Different Ethical Philosophies and Offshoring of Jobs and Products

Running head: INTERNATIONAL BUSINESS
INTERNATIONAL BUSINESS
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1
INTERNATIONAL BUSINESS
Q1. Using the two articles (Banking and Volkswagen) as the bases for your answer discuss
how might different ethical philosophies influence (hinder or assist) how managers, in
general, make corporate decisions when it comes to offshoring of jobs and products. Support
your answers with real-world examples not being-related to banking, finance and motor
vehicles industries (300 to 350 words).
Offshore means having a presence beyond the national boundaries. There are many
companies or organizations which have their operations outside their home country, like
Volkswagen, Deutsche Bank, Citigroup, and many more. They are widely not subject to
taxation in their home administration. The corporate administration will be designed
accordingly to promote the adaptability of the business as well help to help to regulate the
corporate activities in a developed country, which is actually easy to regulate. Ethics mean
working or making decisions in a company but at the same time keeping mind the moral
perspective of the whole situation. Ethics are very important to any business and usually there
is a set of codes the company abides by. It is also to make a good working environment.
There are different approaches about the subject. The Kanatian theory means offshoring
should align appropriately with the company ethics code (Reber 2013). The utilitarian theory
means the benefits of this decision should be more than the cost of applying it. The virtue
theory says that this decision should be made after taking into consideration the effect it has
on society and its variables. And the eastern philosophical theory means this decision should
look at the impact on people and the environment. Once an organization decides to offshore
jobs, they must first do examine in regards to the area (country/region) where they are
planning to do business. Marketing is a very important part in offshoring and outsourcing
jobs. A strategic plan must be place to generate revenue but most importantly respect cultural
views, government rules and regulations and the environment. Such practices would avoid
lawsuits and the company’s reputation from being tarnished (Becker, Ekholm and Muendler