MGMT 3000 Chapter Notes - Chapter 1: Cultural Imperialism, Territorial Entity, Westernization
16 Dec 2018
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Ethical theories are the codifications of these rules and principles. Rana plaza building collapse in bangladesh in 2013: 4. Employees face significant pressure to compromise ethical standards: 6. business faces a trust deficit, globally only 18% of the general population trusts business leaders to tell the truth, 19% trust them to make ethical decisions. Shareholders: globalization provides potential for greater profitability, but also greater risks, lack of regulation of global financial markets, leading to additional financial risks and instability. 2: corporations outsource production to developing countries in order to reduce costs in the global marketplace, this provides jobs but also raises the potential for exploitation of employees through poor working conditions. Consumers: global products provide social benefits to consumers across the globe but may also meet protests about cultural imperialism and westernization. Globalization can bring cheaper prices to customers, but vulnerable consumers in developing countries may also face the possibility of exploitation by mncs.
