International business managers can do the following toensure that ethics is considered, except:а.Ensure ethics is considered when making decisionsO b. Build an ethical organizational cultureO c. Favour hiring and promoting people who are smartO d. Ensure managers act ethicallyAgreements among countries in a geographic region toreduce and ultimately remove tariff and non-tariff barriersto the free flow of goods, services, and factors ofproduction between each other are known as

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What are the ethical implications of the following interpretations? Foreign-owned companies are guests in host countries and have no right to impose their cultural values. They are obligated to "play by the rules" by following local laws and customs. Any exceptions?
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The fundamental challenge of managing the global enterprise is assessing, interpreting, and reconciling the competing imperatives to do everything the same way everywhere versus doing everything differently given different demands in different locations. This contest is the sine qua non of management—whether expressed here in terms integation versus responsiveness, or as you likely seen elsewhere, efficiency versus effectiveness, standardization versus customization, maximization versus optimization, mechanistic versus organic, universal versus local, and so on. No matter the product provided or markets served, managers must continually find ways to navigate this dilemma. In Module 1, you interpreted this this issue in terms of the normative versus relativist ethical outlooks. Now, in Module 2, we look at this issue in terms of global integration versus responsiveness. Indeed, interpreting the tension between global integration and local responsiveness anchors and interpretation of…
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Which of the following explanation most likely describes likely why small firms, commonly referred to as born globals, can increasingly participate in international marketplaces more efficiently as well as more effectively? A) procuring raw materials from the same suppliers who supply to the larger firms B) establishing performance appraisals of employees to increase productivity C) establishing training programs for managers to learn international business practices D) promoting products or services by word-of-mouth E) easily, inexpensively designing and accessible website
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