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Essay / Implementing Values and Ethics in Global Businesses
Implementing Values and Ethics in Global BusinessesSummaryToday's globalized business world demands that businesses take into account the values of their people and follow ethically sound practices. Companies shape their organizational values in light of what their employees value. From a company's organizational values flows a universal code of conduct that is tried and revised until it results in successful resolution of situations demonstrating sound ethics. Implementing Values and Ethics in Global Businesses Today's business world is very different from the business world of our country's early years. as well as the world. In the early years, little consideration was given to employees: children worked long hours, women worked in dangerous conditions, etc. But today the world is seeing a sea change: children under 18 can only work a certain number of hours per week and there are health and safety codes in every company. And these are just the tip of the iceberg of employee-friendly changes that have occurred over the past 100 years. People use words like values and ethics to describe the policies and actions of companies in how they treat their employees, especially on a global scale. Personal ValuesPersonal values, like cultural values, must be considered when a company develops its policies. Personal values are closely linked to cultural values and should be considered as such by a company. Generally, if a company respects the cultural values of its employees, it will also respect the personal values of its employees. Although personal values are simply personal, many personal values are shared in the same way as cultural values. Companies strive to be sensitive to people's personal values through surveys and comment cards. They also demonstrate sensitivity to personal values by giving management the freedom to make exceptions for their own group of employees as they get to know each employee personally. Companies are now striving to know their employees better. Cultural Values Cultural values are one of the values that must be considered by a company when writing or modifying its policies. The values that employees stand for, the values of their group are the ones that companies can have problems with these days, especially when they expand globally. Companies must take people's values into account when developing their policies and work schedules. It could be a group of religious beliefs, whether they dictate going to church on Sunday morning or not eating while the sun rises for an entire month..