Does Globalisation Encourage Or Discourage The Pursuit Of Good Ethics As The Foundation Of Good Business?

Question 1

Good ethics as the foundation of good business includes the concept that a strong ? foundation to a business will improve business success, since customers prefer to buy from businesses that ‘do the right thing’ rather than act ?

Answer 1

Ethical.

Unethically.

Question 2

Transnational ? central to globalisation seem to have embraced this concept:

• General Electric’s ? statement includes the desire: ‘to build, move, power and cure the world’.
• Wal-Mart: ‘We save people ? so they can live better’.

Answer 2

Corporations.
Mission.
Money.

Question 3

After a century of political struggle, workers in the West succeeded in compelling businesses to accept the necessity of minimum levels of pay, ? limits on working hours, legal requirements on ? conditions and on health and safety standards, and structures to ensure all those ? were kept to.

Answer 3

Legal.
Working.
Standards.

Question 4

Globalisation seems to have allowed ? businesses to return to a 19th Century view of business ?

Answer 4

Western.

Practice.

Question 5

The same ? that Charles Dickens railed at in the novels like ‘Hard ?’ is the favourite ethic of ? business.

Answer 5

Utilitarianism.
Times.
Globalised.

Question 6

Some transnational corporations have made sincere efforts to live up to their ? statements. Microsoft has donated well over $1 billion to charity since ?

Answer 6

Mission.

1983.

Question 7

Transnational corporations, like ? businesses, bring the ethical values of their own ?, and have to deal with the ethical demands of ? society.

Answer 7

Asian.
Cultures.
Western.

Question 8

As societies demand more corporate ? responsibility from transnational ?, perhaps good ethics will become good global ?

Answer 8

Social.
Corporations.
Business.