Unit I Essay For This Assignment You Will Watch A Series Of

Unit I Essayfor This Assignment You Will Watch A Series Of Short Vide

For this assignment, you will watch a series of short video segments from the film Business Ethics: A 21st-Century Perspective. In combination with the assigned reading, provide a response to the questions that follow. You will analyze the ethical issues related to globalization, temptations vs. ethical dilemmas, and future business challenges, incorporating personal insights and research. The essay should be at least 500 words, double-spaced, in Times New Roman, 12-point font, with APA citations and references.

Paper For Above instruction

The globalization of business significantly impacts how ethical issues are perceived and addressed, especially concerning labor practices such as child labor. As businesses expand across borders, they encounter diverse cultural norms and legal frameworks, complicating the ethical landscape. The use of child labor raises multifaceted questions: what are the cultural, economic, and human rights considerations? In analyzing such issues, it is crucial to examine the roles of international organizations, local regulations, and the impact on children’s rights. Questions such as "Is the economic benefit justification sufficient?" or "What measures ensure ethical compliance?" guide such analysis (Crane & Matten, 2016). Conducting research into international labor standards, such as those established by the International Labour Organization (ILO), and evaluating the societal repercussions, are essential steps. Ultimately, a principled stance aligns with advocating for the rights of children and working toward ethical globalization that promotes fair labor practices globally (Banerjee & Linstead, 2001).

Understanding the distinction between temptations and ethical dilemmas is key to effective moral decision-making. Temptation involves a desire or inclination that may lead one to act unethically, often driven by personal gain or immediate gratification. For example, I once faced a situation where I was tempted to plagiarize a portion of an assignment to meet a deadline, motivated by procrastination and pressure. An ethical dilemma, however, presents a conflict between competing moral principles, such as honesty versus loyalty or duty. During an internship, I discovered that a coworker was falsifying sales reports. Confronting the issue involved weighing my responsibility to uphold integrity against the loyalty to my colleague. I resolved the dilemma by consulting my supervisor and supporting the implementation of accurate reporting practices, emphasizing transparency and accountability (Trevino & Nelson, 2017). This distinction underscores the need to recognize internal temptations and to approach ethical dilemmas with principled reasoning grounded in core values.

One pressing issue confronting 21st-century businesses is the challenge of data privacy and cybersecurity. With the proliferation of digital technologies, companies handle vast amounts of personal data, making them vulnerable to breaches and misuse. Analyzing this issue involves questioning the adequacy of current privacy laws, the ethical responsibilities of organizations, and the potential consequences for consumers. To address these concerns, I would undertake research into existing regulations such as the General Data Protection Regulation (GDPR) and assess the effectiveness of corporate compliance programs. Making ethical determinations would involve evaluating the company’s transparency about data collection, consent mechanisms, and safeguards against cyber threats (Westin, 2019). Resolving these issues requires implementing robust cybersecurity protocols, fostering a culture of ethical data stewardship, and continually updating policies to adapt to technological advances. Ultimately, protecting consumer privacy while enabling innovation is a delicate balance that demands ongoing ethical vigilance and stakeholder collaboration (Culnan & Bies, 2017).

References

• Banerjee, S. B., & Linstead, S. (2001). Globalization, ethnocentric perspectives and critical research. Organizational Studies, 22(4), 715-735.
• Crane, A., & Matten, D. (2016). Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press.
• Culnan, M. J., & Bies, R. J. (2017). Consumer privacy: Balancing economic and ethical issues. MIS Quarterly Executive, 16(1), 5-12.
• Trevino, L. K., & Nelson, K. A. (2017). Managing business ethics: Straight talk about how to do it right. Wiley.
• Westin, A. (2019). Information technology and ethics. IEEE Computer Society.