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Presentation By:

Surinder Pal Singh

IMPACT OF GLOBALISATION

TOWARDS ETHICAL

BUSINESS FOCUS

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Introduction..In the face of worsening social and

environmental problems in every part of the

world, the question of ethics & socialresponsibility in business has been gaining

prominence.

The companies are expected to assume their

portion of social responsibility and conduct

their businesses in an ethical manner.

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Objective Of This Paper To analyze the implications of the

globalisation process on ethical

responsibilities of businesses.

What is Globalisation?

What is Business Ethics? What is the impact of Globalisation on

Business Ethics?

What are the challenges imposed by

Globalisation on Business Ethics?

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What Is Globalisation ?

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Question: What is the truest definition of Globalization?

Answer: Princess Diana's death.

Question: How come?

Answer: An English princess with an Egyptian boyfriend

crashes in a French tunnel, driving a German car with aDutch engine, driven by a Belgian who was drunk onScottish whiskey, followed closely by Italian Paparazzi,on Japanese motorcycles, treated by an Americandoctor, using Brazilian medicines! And this is sent toyou by an American, using Bill Gates' technology Which

he enjoyed stealing from the Japanese. And you areprobably reading this on one of the IBM clones that useTaiwanese-made chips, and Korean-made monitors,assembled by Bangladeshi workers in a Singapore plant,transported by lorries driven by Indians, hijacked byIndonesians, unloaded by Sicilian longshoremen,trucked by Mexican illegal aliens, and finally sold to you.

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The generalized expansion of

international economic activity which

includes increased international trade,

growth of international investment

(foreign investment) and international

migration, and increased creation oftechnology among countries.

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In the business world, globalisation affects:

the productive process the relationship of companies with the market

and the society

the labour relations

the internal operation of organisations

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What Is Ethics ?

Moral principles and standards

that guide the conduct of firms

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What Is The Impact Of

Globalisation On Business

Ethics ?

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The main impact of globalisation on business ethicsis the reinforcement of culturaldifferences/diversity.

Cultural diversity imposes a challenge onorganisations to deal with different ethical andmoral standards around the world.

This means that should companies adopt thestandards of the country with which they aredoing business or should they remain faithful tothe standards of their own country?

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How can an ethical attitude beadhered to, which, at the same time,sustains the values of theorganisation, respects the values of

each society within which thecompany establishes businessrelations and furnishes a coherent

global activity?

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In order to reach such coherence, global companies

need to seek a kind of ethics that is also global.

SA8000: Focuses on Human Rights & Rights ofChildren

AA1000: Focuses on linking social & ethical issues tostrategic management and operations of theorganisation

Although the above mentioned norms can serve as a

basis for company conduct, but they are notenough.

Companies need to develop its own norms, applicableto its own particular case.

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