ETHICAL ISSUES IN OPERATIONS MANAGEMENT COMMERCE ESSAY    pt2     1600w

There are several factors for the demand of the society for business ethics as a corporate responsibility. Some of these include the changing social role of corporate entities, globalization, developments in technology, and moral authority democratization. In the past, the responsibility or regulating all aspects of social life rests in the hands of the government. However, with the evolution of time, some duties are being moved from the government to the other sectors of the society including the individuals, the social groups, and the business sector. With this trend, corporate entities are required to establish their own self-regulation policies especially that the government has recognized the fact that fully controlling the business sector is not always an efficient way of influencing corporate behavior. Increased pressure is put on the business sector about the possible consequences of their policies on the society.

Globalization is another driving factor for the society’s demand of business ethics among the business sector. Currently, many businesses enter the international market and corporations tend to invest worldwide since this gives them more opportunities to grow. However, with the trend of entering in different foreign markets, there are complex things to consider including ethics. Customs and traditions in foreign lands differ from each other and some business practices that may be acceptable to one nation may not be accepted in the same sense in another. Businesses are often expected to adapt with the customs and values of the foreign land that they are trying to penetrate. Pressure on company’s corporate social responsibility is high since there is still no firm and effective supervision governing the international business behavior.

Developments in technology seem to be a great source of questions of morality. Technology at the current time is considered advanced and it provides a way for people to experience things that are thought to be impossible before. Technological development brings convenience to the society and contributes to the establishment of a kind of life that is better than before. Ethics come to picture as the society examines the real consequences of technology to the way of life. The effect of technology to the world is complex and the government has not enough capacity to ha