Wednesday, January 8, 2020

Ethical Issues Faced By The Local Workers Essay - 1829 Words

The world is in a position today where globalisation has significantly expanded over the years and is continuing to do so. Hence, there are many large and developed multinational corporations that have outbranched their lower skilled work to less developed countries where labour standards are low, and in addition, where the local workforce are often employed under exploitative working conditions. The key problems currently are managing the evolving ethical problems faced by the local workers. The major issues facing corporations is how to approach and manage the ethical problems in a corporate social responsible manner. Corporate responsibility is defined as the idea of social responsibilities supposing that the corporation has not only economic and legal obligations but also certain responsibilities to society that extend beyond these obligations (McGuire, 1963). Ethical behaviour is linked to acting in ways consistent with what the society and individuals typically think are good values that include honesty, fairness, equality, dignity, diversity and individual rights (WebFinance, 2016). Each multinational corporation has its own code of conduct, in it stating their regulations and behaviours that they are obliged to abide by. The main ethical concerns during employment in any organisation are discrimination and workplace healthy and safety, wages, child labour and rights are of the highest concern on the spectrum. Discrimination can be in the context of recruitment,Sho w MoreRelatedWalmart s Ethical And Social Responsibility804 Words   |  4 Pagespositive effects on its customers, their ethical and social responsibility has developed a negative reputation. It is stated on the Walmart website that they value and understand the importance of ethics and integrity within the organization. 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Predatory Pricing To begin discussing the ethical issues that Wal-Mart has faced in regards to predatory pricing, we must first understand

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