China was completely contrary from Central Africa on economic, political, and cultural bases during the 1500-1800. From 1000-1500 China led the world in economic development and there after experiencing the trauma of rule by the Yuan Dynasty, China adopted policies that favoured Chinese political and cultural tradition. On the other hand, the kingdoms of central Africa had initiated commercial relations with Portuguese merchants and diplomatic relations with Portuguese monarchy. Portuguese traded for slaves and slave trade undetermined the authority of the King. The Kings were converts of Christianity just to establish closer relations with Portuguese whereas Chinese has great problems with the exclusivity of Christianity but the Jesuits were respectful of Chinese culture and won a few converts.
China’s culture is founded upon Confucian and Maoist, rather than capitalist, which impacts ethical decisions made by Chinese business leaders (Fok, Hartman, & Kwong, 2005). Jamaica’s heritage is capitalist and it is a low uncertainty avoidance country which means the country is open to changes in pressures to industrialize more so that other cultures. The country’s eagerness to develop could have an impact on how ethical its business leaders are, when it concerns making decisions that affect financial, environmental, and cultural issues (Fok, Hartman, & Kwong, 2005). The results of the study show that when the
This paper will start with the cultural values of America and China with theories in the field of intercultural research, then focuses on business protocol in these two cultures, and finally offers some keys leading to effective intercultural communication. The significant study, conducted by Geert Hofstede, identified four dimensions on which country cultures differ, which are individualism versus collectivism, power distance, uncertainty avoidance versus uncertainty tolerance, masculinity versus femininity. For American, individualistic culture is emphasized, which stresses individual achievement and rights, such as making decisions for himself or herself. While Chinese are opposite, who emphasize the group’s achievements and rights, including the group’s right to make decision for the individual. As for power distance, the degree to which less-powerful members of an organization tolerate unequal distribution of power, China has high power distance, which is comparatively small in United States.
ETHICAL ISSUE(S) & DILEMMA The Foxconn suicides can be viewed from an ethical lens because China’s labour costs have been kept low for years, while expectations kept increasing. Global companies are tapping on the low-wage labour market in China to keep costs low, but many fail to fully understand or accept the moral implications. These problems are complex because they result in benefits for some and harms for others, because the exercising of the rights of some usually results in denying the rights of others. (Hosmer, L.T, 2009) The main ethical issue from the Foxconn case would be: whether it is ethical for Mr. Terry Guo, to place the firm’s benefits ahead of the personal well-being of the employees. Being the world’s largest contract manufacturer of computers and electronics (The China Post, 2010) – serving huge companies such as Apple, Dell, Sony and more, Foxconn may not be able to serve its clients if it is unable to maintain its aggressive cost-management policies.
If some public policy makers can make decisions that do not benefit the public as a whole but benefit their personal capitalist goals, their decision making is unethical. Taxpayers must unite to elect policy makers who follow the social enterprise model. This model produces goods and services for the market, but manages its operations and redirects its surpluses in pursuit of social and environmental goals. , By definition, ethics is the process of using reason, guided by moral standards or personal values, to make decisions regarding right- and wrong-doing in one’s professional and personal life, and taking responsibility for those decisions (Cropf). Given this definition of ethics, we would assume that our public officials understand their fiduciary responsibility to create and administer public policy that will benefit of society as a whole.
A Market Society is Ethically better than an Aristocratic Society The concept of market society Scholars come up with several questions in the quest to evaluate what approaches should be taken to establish the relationship between the moral order and the market. For instance, different scholars have examined the set of moral orders upon which the concept of capitalism is based. This aspect in addition to a distinctive set of beliefs, social bonds, and habits stand out clearly in the market and various market structures. This paper shall begin by evaluation of how Hirschman characterised contradicting views concerning the market, which included civilisation, feeble effects on society, and destruction. The study shall also involve a review of various studies to bring an intersection of sociology, political economics, and economics itself in a bid to demonstrate how these subjects exist as theories of market society and moral ethics behind the same.
How Bangladesh can benefit from rising costs of production in China? 5. What are the challenges and opportunities for Bangladesh posed by reshoring of manufacturing in developed countries? PDF version of the news report and the special report published in the Economist. Welcome home The outsourcing of jobs to faraway places is on the wane.
Name: Artem Cherepanov Student ID number: 6509934 Major: International Business Management Number of Words: 922 Submission Date: 18th April, 2012 Question Title: Maslow’s hierarchy of needs as a way of understanding employee motivation in contemporary Chinese business. Since industrialization, all managers have questioned how they can motivate workers in their business. Usually people think that money is the best motivator, however this evidence is not similar for all companies. As Maslow argued, peoples’ needs were very various so he created the hierarchy of human needs based on deficiency and growth needs in order to help managers in workers’ motivation (Robinson, 2004). However, the Maslow’s theory does not fully explain the motivation of numbers of workers especially in contemporary Chinese business as it has a lot of disadvantages.
If yes, give the reasons why; if no, why not? Yes, it could be a success. China and Japan are big markets, however Starbucks should take into consideration that these cultures are not particularly coffee drinking cultures. Another problem is that there is an economic distance. $4,90 is normal for a coffee in America, however this could be very expensive in other countries like China.
The premise of this paper is to illustrate how public policy comes in when the government failed to be able to manage the people, culture, markets, social structures, and other aspects of issue. Policies are created to ensure when governments are placed in the tension between managing fiscal and monetary policy, are still able generate growth and resources to sustain the economy as well as to protect the citizen rights. Furthermore, policy boosts the efficiency into economic management. Policies are specially designed to balance out between private businesses' and government businesses' interests to generate enough profit to benefit for the public good. This paper studied how Singapore faced issues with Domestic Workers mistreatments from employers, and how introducing new regulation in order to protect domestic workers rights mitigated the issue.