Business Ethics and Values Assignment
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Added on 2019-10-31
Business Ethics and Values Assignment
Added on 2019-10-31
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Cultural Reflective Journal
Table of ContentsIntroduction......................................................................................................................................3Discussion on the cross cultural differences between Australia, India and China..........................4Business Ethics and Cross cultural relations in business.................................................................5Conclusion.......................................................................................................................................9References......................................................................................................................................11
Introduction Ethics and values are extremely important aspects of a successful business. Over the years valuesand principles have repeatedly emerged as important concepts in the business operations. It isimportant to mention that most of the organisations in the global market prioritise ethics andvalues that have been the pillars of their business practice. Values and ethics have been designedto help the business owners to manage business effectively and also make decisions in the bestpossible way. Ethics from the parlance of philosophy could be defined as the difference betweenwhat is right and what is wrong and acting accordingly. In the business operation ethics isimportant since effective ethical decisions makes a business achieve success1 (Wild, John J.,Kenneth L. Wild, and Jerry CY Han: International business 2014). The aspect of ethics mainly involves correct and right business behaviors with the differentstakeholders which would help to achieve the business objectives effectively. Ethical behaviorsand values are important for the organisations and hence it is important to take into account thediscussion of ethics and values through the perspective of the different authors. Values play animportant role in the practice of ethics. The implementation of values is important in order tomake sure that business is practiced ethically and grows ethically. Ethics forms the basic part ofbusiness even in the global business environment but there is difference as stated by authors inthe way ethics is perceived. (Demuijnck, 2015) states that there is a universality in the use ofvalues in international business ethics whereas Chaney and Martin (2014: 66) that the use ofethics or the standards of business ethics are not universal and might differ in different culturalsituation. The present study will take an opportunity to discuss ethics, values and businessmanagement in cross cultural environment. The study will critically and reflectively discussAustralian business relationship with Indian and Chinese business culture. 1Wild, John J., Kenneth L. Wild, and Jerry CY Han.International business. Pearson Education Limited, 2014
Discussion on the cross cultural differences between Australia, India and ChinaIn the last few years the global businesses have significantly and many countries have cometogether to work and exchange trade. When countries come together to exchange trade there arenumber of key aspects the come into play. The very first thing that comes into play is the culturaldiversity that the companies from the different cultural locations to understand cross culturalbusiness. In the wake of globalisation many Australian firms have started operating in India andChina two of the most important markets in Asia. This clearly asks for a strong understanding ofthe cultural setting of the market which would help to make sure effective cross culturalstrategies are developed to do business in cross cultural environment2 (Ferrell, Odies and JohnFraedrich: Business ethics: Ethical decision making & cases 2015).The increase in trade between Australia and India and Australia and China have increasedsignificantly over the last couple of decades or so which clearly makes it important for thewestern organisations to learn the cross cultural differences. The business relationship developswith the understanding of cross cultural aspects which is important to connect with people fromdifferent cultural background. There is a significant difference between these countries chosenfor the essay. Australia is very straightforward when it comes to business. The Australianbusiness culture is a clear and professional and hence the business houses mostly prefer to dobusiness with straightforward strategy and ethics3 (Ardichvili et al., 2012 cultures in largebusiness organizations in Brazil, Russia, India, and China 415-428). The business culture ofAustralia is based on sheer professionalism. Most of the businessmen in Australia don’t believein building relationships for a long time before getting into business relations and they arereceptive to new ideas. The Australian business companies are highly modest and understandtheir benefits and accordingly make business decisions and hence hate aggressive salestechniques and avoiding self importance. The cultural difference that is there in their business ispunctuality and timing. They are very particular about the timing aspect which also exhibits theirprofessionalism. The biggest difference in business culture in Australia is the timing of their2Ferrell, Odies C., and John Fraedrich.Business ethics: Ethical decision making & cases. Nelson Education, 20153Ardichvili, Alexandre, Douglas Jondle, Brenda Kowske, Edgard Cornachione, Jessica Li, and Thomas Thakadipuram. "Ethical cultures in large business organizations in Brazil, Russia, India, and China."Journal of Business Ethics105, no. 4 (2012): 415-428
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