Critical Business Ethics In Global Workplace Human Relations Coursework - 1

Critical Business Ethics In Global Workplace Human Relations - Coursework Example d develop ethical principles and guidelines for their employees, where ethics involve the standards on what is right and what is wrong conduct (Renz 2010). However, in the global setting it is more complex to decide what is good or what bad conduct is. In actuality, it is a firm’s social responsibility that comes into debate at this juncture. Over the past decade, there have been numerous ideas presented about the appropriate mode of ethical conduct in global business firms in a global setting. Immense interest in topics such as improper treatment of workers, faulty products that lead to consumer endangerment or inconvenience damage to the environment, as well as ethical conduct issues among countries, organizations, and individuals. However, the heightened sensitivity in the matter and the increasing global competition has created quite the difficult management situation for firms all over the globe. On the other hand, globally active firms, now more than ever, must devise strategies that will ensure their organizations’ are not in the crossfire arising from the increasing focus on ethical conduct. Additionally, firms must develop strategies that carry out additional costs arising as a result of implementation of global ethical standards. The purpose of this paper is to discuss in detail the ethical behavior of firms, especially those that are active globally. The paper unfolds as three sections: First, introduction to the matter in hand. Later, a discussion of the various ethical frameworks in relation to the Credit Suisse case. In the third and final section, a conclusion and personal comments regarding the matters discussed. Ethics can be defined simply as the guiding principles that assist us determine what is right and what is wrong. These guiding principles are the parameters by which the business organizations operate. Ethical behavior implies that individuals behave in the manner acceptable by the organization and society as a whole (Bopp & Smith