Sustainable International Business Future

This article discusses the darker side of international business, including illegal and unethical activities such as human trafficking, bribery, and cybercrime. It also provides solutions to create a sustainable future for international business. The article cites various sources and examples to support its claims.

Running Head: SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Sustainable International Business Future
Name of the Student
Name of the University
Author Note

1SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide Topic Image Script
Slide
1
The concept
of Black
International
Business
Source- www.abc.net.au(2018)
The darker side of
Conventional
International
Business (IB) is
called the ‘black
international
business’. Many
illegal and
unethical activities
are related to the
international
market (Christians
2017). The
necessity of re –
exploring the
darker aspects of
international
business grew up
few decades ago

2SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide
2
Source- www.theaustralian.com.au(2018)
The major reason
behind black
international
business is the
human greed for
power, money and
authority
Slide
3
Illegal business of human trafficking
Source- www.theepochtimes.com(2018)
The examples of
black international
business can be
taken from the
distant past when
human trafficking
and criminal trade
in heroine were
common (As-
Saber and Cairns
2015). Such
activities are
encouraged by
illicit illegitimate
and criminal

3SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
organizations.
Slide
5
Instances in
Australia
Source – www.alluremedia.com.au(2018)
Another instance
is of NPA or the
Note Printing
Australia which is
a subsidiary of
RBA has also
been alleged of
bribing foreign
officials (Rao
Gopi and Maione
2016). The
bribing has been
done with Nepal ,
Nigeria ,
Indonesia ,
Vietnam and
Malaysia in order
to secure lucrative
note –printing
contracts (Lee
2018).

4SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide
6
Instances in
Australia
Wheat production in
Australia
Source- www.abc.net.au(2018)
It is publicly
known that the
Australian Wheat
Board (AWB)
regularly bribed
the region of
Saddam in order
to freely sell
wheat in Iraq(As-
Saber and Cairns
2015).
Slide
7
Black
International
Business’
taxonomy.
According to the
taxonomy of black
international
business based on
terms of ethics
and legitimacy
perspectives, there
are four types of
black international
business including
the low business
legitimacy, low

5SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Source- www.smh.com.au (2018)
ethical orientation,
high business
legitimacy and
high ethical
orientation (As-
Saber and Cairns
2015).
Slide
8
Elaboration
of the
taxonomy
Source- www.illicit-trade.com (2018)
There are trades
which are
government
sanctioned and
ethical too. There
is also another
type of trade
which is fully
unethical. Some
international sales
are classified as
fully illegal by the
government and
unethical too (As-
Saber and Cairns

6SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
2015).
Slide
9
Unethical
business
practices
The international
business activities
can either be good
or bad. The major
activities of black
international
business in
Australia are the
legal and the
unethical. The role
of any business is
to serve the
demands of the
society and
preserve the
common good.
The Australian
black business
include money
laundering, labor
exploitation, drugs
and heroin

7SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
smuggling,
Slide
10
Prevalent
types of
business
operations in
Australia
The most
prevalent type of
black business in
Australia is
women and child
trafficking. The
Australian Police
has been found to
be raiding the
brothels of the
country to check
whether any
illegally trafficked
women are being
victimized (As-
Saber and Cairns
2015).
Slide
11
Business
operations
( Labor
outsourcing
It is observed that
the nation
Australia is having
considerable
number of its

8SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
citizens, going to
other states in
search of jobs and
the various
agencies are
providing them
the opportunity to
work for various
organizations.
Companies across
the border are also
hiring them for
their business
operations. But in
recent time a
significant issue
that is affecting
the good will and
the safety of the
people of
Australia is
evolved in the
form of Human

9SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Trafficking (As-
Saber and Cairns
2015).
Slide
12
Business
Operations
( Informatio
n technology
industry)
The IT industry is
significantly
expanding in
Australia as the
nation is able to
observe higher
rates in literacy in
the modern times
and rapid
increment in
dependency of the
technological
advancement
regarding the
information
exchange in the
military or other
confidential
matters of the
government is

10SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
observed.
With the
important
information at
stake, the illegal
and unethical
interruption from
different national
and international
sources is
affecting the
operations in a
significant
manner. As a
result, the
organizations are
observed to
transfer
information in a
disguised manner
with the
introduction of the
unusual coding of

11SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
the information
(As-Saber and
Cairns 2015).
Slide
13
Business
operations
( Arms and
Weapons
selling )
Source- www.smh.com.au (2018)
The nation has
implemented strict
rules on the
retailers, suppliers
and manufacturers
of the
organizations,
which are selling
the weapons (As-
Saber and Cairns
2015). In recent
times it is
observed that the
organizations are
significantly
attached in
unethical and
criminal conduct
of selling the
weapons to the

12SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
customers who are
not able to fulfil
the guidelines of
purchasing them.
The sole interest
in this case is to
generate profit by
handing weapons
over to the
terrorist groups
and the extremist
agencies (As-
Saber and Cairns
2015).

13SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide
14
Business
operations
( Banking
Sector )
Source – www. afr.com (2018)
In recent times the
Australian people
are observed to
face innumerable
number of
banking fraud
cases where the
online transaction
section is
observed to face
the maximum
impact. The
information of the
credit and the
debit
Slide
15
In recent times the
Australian people
are observed to
face innumerable
number of
banking fraud
cases where the
online transaction

14SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Source – www. reuters.com (2018)
section is
observed to face
the maximum
impact. The
information of the
credit and the
debit cards or the
customer’s
account is getting
to the hands of the
third parties who
are using them to
take away all the
assets of the
customers. The
digital payment
section of the
banks are
observed to face
the issue in the
above mentioned
manner and an
example of such

15SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
an event will be
the case of
commonwealth
bank data loss
earlier this year.
Slide
16
Business
operations
( Banking
Sector )
Along with the
corruption in the
digital payment
section, the
banking sector is
also subjected to
unethical loan
approvals. In
recent time,
Several Australian
corporate
organizations are
observed to get
the huge amount
of loans without
following the
proper guidelines.
The banks are

16SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
observed to
approve those
loans unethically
in hope to get high
returns. The banks
incorporated the
idea of reducing
the interest rates
on the general
business schemes
as a backup plan
for compensating
the loss in the
non-payment of
those unethically
approved huge
loans. This in an
unethical manner,
helps in the
growth of the
darker side of the
International
Banking business.

17SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide
17
Solution to
labor
outsourcing
Source - www.smh.com.au (2018)
The Australian
government is
need to employ
strong regulatory
rules in order of
get rid of the issue
(abc.net 2018).
The ministry of
external affairs of
Australian
Government must
implement close
monitoring of
their citizens.
Slide
18
Solution to
IT
The government
must form a
cyber-cell section
where the police
will be dedicated
to handle the
cyber-crime
related cases
(Howe and Reilly

18SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Source- www.reuters.com (2018)
2015). The
disturbances in the
form unethical
data tampering or
stealing from the
part of the
International
hacking agencies
is significant in
recent times and
the recruitment of
considerable
number of cyber
experts will be
crucial from the
part of the
government in
dealing with the
issue. The
government has
significantly strict
rules in this case
but it must

19SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
implement
effective
application and
monitoring of
those rules. The
formation of a
specialized
detective agency
is a significant
need in handing
these sort of
threats, who will
be able to monitor
the application of
the rules and will
also have the
rights to take legal
action in any sort
of misconduct.
Slide 19 Solution to
banking sector
The introduction
of the disciplinary
actions from the

20SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
part of the
government
towards the banks
is a much needed
strategy in order to
reduce the cases of
data and
information losing.
The government is
also in need to
implement strict
rules in order to
force
compensation from
the banks which
are observed to
lose the
information of
their customers
(Anderson,
BENBOW and
Manzin 2016).

21SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
Slide 20 Solution to
Banking Sector
It is much needed
from the part of
the government to
have an unbiased
assessment of the
business
conduction of the
banking
organizations and
in order to do so
they must recruit a
team which will
have the authority
to conduct the
internal audit of
the non-
governmental
organizations. That
will be
instrumental in
making sure that
the general
customers do not

22SUSTAINABLE INTERNATIONAL BUSINESS FUTURE
have to face the
impact of the
compensation
procedure in cases
of non-regular
payments of the
loans.
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