Expansion into the Global Market
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The organization where you work is expanding into the global market by opening an office in China. What are some potential ethical and social issues that may arise as the company expands into this new area? Can these issues be avoided or mitigated? Why or why not?
Identify a cultural practice that is considered acceptable in one country but is not acceptable in another. What are some cultural considerations that affect the resulting ethical perspectives in differing cultures?
What new ethical and social responsibility issues might present themselves when moving from a domestic-only organization to one that now reaches a global arena? Why are they different?
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Solution Summary
This solution thoroughly discusses ethical and social issues with expansion into the global markets. I address each question and explain ethical and social issues that can and cannot be avoided, and cultural practices that are considered acceptable in one country but are not acceptable in another country. I also thoroughly discuss new ethical and social responsibility issues that may be present when expanding into an international company.
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There are always concerns when a company expands into any foreign market, including China. When a company expands internationally, the differences in political systems, cultures, and the general market and economic structure must be taken into account. Many of the risks can be mitigated. For example, in China the business environment is based on a collectivism structure, whereas in the U.S., it is based primarily on an individualism structure. Political risks have to be taken into account, and the economic sensitivity at the current time is also a concern. The best way to mitigate many of the risks is to hire ...
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