This paper looks into the ethical issues in business and business globalization challenges. They are corporate ethics in business. They are a form of professional ethics that not only analyzes the moral issues but also the ethical issues in a business environment. Business ethics are principles and values that guide the actions and decisions in a business. Business ethics has three divisions. These are personal, professional, and corporate. Ethics in business are important since they have a huge impact on their communities. Ethical behavior in a business directly represents the values and principles that govern the business. These ethics, however, affects the relationships with other organizations and the community.
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THE COMMON ETHICAL ISSUES IN BUSINESS
Ethical issues are a challenge to any business. Statutes and laws are usually put in place to keep employees responsible. It is important to detect ethical issues in business before they become huge problems. First, discrimination and harassment are the most common ethical issues in businesses. Thus, the laws that protect against these issues require reforms regularly. Discrimination clouds judgment and affects the decisions in a business. Second, compliance and governance. Businesses should comply with state and federal laws. Failure to comply puts at risk the health and livelihood of people within and outside the business. Lastly, accounting issues which are a huge problem in business. They are also part of business globalization challenges as they lead to incurring high costs when accountants begin to act unethically by lying and embezzling business funds.
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THE ANALYSIS OF BUSINESS GLOBALIZATION CHALLENGES
Business globalization challenges affect businesses that operate on an international scale. One challenge is the need to carry out international recruitment. Recruitment of foreigners may also increase the risk of ethical issues in business. Moreover, businesses need to know the salary demands of the market to offer competitive offers. Complying with changing tax laws and changing employment is another challenge that also affects the decisions in a business. It, therefore, becomes a more difficult task to manage these operations in different countries and regions.
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