Part 1 - FY005 Preparing for a Professional Career

Report

Introduction

Workplace have outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity. It also include supervisory oversight, human rights, religion, the political sphere, the environment, bribery and corruption are some of the most prevalent ethical issues in international business (Martin and Shilton, 2022). Businesses that conduct international business are expected to adhere to all federal, state, and local safety regulations as well as environmental, financial, and civil rights laws. And they must communicate their values to the stakeholders involved in their business.

Every culture and country has its own history, traditions, customs, and moral code. Language is one of the cultural barriers, so businesses frequently need translators when communicating with clients and other business associates. In nations where women do not have the same rights as men, gender can be a problem. Trade restrictions may apply during certain times of the year due to religious and other cultural holidays (Vallaster et al., 2020). A multinational company must conduct itself in accordance with ethical and cultural norms in order to gain the patronage and business of customers and establish a competitive advantage in a given market.

Ethical Value – Right and wrong

Ethics are the rules, ideals, and convictions that guide our judgement of what is right and wrong. They can be divided into three groups: social outreach, destiny and values, and code and compliance. Respecting coworkers' differences, being honest in the workplace, and having faith in one another are all aspects of ethics that apply to working internationally.

Create a set of core values that are succinctly stated to serve as the foundation for global policies and decision-making. Decisions made by businesses must reflect their values (C0hen 2020). Honesty, dignity, responsibility, and respect for others are the values that are most widely held. Additionally, it's crucial to understand how different cultures' values differ when working with them.

Employees Support and balance

Employees must be supported by management to formulate questions that will guide them in making decisions that are flexible and culturally sensitive while still adhering to those core values. Employees are frequently taught their ethics code by their employers through training and policies (Freudenreich et al., 2020). Additionally, even though formal legal protection may be required for businesses, it's crucial to think about how these policies are supported by the organization's leadership.

Achieve a balance between the need for a policy and the need for creativity or flexibility. Companies should develop a flexible yet solid strategy for encouraging their staff to take responsibility and use sound professional judgment. Achieve a balance between the need for the policy and the need for creativity or flexibility (Ferrell et al., 2019). Companies should develop a flexible yet solid strategy for encouraging their staff to take responsibility and use sound professional judgment.

International Business values

The landscape of international business is evolving and diversifying all the time. Anyone no longer rely solely on our own morals and values to guide how we conduct business with other nations (Freeman et al., 2020). As your business expands internationally, you can help your employees understand how to approach their work more effectively by assisting your organisation in appreciating cultural differences.

The topic of ethical behaviour with regard to non-human animals, plants, and other natural resources is called environmental ethics. Voluntary participation, informed consent, anonymity, confidentiality, the possibility of harm, and results communication are some of these guiding principles (Vazquez 2018). An ethical principle underlies every legal requirement. The ethical rule is that as an educator, you should always protect the privacy of the information about your students when discussing assessment results. As a professional, you owe it to yourself and others to respect their information.

Ethical issues need a strategic way

Businesses frequently choose to ignore ethical problems as a management strategy. This is frequently used in conjunction with employees by businesses to silence them (Martin and Shilton, 2020). This is the worst thing you can do if you want to keep your good name. After all, unethical behaviour will eventually come to light. A better approach is to take the initiative, look for unethical behavior, and correct it as soon as you can. Every business owner needs to use a few essential strategies.

The majority of organisations that have adopted a code of ethical assessment practises participate in educational initiatives that seek to advance knowledge of what ethical assessment practise is. Since a code of ethics is not a set of absolutes but rather a framework for assessing whether a behaviour is appropriate, educational activities are especially crucial. Case studies can be used to illustrate ethical dilemma analysis and behaviour evaluation using judgement particularly well.

Other educational strategies

Other effective educational strategies include providing open forums for ethical discussion, disseminating real-world issues that call for judgments about what constitutes appropriate behavior, and using group learning exercises that present ethical conundrums for professional analysis and evaluation. Regardless of the strategy used, sharing the codes with examples of ethical dilemmas from real-world situations is an effective way to advance knowledge of ethical assessment practice.

The organisations involved in the assessment consider promoting ethical practises in assessment to be a very important goal. Codes are designed to raise members' awareness of ethical behaviour and to advance the use of assessment in a variety of contexts, including instruction, counseling, evaluation, and research, among others. A code of ethics is a set of guiding principles intended to assist professionals in conducting business honestly and morally. An ethical code, also known as a code of conduct, can cover topics like business ethics, a code of professional conduct, and an employee code of conduct.

A business that creates a code of ethics outlining all the ways the business should act honestly and ethically in its daily operations, from how its employees behave and interact with clients to the types of people it does business with, such as suppliers and advertising agencies, is an example of a code of ethics.

In conclusion, laws govern many aspects of business, including hiring practises and safety requirements. In addition to establishing rules for behavior, compliance-based codes of ethics also specify the consequences for violations.

No matter the size of the company, management is expected to set an example of moral behaviour for all employees to follow. When administrators uphold the code of ethics, it conveys that all staff members are expected to do the same. A code of ethics is a set of guiding principles designed to teach professionals how to act in a way that is truthful and advantageous to all parties involved.

 

Part 2

a.      Reflective writing

Description

I know from experience that there are set rules and regulations in every culture, community, and business organization. When there is no room or opening for a fresh question about any idea, value, or stated practice, it becomes problematic.

Feelings

The advent of social media, which has transformed the world into a "Global Village," has made it necessary, in my opinion, to make changes to the stated or established rules and regulations in a particular community culture or in any business organizations. However, even today, it is still prohibited to question the set rules and policies.

Evaluation

There are families and cultures where the members get together and talk about various issues; I have also come across this situation where everyone is involved in making decisions rather than just the head of the family. In contrast, top management typically makes most decisions in organizations (Sroka and Szántó, 2018). Front-line employees who are best positioned to understand customer needs and demands do not participate in these decisions.

Analysis

Even established theories are disproved after new discoveries, as when it was discovered that malaria is not caused by contaminated water but rather by female mosquitoes. This discovery was made possible by the acceptance of a question that was raised, which led to the change.

It is impossible to implement true ethical values for the betterment of society and the profitability of the business with integrity if any society culture or business organisation forbids its members or employees from challenging the established rules, regulations, and practices.

Conclusion

I've learned how to record ideas for business organisations regardless of whether they are part of a culture or a community gathering. I've also put myself in a position where, whenever I see something amiss that I believe could have a negative impact on the organisation or society, I always question and consider the situation in order to take appropriate action.

In any community organization, it is impossible to have better development and growth if decision-making is primarily based on established rules and practices. This is because there will never be a change for the better because the established rules will never change.

Action plan

I no longer adhere to the notion that it should be ingrained in people to follow the established rules and regulations. My personal perception is that the environment is a component of any organisational gathering culture. It gives me the assurance I need to consider everything going on before forming a plan for the future. I think that by doing research on various societal and business issues, I will be better able to understand how decisions are made, work to improve it, and become the best version of myself to represent them as a positive expectation of society.

The established social norms and business practices can only be altered when all members of the community, regardless of age or position, have an equal opportunity to participate in the organization. However, the sensibility and clarity with which solutions or strategies are presented should also be valued.

 

b. Continuous personal development CPD

 

What do I want/need to learn?

What will I do to achieve this?

What resources or support will I need?

What will my success criteria be?

Target dates for review and completion

Research

To have the extensive research skill on different approaches of communities and business practices.

I will have to be active part of the communities and business organisations to understand their behavior for decision making on set rules and practices

e-library to read the research on different issues and practical experience as well

Become able to point out the flaws in the practices

Continuous process but review can be made after one month

 

 

References

 

Cohen, D.V., 2020. Ethics and crime in business firms: Organizational culture and the impact of anomie. In The legacy of anomie theory (pp. 183-206). Routledge.

Ferrell, O.C., Harrison, D.E., Ferrell, L. and Hair, J.F., 2019. Business ethics, corporate social responsibility, and brand attitudes: An exploratory study. Journal of Business Research, 95, pp.491-501.

Freeman, R.E., Parmar, B.L. and Martin, K., 2020. BUSINESS AND ETHICS. In The Power of And (pp. 129-140). Columbia University Press.

Freudenreich, B., Lüdeke-Freund, F. and Schaltegger, S., 2020. A stakeholder theory perspective on business models: Value creation for sustainability. Journal of Business Ethics, 166(1), pp.3-18.

Manuel, T. and Herron, T.L., 2020. An ethical perspective of business CSR and the COVID-19 pandemic. Society and Business Review.

Martin, K. and Shilton, K., 2022. Business and the ethical implications of technology: Introduction to the symposium. In Business and the Ethical Implications of Technology (pp. 1-11). Springer, Cham.

Sroka, W. and Szántó, R., 2018. Corporate social responsibility and business ethics in controversial sectors: Analysis of research results. Journal of Entrepreneurship, Management and Innovation, 14(3), pp.111-126.

Vallaster, C., Kraus, S., Lindahl, J.M.M. and Nielsen, A., 2019. Ethics and entrepreneurship: A bibliometric study and literature review. Journal of Business Research, 99, pp.226-237.

Vazquez, P., 2018. Family business ethics: At the crossroads of business ethics and family business. Journal of Business Ethics, 150(3), pp.691-709.