BUS FPX 4016 Assessment 2

Introduction 

Ethics is a cumulative component of commercial processes in companies. Typically, companies implement ethical codes with intensive company culture that the employees post and track so they can act upon them. The purpose of such an evaluation is to consider the role that social responsibility plays within international business practice. Additionally, it will identify philosophical concepts and evaluate their effectiveness for organizations and leaders.

What effect does an organization’s ethical standing or reputation have on its business abroad?

Having a high social responsibility is crucial for firms, both local and foreign. This responsibility impacts the reputation of an organization and encourages loyal customers, employee motivation, cost savings, innovation, and market opportunities (Business.gov.nl, n.d.). The ethical conduct of a business largely shapes its reputation. Furthermore, cultural elements play a critical role and influence people’s ideas, interactions, and behavior and influence business transactions (Salakuse, 2005).

Will any philosophical approaches to ethics work in the organization? 

In accordance with Hill (2019), the philosophical approach towards fair moralists believes that international businesses should be as moral as they are at home. Despite potential challenges, this particular philosophical approach proves to be the most suitable. Due to the vast cultural differences among nations, having equally moral standards everywhere poses the threat of mistakes, cases, and unclear reputations. Nevertheless, this approach might look old compared to newer, more advanced techniques.

BUS FPX 4016 Assessment 2: Ethical Business Management  

How Does a Particular Philosophical Approach to Ethics Reflect on an Organization and Its Managers? 

When adopting a just moral perspective, employees working in other nations may inadvertently make errors or violate the law due to misunderstandings of the local culture. Besides, cultural disparities have impacts on the organization, particularly if the culture is very different from the culture of the organization. Manager, typically U.S. For instance, from the developed nations, there can be ignorance of the foreign laws or regulations because of possible match issues, as seen by Hill (2019). Moreover, leaders can subconsciously provoke employees, or hosts can disrupt organizational cultural balance owing to ignorance about the country’s culture.