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Ethical Decisions in International Business Assignment PDF

   

Added on  2021-02-20

7 Pages1755 Words21 Views
ETHICALDECISIONS ININTERNATIONALBUSINESS

Table of ContentsINTRODUCTION...........................................................................................................................1REFLECTIVE JOURNAL..............................................................................................................1Question 1: How has the knowledge and understanding of moral reasoning in general and ininternational business particularly evolved in past weeks?....................................................1Question 2: Reflection on readings, theories an cases discussed along with reasoning of theirimpacts....................................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

INTRODUCTIONEthics refer to all the moral principles and codes which govern behaviour of individualswhile they perform a certain activity. In international business, it is highly essential forindividuals as well as organisations to take ethical and effective decisions throughout theirworking. The report below is based on self reflection on evolution of ethical reasoning as well asreflection on theories and cases associated with the same.REFLECTIVE JOURNALQuestion 1: How has the knowledge and understanding of moral reasoning in general and ininternational business particularly evolved in past weeks?During first part of the semester, I was required to study about ethical decision making ininternational business. Throughout the initial weeks, we were taught about the extent to whichunethical decisions are a threat to the current business environment. In addition a detailedoverview on several business decisions involving moral dilemmas was also provided to us.Furthermore, in week 2, a group project, which was based on a case study, emphasising onethical reasoning. Furthermore, several essential aspects were also taught to us in relation withmanagement of stakeholders in an organisational context and how best to do that practice byapplying ethics as a core factor (Freeman, Harrison and Wicks, 2007). In Week 5, we wereprovided guidance regarding writing own code of conduct, which included several stepsassociated with the practice. Additionally, a detailed situational analysis associated withstakeholders' assessment was also an essential part of that week within the semester.During starting of the semester, I was quite keen on understanding how ethics could beapplied in operations management as it was crucial in international business. However, there wasa certain level of nervousness which I experienced during the first week as there were differentconcepts and theories which were never been studied by me in past weeks. However, as Iprogressed and learnt new elements regarding ethics, I experienced comfort and enhancement inconfidence to a very evident context regarding application of ethics in decision making ofbusiness. Furthermore, indulging into group activities also helped me in gaining my knowledgeabout ethical reasoning, which further induced a positive mindset within me regarding thesubject.1

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