a business or a deal it could be for a good cause. This is called negotiation. If you can meet in the middle, then it’s a win for both sides. However, some people may find it a weakness when you let someone lower your standards.
A business owner has to think about his company and the goals they are trying to achieve. When you start your business plan you write down your goals and your ethics. So, I agree with Professor Sullivan when he says MNC have to maintain a standard code, and they need to stick by it whether it goes or go against what a country may believe in. We have to remember that each country just like the United States works differently. If we start changing things for one person then you will have to do it for everybody. Let take Chick-fil-A for example, they are closed on Sunday. Chick-fil-A has ethics, and they believe to have their restaurant closed on Sunday. The owner knows they are losing a lot of money by being closed on Sunday; however, he is sticking to their ethics. Sometimes it’s better to stick to your ethics than trying to make a dollar.
Resources
Godiwalla, Y. H. (2012). Business Ethics and Social Responsibility for the Multinational Corporation (MNC). https://doi.org/http://citeseerx.ist.psu.edu/viewd…
2-Class,
Research by Pirozek and Darsilova ( 2013) found in the European market, companies that were purchased by multinational groups as operating companies with their own history, culture and traditions or companies with an exclusively local sphere of action adhered to their existing ethical standards. However, this adherence to local culture etc. was usually not sufficient for larger multinational corporations operating in a diverse environment. The MNEs frequently used the approach of applying uniform codes, particularly the Code of Ethics, in which elementary rules of employee behavior in the workplace, for staff as well as for business partners are anchored.
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3-Hello, very good evening Professor and classmates,
The U.S.-based MNC should maintain its standard code of ethics that applies to any country, even if it holds a disadvantage in a foreign country that allows activities that might be viewed as unethical as being an easier route. In this way, the MNC’s establishes more trustworthy credibility worldwide. The MNC is regarded as having an integral system allocated and instilled in their organizations worldwide. If that required trust in which MNC is known for breaks, the whole system will crumble alongside it. The Multinational Corporations and the governance effectiveness will be the resounding way to levitate the expectations that will be viewed around the world about MNC’s and their moral values, which are always looked upon as effectiveness excellence (Clark, & Brown, 2015).
Some economic crises resound in the MNC’s when they are regarded for the shift’s productions considered for their subsidiary in response to the economic crisis. Having a strong code of conduct that applies to the host country and to the other countries themselves regulates the aura of a stable and strong foundation for the code of ethics that applies to any country. Even if it holds a disadvantage in a foreign country that allows activities that might be viewed as unethical, in this way, countries all over can receive more credibility worldwide (Shin, & Lee, 2019). In an economic crisis, the MNC’s should show their strong will of character and not be convinced to commit unethical decisions or acts. This strong willpower will be an example for the rest of the world to follow and MNC’s alike to outwardly and inwardly portray.
Another method in which insourcing and foreign input production affect the domestic output in various sequences relates to and constitutes the buying from unaffiliated firms or insourcing foreign presentation. The third article suggested that this decision directly affects domestic production because international insourcing affects the operational flexibility and the firms’ opportunities for accessing knowledge and capabilities developed abroad. Empirical results based on firm-level data of Swiss firms confirm this hypothesis. Having the ethics and moral code of conduct values instilled in these MNC’s countries worldwide will respect and honor business conducted by them, in this case being the Swiss Countries’ firms (Arvanitis, Bollie, et al., 2017).
References
Arvanitis, S., Bolli, T., & Stucki, T. (2017). In or Out: How Insourcing Foreign Input Production Affects Domestic Production. Management International Review, 57(6), 879-907. http://dx.doi.org/10.1007/s11575-017-0322-2
Clark, C., & Brown, J. A. (2015). Multinational Corporations and Governance Effectiveness: Toward a More Integrative Board: JBE. Journal of Business Ethics, 132(3), 565-577. http://dx.doi.org/10.1007/s10551-014-2358-
Shin, H., & Lee, S. (2019). Economic crisis, intra-MNC production shifts and MNC performance from a network perspective: APJM. Asia Pacific Journal of Management, 36(1), 185-217. http://dx.doi.org/10.1007/s10490-018-9565-0
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