We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Managing business ethics in China - Essay Example

Comments (0) Cite this document
This essay discusses the causes for ethical concerns in the Chinese economy, effects of business ethics on various aspects of society, and the role of a business manager in the management of business ethics in the Chinese economy. …
Download full paper
Managing business ethics in China
Read TextPreview

Extract of sample
Managing business ethics in China

Download file to see previous pages... In the modern day business world, a manager needs to ensure adherence to business ethics in a firm’s quest for profiteering motives. However, recent developments have resulted in varied definitions of ethics, and each person has to use own judgement to differentiate between ethical and unethical practise. Moreover, the capacity of a business to adhere to ethical expectations is dependent on political, social, economic, and environmental factors of a market. This means that a firm should balance its business practice with environmental and social responsibility, and in adherence to the ethical guidelines stipulated by the government in the country of operation. In essence, the highest level of ethical practice involves business practices that aim to ensure economic, environmental and social sustainability.
The Chinese economy is characterized with widespread criticism on high levels of unethical practices; including corruption that is touted to be the most detrimental factor of the economy. However, recent changes have seen a change in focus to adherence to ethical guidelines by managers, most of whom are learning how to incorporate the system into their businesses without seeming to suffer from the alienation by western values. The Chinese investors insist on charting their own path to ethical practice despite the assimilation of various western characteristics into its economic system. On august 26, 2010, Landau reported on BBC about a businessperson who tried to incorporate Christianity as a tool to entrench ethical practice among his employees, mainly by encouraging his employees to convert to the Christian faith. While this practice is not illegal, it brings up the question of how far managers can go to ensure ethical practises in their firms (Landau, 2010). Factors Influencing Ethical Practice in China Many factors have been blamed for the widespread unethical practices in China, but the most outstanding ones are philosophical beliefs, globalisation and the rapid changes that the Chinese economy undergoes. Philosophical Beliefs The main philosophical approaches taken by the Chinese are Confucianism, Taoism and Buddhism, all of which are based on the teachings of prominent thinkers who resided in the Far East. Confucius, the father of Confucianism, taught that the first obligation of every person is to the family, such that everyone is expected to take care of the needs of family members and close friends before extending favours to others. While this is a convenient way of living in day-to-day life, the philosophy may be destructive in the business world, as managers tend to hire their family members regardless of their qualifications. This has resulted in poor quality of Chinese products; erosion of work ethics since a favour leads to another, and the cycle goes on despite detrimental effects to the economy. However, this does not mean that Confucianism only has negative effects on ethics; in fact, if applied correctly, the philosophy has three main aspects that promote ethical practise. These include the teachings on obedience, following laid down guidelines, and humanity (Suen, Cheung and Mondejar, 2007). Taoism incorporates the principles of learning the details of one's profession for improved workmanship, and promotion of maximum good for the greatest number of people. In addition, Taoism results in increased efficiency at the workplace though this is not the prime concern of the philosophy. Buddhism is the philosophy that encourages business personality to respect and preserve the business environment; and to create a healthy relationship between the business and the community around it. Any manager intending to do ethical business in China has to have an understanding of the perceptions of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Managing business ethics in China Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/business/1394848-essay
(Managing Business Ethics in China Essay Example | Topics and Well Written Essays - 1750 Words)
“Managing Business Ethics in China Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/business/1394848-essay.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Impact of globalization on the cultural environment of business China
Four main changes are identified as namely; Change in vision, goal and mission of organization, Loyalty and motivational changes in employees, Business routines and rituals. The study concludes that globalization has both negative and positive effect to the cultural environment of business in China.
15 Pages(3750 words)Essay
How can the challenges for business start-ups in China be overcome
This report aims at explaining the major challenges that business start- ups in China face. It will critically evaluate and analyze the challenges and make recommendations on how these challenges can be overcome. The report will cover the following; the introduction, the main challenges facing start- ups in China, conclusion, and recommendations.
11 Pages(2750 words)Essay
Business Ethics
BUSINESS ETHICS Table of Contents Table of Contents 2 Introduction 4 Product & Service Mix 4 Brief SWOT Analysis 4 Business Ethics 5 Theoretical Perspective of Business Ethics 7 Code of Conduct for HSBC 8 Corporate Governance 8 Conduct for Suppliers of Goods and Services 10 Economic 10 Environmental 11 Social 11 Employment Conditions 11 Community 11 Telemarketing 12 Regulatory Reform 15 Volcker Rule 15 Security 16 Conclusion 16 Introduction HSBC Holdings Plc is a well known multinational financial and banking service provider located in United Kingdom.
13 Pages(3250 words)Essay
Business Ethics Across Cultures: China and Brazil
Business Ethics Across Cultures: China and Brazil. Companies often build their images to reflect how they conduct business. The most powerful companies in the world understand that their business practices can see them up for success or failure. Ethics play an important roles in business practices because they guide the actions of a company and determine how a company conducts business with other companies.
5 Pages(1250 words)Essay
Ethics Issue in China Case Report
Levi Strauss and Co. faced a critical dilemma about their operations in China. On one hand China was a huge market and the production costs were low, but on the other hand, the human rights violation in China were not in line with the strong ethical stance that Levi Strauss and Co had adopted for many years.
6 Pages(1500 words)Essay
Such responsibility is associated with considerable amount of public expenditure, facilities and infrastructure building, urban reconstruction, and revitalization goals (Peter, Jon, Gary and Hobbs 2). This can have positive or negative lasting outcomes for public stakeholders (Gratton, & Preuss, 20).
7 Pages(1750 words)Essay
Managing international Business
Managing international business thus requires a balanced approach in the right strategy for entering the market, taking into consideration various factors like the macro environment, which include government regulations and policies and
9 Pages(2250 words)Essay
Managing Ethics
Mr. Eden makes use of cameras in order to observe the activities of the employees. Eden’s scientific management style has increased the business of his company but that
2 Pages(500 words)Essay
Business Ethics
Currently it is the world second largest information technology company by revenue and it is among the few phone makers company that are recognized
5 Pages(1250 words)Essay
NES China: Business Ethics
Working around any business rules and regulations, for instance, giving RMB 3000 (US $360) to each of the two government officials, is highly likely to risk a company’s reputation as well as the ultimate career of the manager responsible for the crime.
1 Pages(250 words)Essay
Let us find you another Essay on topic Managing business ethics in China for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us